Swan Defence And Heavy Industries Ltd

Swan Defence Proposes Amalgamation with Triumph Offshore 🏗️

- Proposed amalgamation of Triumph Offshore Private Limited into Swan Defence and Heavy Industries Limited.

- Capital reduction and reorganization by adjusting Capital Reserve and Securities Premium balances against Retained Earnings.

- TOPL equity shares will be cancelled; SDHIL will issue 1,325 preference shares (face value INR 10 each) per 1,000 TOPL equity shares.

- Pre-scheme paid-up equity capital of SDHIL is INR 52.68 crore, expected to increase post-scheme.

- Aims to consolidate operations, reduce costs, and enhance competitiveness in shipbuilding, defence, and heavy engineering sectors.

- Shareholder meeting scheduled for May 25, 2026, at 10:30 am IST via video conference.

- Remote e-voting available from May 22, 2026, 09:00 AM IST to May 24, 2026, 05:00 PM IST.

- Scheme requires approvals from shareholders, NCLT, and regulatory authorities.

- No adverse impact on employees or creditors noted.

- Detailed documents available on company website (sdhi.co.in) and stock exchange portals.