Swan Engitech Works Pledges 1,35,00,000 Equity Shares of Swan Corp Limited
Swan Engitech Works Private Limited pledged 1,35,00,000 equity shares (4.30%) of Swan Corp Limited to IDBI Trusteeship Services Limited as security for group entity's financial facility through NaBFID. The pledge was created on 24th March, 2026, from Swan Engitech's total holding of 3,84,02,858 shares (12.25%). The revised disclosure under SEBI (SAST) Regulations was filed on 15th April, 2026, following BSE communication.
*this image is generated using AI for illustrative purposes only.
Swan Engitech Works Private Limited has filed a revised disclosure under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the pledge creation of equity shares in Swan Corp Limited. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on 15th April, 2026.
Pledge Details
The company has pledged 1,35,00,000 equity shares of Swan Corp Limited as security for financial facility obtained by a group entity. The pledge was created on 24th March, 2026, in favor of IDBI Trusteeship Services Limited, with National Bank for Financing Infrastructure and Development (NaBFID) serving as the lender.
| Parameter: | Details |
|---|---|
| Shares Pledged: | 1,35,00,000 |
| Percentage of Total Share Capital: | 4.30% |
| Date of Pledge Creation: | 24th March, 2026 |
| Trustee: | IDBI Trusteeship Services Limited |
| Lender: | National Bank for Financing Infrastructure and Development (NaBFID) |
| Purpose: | Security for financial facility obtained by Group entity |
Promoter Holdings
Swan Engitech Works Private Limited holds a total of 3,84,02,858 shares in Swan Corp Limited, representing 12.25% of the company's total share capital. Prior to this pledge creation, the company had no existing encumbered shares in Swan Corp Limited.
| Holding Details: | Numbers | Percentage |
|---|---|---|
| Total Promoter Holding: | 3,84,02,858 | 12.25% |
| Previously Encumbered Shares: | - | - |
| Current Pledged Shares: | 1,35,00,000 | 4.30% |
Other Promoter Pledges
The disclosure also provides information about existing pledges by other promoter entities that were not part of this reporting event:
Dave Impex Private Limited:
- Total holding: 4,60,30,400 shares (14.68%)
- Pledged shares: 1,39,91,000 shares (4.46%)
Swan Realtors Private Limited:
- Total holding: 4,15,89,000 shares (13.27%)
- Pledged shares: 3,00,00,000 shares (9.57%)
Regulatory Compliance
The revised disclosure was necessitated following communication from BSE Limited dated 15th April, 2026. The document was digitally signed by Paresh Merchant, Director of Swan Engitech Works Private Limited (DIN: 00660027), ensuring compliance with regulatory requirements under SEBI (SAST) Regulations, 2011.
Swan Corp Limited shares are listed on both BSE Limited (Scrip Code: 503310) and National Stock Exchange of India Limited (Symbol: SWANCORP). The disclosure maintains transparency regarding promoter shareholding patterns and encumbrance details as mandated by securities market regulations.
Historical Stock Returns for Swan Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.58% | +9.61% | +5.03% | -17.51% | -17.88% | +166.40% |
What infrastructure project or expansion plans might the group entity be financing through NaBFID that required this substantial pledge?
How might the increasing promoter pledge levels (now totaling over 18% of share capital) affect investor confidence and stock liquidity?
Will Swan Corp's credit rating or borrowing capacity be impacted by the rising encumbrance on promoter holdings?
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