Swan Defence and Heavy Industries Limited appointed Venu Avadhanula as Chief Operating Officer (Senior Management Personnel) effective October 1, 2026. This leadership addition aims to strengthen operational oversight in the defence and heavy engineering sector.

The appointment was disclosed to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed the change in a filing dated October 1, 2026, signed by Company Secretary Priti P. Dave.

Executive profile

Avadhanula is a seasoned maritime and shipbuilding professional with over 34 years of leadership experience. His expertise spans shipyard operations, production, and infrastructure development. Prior to this role, he was associated with Drydocks World in Dubai.

Regulatory disclosure

The company filed the necessary disclosures with BSE and NSE as required by SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing noted that relationships between directors were not applicable for this senior management appointment.

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.