Swan Defence and Heavy Industries Limited Approves Quarter Results; Reports on Amalgamation Status
Swan Defence and Heavy Industries Limited, formerly Reliance Naval and Engineering Limited, announced the approval of its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were approved by the Board of Directors at a meeting held on August 11, 2026.The company operates in shipbuilding repairs and heavy fabrication.
Financial Performance Overview
The financial performance figures, prepared in accordance with Indian Accounting Standard (Ind AS) 34, were reviewed by independent auditors. The results for the quarter ended June 30, 2026, reflect both operational activities and ongoing strategic corporate developments.Unaudited Standalone Financial Results (Quarter Ended June 30, 2026)
The standalone results showed key performance indicators across various categories:| Particulars | Value |
|---|---|
| Revenue from Operations | 3,061.14 |
| Other Income | 110,004 |
| Total Income | 218,118 |
| Profit / (Loss) Before Exceptional Items and Tax | 832,118 (4,160.00) |
| After Tax (Other Comprehensive Income) | (4,160.00) |
| Total Comprehensive Income | (4,246.11) |
Unaudited Consolidated Financial Results (Quarter Ended June 30, 2026)
The consolidated results of the Group reflect the operations of the parent company and its subsidiaries, including Conceptia Software Technologies Private Limited:| Particulars | Value |
|---|---|
| Revenue from Operations | 308,114 |
| Other Income | 1.10004 |
| Total Income | 416,118 |
| Profit / (Loss) Before Exceptional Items and Tax | 832,118 (4,160.00) |
| Share of Income in Associate | 8.22 |
| Profit / (Loss) before Tax | (4,168.22) |
| Total Comprehensive Income attributable to Owners | (4,254.33) |
| Paid-up Equity Share Capital | 526,822 |
Amalgamation and Corporate Restructuring
The Board meeting addressed the status of the Scheme of Arrangement and Amalgamation involving Swan Defence and Heavy Industries Limited and Triumph Offshore Private Limited (TOPL).The amalgamation process was initially approved by the Board on November 22, 2024. This scheme involves the merger of Triumph Offshore Private Limited (the Transferor Company or TOPL) with Swan Defence and Heavy Industries Limited (the Transferee Company or SDHI).
Key aspects of the proposed amalgamation include:
- A reduction and reorganization of the capital of the Transferor Company.
- The issuance of 1,325 (One Thousand Three Hundred and Twenty Five) 8% Non-Convertible Redeemable Preference Shares having a face value of INR 10/- each. These shares are credited as fully paid up to be issued for the equity shareholders of TOPL for every 1,000 Equity Shares held by such shareholders in TOPL.
The amalgamation has been approved by the Hon National Company Law Tribunal in Ahmedabad, and the certified copy of the order is pending receipt. The necessary actions regarding this merger, including financial impact implementation, are scheduled to take place during the quarter ending September 30, 2026.
SWANDEF Stock Price Movement
Swan Defence and Heavy Industries Limited shares slipped today, settling at ₹2573.8 after shedding ₹22.50 or 0.86%. The equity saw significant intraday volatility, briefly touching a high of ₹2750—its impressive 52-week peak—during the day's trading activity of 21,643 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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