Swan Defence sets July 17 for merger hearing
Swan Defence and Heavy Industries Ltd announced that the NCLT Ahmedabad bench has scheduled the final hearing for its amalgamation scheme with Triumph Offshore Private Limited on July 17, 2026. The company petition regarding the Scheme of Arrangement and Amalgamation was filed on June 1, 2026. The scheme is pursuant to Sections 230 to 232 read with Sections 66 and 52 of the Companies Act, 2013.
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Swan Defence and Heavy Industries Ltd has announced that the National Company Law Tribunal (NCLT), Ahmedabad bench, has scheduled the final hearing for its amalgamation scheme with Triumph Offshore Private Limited on July 17, 2026. The company petition regarding the Scheme of Arrangement and Amalgamation was filed on June 1, 2026. The scheme is pursuant to Sections 230 to 232 read with Sections 66 and 52 of the Companies Act, 2013.
The company intimated the stock exchanges regarding the newspaper advertisement published in Business Standard and Jansatta on June 22, 2026, which provided notice of the hearing. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Priti P. Dave, the Company Secretary & Compliance Officer, signed the intimation.
Key Details of the Scheme
| Detail | Description |
|---|---|
| Transferor Company | Triumph Offshore Private Limited |
| Transferee Company | Swan Defence and Heavy Industries Limited |
| Tribunal | National Company Law Tribunal, Ahmedabad bench |
| Petition Filed On | June 1, 2026 |
| Final Hearing Date | July 17, 2026 |
| Regulatory Reference | Regulation 30 of SEBI (LODR) Regulations, 2015 |
The notice of hearing was published by Thakkar and Pahwa, Advocates, on behalf of the petitioner companies. Any person desirous of supporting or opposing the petition must send a notice of intention to the petitioners' advocate at least two days before the hearing date.
Historical Stock Returns for Swan Defence & Heavy Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.31% | -4.73% | +11.83% | +21.33% | +665.59% | +5,807.41% |
What are the expected synergies and operational benefits for Swan Defence following the amalgamation with Triumph Offshore?
How will this merger impact Swan Defence's financial health and debt obligations moving forward?
What potential challenges or objections could arise during the NCLT hearing on July 17, 2026?
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