Swan Defence and Heavy Industries Achieves Minimum Public Shareholding Through Offer for Sale
Swan Defence and Heavy Industries Limited announced the completion of an Offer for Sale (OFS) on March 19, 2026, which enabled the company to meet the required Minimum Public Shareholding (MPS). Promoters of the company sold 26,38,747 equity shares through the OFS.As of March 23, 2026, the company’s shareholding structure is as follows:
| Category | No. of Shares | Percentage |
|---|---|---|
| Promoter | 4,73,61,253 | 89.90% |
| Public | 53,20,897 | 10.10% |
| Total | 5,26,82,150 | 100.00% |
The company was formerly known as Reliance Naval and Engineering Limited. Priti P. Dave, Company Secretary & Compliance Officer, ACS:- 19469, provided the information.
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