Swan Defence and Heavy Industries Limited completed the amalgamation with Triumph Offshore Private Limited as the scheme of arrangement became effective on September 17, 2026. The transaction follows the filing of the certified order from the National Company Law Tribunal, Ahmedabad Bench, with the Registrar of Companies.

The corporate action was approved by the NCLT in an earlier order, which both companies filed to finalize the process. The amalgamation integrates Triumph Offshore, the transferor company, into Swan Defence, the transferee company, along with their respective shareholders and creditors.

Scheme Details

The effective date marks the legal completion of the arrangement. However, the financial and operational consolidation is backdated to an appointed date of April 1, 2024. This timeline ensures that the financial results of Triumph Offshore are consolidated into Swan Defence’s books from that earlier period.

Swan Defence, formerly known as Reliance Naval and Engineering Limited, confirmed the filing through a communication to the stock exchanges. The move finalizes a restructuring step for the defence and heavy industries player.

Swan Defence & Heavy Industries has rescheduled its upcoming institutional investor meetings in Mumbai. The management team will now hold in-person discussions with investors from September 21 to September 30, 2026. This replaces the previously announced dates of September 17 and 18.

The company stated that the schedule remains subject to change based on exigencies from either the investors or the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Swan Defence confirmed that no unpublished price-sensitive information would be shared during the meetings.

Priti P. Dave, Company Secretary and Compliance Officer, signed the communication dated September 16, 2026.