Swan Defence And Heavy Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2025 ,inter alia, to consider and approve unaudited ....
SWANDEF · price
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The board of Swan Defence and Heavy Industries (formerly Reliance Naval and Engineering) will meet on November 12, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Separately, the board will consider a proposal to raise funds through the issue of debentures (non-convertible, unlisted, unsecured) on a private placement basis, potentially in multiple tranches. The company will also initiate a postal ballot process to seek shareholder approval for the debenture issuance.
For shareholders: Q2/H1 results will provide the next earnings update, while the proposed debenture issuance signals a potential fundraising move that could dilute existing debt structure or bring in fresh capital — terms including pricing, tenure and interest rate are yet to be decided, so further clarity will come after the board meeting.