Swan Defence & Heavy Industries Limited has issued a clarification to BSE Limited regarding a significant increase in trading volume, responding to regulatory inquiry dated March 30, 2026. The company addressed concerns about unusual market activity in its scrip through an official communication signed by Company Secretary Priti P. Dave.

Regulatory Compliance Statement

The company provided a comprehensive response to BSE's inquiry, emphasizing its adherence to disclosure requirements. Swan Defence confirmed that it has made all necessary disclosures pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Material Information Disclosure

The company explicitly stated that it has not withheld any material information or events that could influence price or volume behavior in the scrip. This clarification addresses potential market concerns about undisclosed developments that might have contributed to the trading volume surge.

Swan Defence emphasized that all information furnished by the company remains in the public domain, ensuring transparency for market participants and regulatory authorities.

Ongoing Compliance Commitment

The company reaffirmed its commitment to maintaining compliance with SEBI (LODR) Regulations, 2015. Swan Defence assured that it will continue to keep stock exchanges informed of all price-sensitive information as required under regulatory frameworks.

The response was digitally signed by Company Secretary Priti P. Dave (ACS: 19469) on March 30, 2026, at 11:42:57 +05'30', providing official authentication to the regulatory communication.

Company Background

Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, operates from its registered office at Pipavav Port, Gujarat, with corporate office located in Mumbai's Ballard Estate. The company maintains its commitment to regulatory transparency while addressing market inquiries promptly.

Swan Defence & Heavy Industries Limited has achieved a significant milestone by completing full and final repayment to all Committee of Creditors (CoC) members on March 27, 2026. The company informed both BSE and NSE about this crucial development under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Completion of Financial Restructuring

The repayment was executed in accordance with the Resolution plan pursuant to the NCLT Order dated December 23, 2022. This completion marks the end of the company's obligations under the corporate insolvency resolution process that had been ongoing since the NCLT approval.

Corporate Details and Communication

The announcement was made through an official communication to the stock exchanges, signed by Company Secretary & Compliance Officer Priti P. Dave (ACS: 19469). The company operates under the trading symbols BSE Scrip Code 533107 and NSE Symbol SWANDEF.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events and corporate actions. The completion of CoC repayment represents a material development in the company's financial restructuring journey.

This development signifies the successful conclusion of the company's financial obligations under the resolution plan, marking an important step in its corporate restructuring process that began with the NCLT proceedings.