Swan Corp Limited has announced its unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance across its diversified business portfolio. The Board of Directors approved these results at their meeting held on February 6, 2026.

Consolidated Financial Performance

The company's consolidated results for Q3FY26 showed contrasting performance compared to the previous year. While revenue from operations remained substantial, profitability faced significant challenges during the quarter.

For the nine-month period ended December 31, 2025, the consolidated performance showed:

Standalone Financial Results

The standalone results presented a more positive picture, with the company maintaining profitability across both quarterly and nine-month periods.

For the nine-month standalone performance:

Segment-wise Performance Analysis

Swan Corp operates across seven distinct business segments, each contributing differently to the overall performance:

Revenue Distribution (Q3FY26 Consolidated):

Segment Results (Profit before tax and interest):

Financial Position and Capital Structure

The company maintains a substantial asset base with total consolidated segment assets of ₹13,11,052.25 lakhs as of December 31, 2025, compared to ₹14,81,775.94 lakhs in the previous year. The paid-up equity share capital remained stable at ₹3,134.57 lakhs with a face value of ₹1 per share.

Regulatory Compliance and Audit

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and were reviewed by the Audit Committee before Board approval. N. N. Jambusaria & Co., Chartered Accountants, conducted the limited review as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results will be filed with BSE Limited and National Stock Exchange of India Limited and are available on the company's website.

Swan Corp Limited's board of directors has approved a substantial related party transaction worth ₹3,500 crores with its step-down subsidiary Swan Defence and Heavy Industries Limited (SDHI). The decision was taken during the board meeting held on January 27, 2026, which commenced at 4:30 PM and concluded at 5:30 PM.

Major Related Party Transaction Approved

The board granted its consent for the material related party transaction with SDHI, subject to shareholder approval through postal ballot. The transaction encompasses various business activities and financial arrangements between the companies.

The comprehensive transaction covers multiple business activities including:

• Sale, purchase or supply of goods or services
• Trade advances (providing and receiving)
• Fund-based and non-fund-based support
• Partial or full repayment of advances and support
• Investments in equity, debt, and inter-corporate deposits
• Convertible and non-convertible instruments
• Guarantee or security for financial facilities

Shareholder Approval Process

The material related party transaction requires shareholder approval, which will be sought through postal ballot using remote e-voting mechanism. The postal ballot notice has been dated January 27, 2026, and shareholders will vote on an ordinary resolution to approve the transaction.

Board Changes

The board also noted the resignation of Ms. Shanaya Munot (DIN: 08541838) as an Independent Director, effective December 15, 2025. The company had already furnished the prescribed disclosure format to stock exchanges on December 15, 2025, hence no additional disclosure was required during this board meeting.

Regulatory Compliance

The board meeting outcome was communicated to both National Stock Exchange Limited (Symbol: SWANCORP) and BSE Limited (Scrip Code: 503310) in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure ensures transparency regarding material developments affecting the company and its stakeholders.