SCSwan Corp503310Promoter pledge update

Promoter creates pledge of 85,00,000 shares as security for a group entity's financial facility

Swan Engitech Works, promoter of Swan Corp Ltd, has pledged 85,00,000 shares.

By ScoutQuest · Tue 3 Nov 2026, 1:33 PM IST · 2 min read

Shares Pledged

85,00,000 shares, 2.71% of total share capital

Encumbrance Date

30th October, 2026

Total Encumbered Holding

3 crore shares, 9.57% of total share capital and 78.12% of its own ~3.84 crore shares

What has been disclosed

Swan Engitech Works Private Limited, a promoter of Swan Corp Ltd, has created an encumbrance over its shares by way of a pledge. The pledge covers 85,00,000 shares, equal to 2.71% of the total share capital. The date of creation of the encumbrance is 30th October, 2026, and the disclosure is dated 3rd November, 2026.

In whose favour

The shares are encumbered in favour of IDBI Trusteeship Services Limited, acting as security trustee. The lender named in the update is National Bank for Financing Infrastructure and Development (NaBFID), described as a Public Financial Institution.

Why it was created

The reason stated is "Security for financial facility obtained by Group entity". The amount involved against which the shares are encumbered is Rs. 1,150 crores, while the cumulative value of the shares pledged is Rs. 684.45 crores. The other entities named in the agreement are Swan Corp Limited, Swan Engitech Works Private Limited and Swan Defence and Heavy Industries Limited. The update states that the encumbrance does not relate to debt instruments such as debentures, commercial paper or certificate of deposit.

How much is now encumbered

Swan Engitech Works holds ~3.84 crore shares in Swan Corp Ltd. After this creation, the promoter's encumbered holding is 3 crore shares, or 9.57% of the total share capital. Measured against its own holding, that works out to 78.12%. The update notes that the encumbered shares are more than 50% of Swan Engitech's total shareholding in the company.

How to read it

• A pledge is a form of encumbrance: the promoter continues to own the shares, but they are held as collateral, so they are not free to be sold while the pledge stands.
• The borrowing here is for a group entity, and the listed company's shares form part of the security for that facility.
• Because 78.12% of this promoter's stake is now encumbered, the lender's charge over those shares is a detail worth tracking if the borrowing group entity's repayment position changes.
• The update names the lender, the security trustee, the facility amount and the value of the shares offered, which lets investors follow the arrangement from the disclosure itself.

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