Swan corp Limited has announced the approval of a significant corporate guarantee worth Rs 1,150 crores for its step-down subsidiary. The company's Management Committee of the Board of Directors approved this guarantee on February 13, 2026, as part of securing financing for Swan Defence and Heavy Industries Limited.

Corporate Guarantee Details

The guarantee will secure a Rupee Term Loan sanctioned by National Bank for Financing Infrastructure and Development (NaBFID) to Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited. This step-down subsidiary operates in the defence and heavy industries sector.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI Listing Regulations, specifically under Para B of Part A of Schedule III. Swan Corp communicated this development to both National Stock Exchange Limited and BSE Limited, providing comprehensive details as required under the regulatory framework.

The company clarified that promoters, promoter groups, and group companies have no direct interest in this transaction, except for the indirect shareholding of Swan Corp Limited in Swan Defence and Heavy Industries Limited through a subsidiary entity.

Financial Impact Assessment

Corporate Structure and Relationships

Swan Defence and Heavy Industries Limited operates as a step-down subsidiary of Swan Corp Limited. The guarantee arrangement reflects the parent company's support for its subsidiary's financing requirements in the defence and heavy industries sector. The transaction maintains arm's length principles, with interests limited to respective shareholding structures.

The corporate guarantee represents a strategic financial commitment by Swan Corp to support its subsidiary's operational and growth financing needs through NaBFID's term loan facility.

Swan Corp Limited has published its unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, in newspaper advertisements as required under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted copies of these advertisements to both BSE Limited and National Stock Exchange of India Limited on February 7, 2026.

Regulatory Compliance and Publication

The financial results were published in Business Standard (English) and Mumbai Lakshdeep (Marathi) newspapers, fulfilling the mandatory disclosure requirements. Company Secretary Saptarshi Ganguly digitally signed the submission letter to stock exchanges, confirming compliance with regulatory obligations.

Consolidated Financial Performance Q3FY26

The company's consolidated results showed challenging performance with significant decline in profitability compared to the previous year.

Nine Months Consolidated Performance

For the nine-month period, the company maintained profitability despite significant year-over-year decline.

Standalone Financial Results

The standalone operations showed more resilient performance with positive growth in key metrics.

For the nine-month standalone period, total income from operations reached ₹19,992.56 lakhs with profit after tax of ₹1,554.51 lakhs.

Corporate Information and Compliance

The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 6, 2026. The company maintains its equity share capital at ₹3,134.57 lakhs with face value of ₹1 per share. Complete financial results are available on stock exchange websites ( www.bseindia.com and www.nseindia.com ) and the company's website ( www.swan.co.in ).

The newspaper publication ensures transparency and accessibility of financial information to all stakeholders, demonstrating the company's commitment to regulatory compliance and corporate governance standards.