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 Swan Defence confirmed that no unpublished price-sensitive information would be shared during the meetings.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.

Swan Defence and Heavy Industries Limited shareholders approved the adoption of audited standalone and consolidated financial statements for FY26 at its 29th Annual General Meeting on September 2, 2026.

The meeting also saw the re-appointment of directors Vivek Merchant and Bhavik Merchant, who were retiring by rotation. All eight resolutions placed before the shareholders were passed with requisite majorities.

Voting Results Overview

The AGM was conducted through Video Conferencing / Other Audio-Visual Means. A total of 50 shareholders attended the meeting online, comprising one promoter group representative and 49 public shareholders. This satisfied the quorum requirement.

Remote e-voting was conducted prior to the meeting from August 30 to September 1, 2026. The total number of shareholders on the record date of August 26, 2026, was 83,786.

Key Resolutions Passed

Shareholder Participation

Promoter and promoter group entities hold 47,361,253 equity shares, representing 89.90% of the company’s total equity share capital. The corporate member holding this stake authorized its representative to attend the meeting.

Public institutional shareholders held 1,225,815 shares, while public non-institutional shareholders held 4,095,082 shares.

For the adoption of financial statements (Resolution 1), 48,324,569 votes were cast in favor, representing 99.9999% of valid votes polled. Only 47 votes were cast against.

Related Party Transactions

The resolution approving material related party transactions required a separate vote from interested promoters. Consequently, the promoter group did not vote on this specific item. Among public shareholders, 77.38% of votes polled were in favor, while 22.62% were against. The resolution passed with the requisite majority from disinterested shareholders.

Governance and Compliance

Mr. Jignesh M. Pandya & Co., Company Secretaries, served as the scrutinizer for the e-voting process. The company complied with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by disclosing the summary of proceedings and voting results.

The CMD, Nikhil Merchant, chaired the meeting. CFO Jignesh Shah and CEO RAdm (Retd.) Vipin Kumar Saxena addressed shareholder queries regarding annual accounts and future business plans.