Swan Corp503310Promoter pledge update

Promoter creates pledge on 15,00,000 shares; total encumbered holding at 2,15,00,000 shares

Swan Engitech Works Pvt Ltd, a promoter of Swan Corp Ltd, has pledged 15,00,000 shares, 0.48% of total share capital, on 13th October, 2026.

By ScoutQuest · Fri 16 Oct 2026, 10:29 AM IST · 2 min read

55.98%Encumbered shares as % of this promoter's holding

Encumbered shares as % of this promoter's holding: 55.98%.

Shares Pledged: 15,00,000 shares, 0.48% of total share capital, pledged on 13th October, 2026
Encumbered Shares After Event: 2,15,00,000 shares, or 6.86% of total share capital (55.98% of its 3,84,02,858-share holding)
Value / Amount Involved: Value of shares pledged: Rs. 602.75 crores; amount involved: Rs. 1,150 crores

What the update says

Swan Engitech Works Private Limited, a promoter of Swan Corp Ltd, has reported creation of an encumbrance over its shares. The event is a pledge of shares, created on 13th October, 2026 and reported to the exchanges on 15th October, 2026.

Numbers at a glance

Newly pledged shares: 15,00,000 shares, equal to 0.48% of total share capital.
This promoter's holding in the company: 3,84,02,858 shares.
Encumbered shares after this event: 2,15,00,000 shares, or 6.86% of total share capital.
Encumbered shares as a share of this promoter's own holding: 55.98%, which the update notes is more than half of its holding.

Who is involved

The shares are encumbered in favour of IDBI Trusteeship Services Limited, described as a security trustee. The lender is the National Bank for Financing Infrastructure and Development (NaBFID), which the update describes as a Public Financial Institution. The entities named in the agreement are Swan Corp Limited, Swan Engitech Works Private Limited and Swan Defence and Heavy Industries Limited, along with IDBI Trusteeship Services Limited.

Why the shares are pledged

The stated reason is security for a financial facility sanctioned to a group entity. The update says the encumbrance does not relate to debt instruments such as debentures, commercial papers or certificates of deposit.

Value and cover

Value of the shares pledged on the date of the event/agreement: Rs. 602.75 crores.
Amount involved against which the shares are encumbered: Rs. 1,150 crores.

Other promoters with encumbered holdings

The update also lists two other promoters whose shares are pledged, though not for this reporting event — Dave Impex Private Limited and Swan Realtors Private Limited.

How to read it

A pledge means these promoter shares are held as security for a borrowing. Promoter share encumbrance is a data point investors often track because it links part of the promoter's holding to a lender's claim. Here the update states the purpose (a group entity's financial facility), the lender and the trustee, the value of the shares pledged and the amount involved.

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