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.

Swan Defence and Heavy Industries Limited has received regulatory disclosure from its promoter Hazel Infra Limited regarding the disposal of 26,38,747 equity shares through an Offer for Sale (OFS) mechanism. The transaction, completed on March 18 and 19, 2026, represents a significant reduction in the promoter's shareholding in the defence company.

Transaction Overview

The OFS involved the sale of 26,38,747 equity shares of face value Rs. 10 each, representing 5.01% of Swan Defence's total paid-up equity share capital. The transaction was executed across two trading days with specific allocation patterns for different investor categories.

Daily Allocation Breakdown

The share sale was structured across two consecutive trading days with different investor participation patterns. On T Day (18th March, 2026), Hazel Infra sold 23,74,872 equity shares exclusively to non-retail investors based on valid bids received. On T+1 Day (19th March, 2026), the remaining 2,63,875 equity shares were allocated to both non-retail and retail investors.

Shareholding Changes

The transaction resulted in a substantial reduction in Hazel Infra's promoter holding in Swan Defence and Heavy Industries Limited. The company's shareholding structure underwent significant changes following the completion of the OFS.

Regulatory Compliance

The OFS was conducted in strict accordance with SEBI's comprehensive framework for share sales through stock exchange mechanisms. The transaction followed guidelines specified in SEBI circular SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023, along with the Master Circular for Stock Exchange and Clearing Corporations issued through circular SEBI/HO/MRD-PoD2/CIR/P/2024/00181 dated December 30, 2024.

The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with Hazel Infra fulfilling its obligation to inform within 2 working days of the transaction completion. The OFS was executed on designated windows of both BSE Limited and National Stock Exchange of India Limited, ensuring broad market access for potential investors.

Swan Defence and Heavy Industries Limited received the formal disclosure on March 24, 2026, through its Company Secretary & Compliance Officer Priti P. Dave, confirming the completion of the regulatory notification process.