Swan Corp has disclosed voluntary Environmental, Social, and Governance (ESG) ratings assigned by Crisil ESG Ratings & Analytics Ltd. for the fiscal year 2025-26. The company received an overall ESG rating of Crisil ESG 59, categorized as Adequate, and a Core ESG rating of Crisil Core ESG 65, categorized as Strong.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The filing clarifies that these are ESG ratings distinct from credit ratings or other terminology specified in SEBI LODR regulations.

Rating Details

The company stated that a copy of the disclosure letter is available on its official website. The ratings were assigned by Crisil ESG Ratings & Analytics Ltd. (CRISIL). The document was signed by Saptarshi Ganguly, Company Secretary & Compliance Officer, on September 29, 2026.

Promoter entity Swan Corp Engitech Works Private Limited has pledged 20,00,000 equity shares of Swan Corp Limited to secure a financial facility for a group company.

The pledge was created on September 4, 2026, in favor of IDBI Trusteeship Services Limited, acting as trustee for National Bank for Financing Infrastructure and Development (NaBFID). The disclosure was filed with the stock exchanges on September 7, 2026.

Pledge Details

The encumbrance relates to a security for a financial facility obtained by a group entity. The value of the pledged shares at the time of the event was ₹1,469.87 crore, against an involved amount of ₹1,150 crore. This results in a security cover ratio of 1.28.

Promoter Holding Structure

Following this transaction, the total number of encumbered shares held by Swan Engitech Works Private Limited stands at 2,00,00,000. This represents 52.08% of its total holding in Swan Corp Limited.

The promoter’s total holding in the listed company remains 3,84,02,858 shares, constituting 12.25% of the total share capital. The total promoter group shareholding in Swan Corp Limited is 16,91,48,000 shares, or 53.96% of the total share capital.

Other Encumbrances

Other promoter entities also hold pledged shares in the company. Dave Impex Private Limited holds 4,60,30,400 shares (14.68%), with 1,88,91,000 shares (6.03%) already encumbered. Swan Realtors Private Limited holds 4,15,89,000 shares (13.27%), with 3,00,00,000 shares (9.57%) under pledge.

What the Numbers Show

The pledge creation increases the encumbered portion of Swan Engitech Works’ holding to over half its total stake. While the absolute number of new shares pledged is 20,00,000, the cumulative encumbered position of this specific promoter entity now exceeds 50% of its individual holding, signaling a higher concentration of collateral risk within this specific promoter vehicle compared to its unpledged balance.