Swan Corp Ltd. Announces Promoter Share Encumbrance
Mumbai, March 28, 2026 – Swan Corp Ltd. reported that shares held by promoters Swan Realtors Private Limited and Swan Engitech Works Private Limited have been pledged.According to a filing, the total promoter shareholding in Swan Corp Ltd. consists of 16,91,48,000 shares, representing 53.96% of the total share capital. The cumulative shareholding of Swan Realtors Private Limited and Swan Engitech Works Private Limited, both part of the promoter group, amounts to 7,99,91,858 shares, or 25.52% of the total share capital. Swan Realtors Private Limited holds 4,15,89,000 shares, and Swan Engitech Works Private Limited holds 3,84,02,858 shares.
A total of 4,35,00,000 shares, representing 13.88% of the total promoter shareholding, have been pledged. Swan Realtors Private Limited pledged 3,00,00,000 shares, representing 72.13% of its total shareholding, while Swan Engitech Works Private Limited pledged 1,35,00,000 shares, representing 35.15% of its total shareholding.
The encumbered shares were pledged to IDBI Trusteeship Services Limited, acting as a security trustee. The total value of the shares on the date of the event was Rs. 1469.87 crores, and the amount involved against which the shares were encumbered is Rs. 1,150 crores. The ratio of the value of shares to the amount involved is 1.28.
The borrowed funds are intended to secure a financial facility for a group entity. The encumbrance was created on March 24, 2026.
| Encumbrance by SwanRealtors Private Limited (Date of creation of encumbrance: 24 th March, 2026) | Encumbrance by SwanEngitech Works Private Limited (Date of creation of encumbrance: 24 th March, 2026) | ||
|---|---|---|---|
| Type of encumbrance (pledge, lien, negative lien, non- disposal undertaking, etc. or any other covenant, transaction, condition or arrangement in the nature of encumbrance) | Type of encumbrance (pledge, lien, negative lien, non- disposal undertaking, etc. or any other covenant, transaction, condition or arrangement in the nature of encumbrance) | Pledge of shares | Pledge of shares |
| No. and %ofshares encumbered | No. and %ofshares encumbered | No. of shares pledged: 3,00,00,000 shares %of total share capital of Swan Corp Limited: 9.57% | No. of shares pledged: 1,35,00,000 shares %of total share capital of Swan Corp Limited: 4.31% |
| Specific details about the encumbrance | Nameof the entity in whose favour shares encumbered (X) | IDBI Trusteeship Services Limited | IDBI Trusteeship Services Limited |
| Whether the entity X is a scheduled commercial bank, public financial institution,NBFC or House Finance Company? If No, provide the nature of the business of the entity | No Nature of the business of the entity: Security Trustee | No Nature of the business of the entity: Security Trustee | |
| Namesof all other entities in the agreement | Listed company and its group companies (if any) 1. Swan Corp Limited 2. Swan Realtors Private Limited 3. Swan Defence and Heavy Industries Limited Other entities(if any)- IDBI Trusteeship Services Limited | Listed company and its group companies (if any) 1. Swan Corp Limited 2. Swan Engitech Works Private Limited 3. Swan Defence and Heavy Industries Limited Other entities(if any)- IDBI Trusteeship Services Limited | |
| Whether the encumbrance is relating to any debt instruments viz. debenture, commercial paper, certificate of deposit, etc? If yeas, provide details about the instrument, including credit rating | No | No |
| Security Cover/ Asset Cover | Value of shares on the date of event / agreement (A) | Rs. 1469.87 crores (In terms of filed charge documents) |
|---|---|---|
| Security Cover/ Asset Cover | Amount involved (against which shares have been encumbered) (B) | Rs. 1,150 crores |
| Security Cover/ Asset Cover | Ratio of A/B | 1.28 |
| End use of money | Borrowed amount to be utilized for what purpose- (a)Personal use by promoters and PACs (b)For the benefit of listed company Provide details including amount, purpose of raising money by listed company, schedule for utilization of amount, repayment schedule, etc. a) Any other reason (please specify) | For Securing Financial Facility as sanctioned to Group Entity |
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