Promoter pledges 15,00,000 shares for a group entity's facility; encumbrance now 6.86% of share capital
Promoter Swan Engitech Works Private Limited created an encumbrance by pledging 15,00,000 shares of Swan Corp Limited on 13th October, 2026.
By ScoutQuest · · 2 min read
- Shares pledged
- 15,00,000 shares (0.48% of total share capital)
- Encumbered holding after event
- 2,15,00,000 shares (6.86% of total share capital)
- Encumbrance as % of promoter's own holding
- 55.98%
Promoter Swan Engitech Works Private Limited has encumbered shares of Swan Corp Limited, and the disclosure sets out both the fresh event and the total position after it.
The new pledge
- 15,00,000 shares were pledged on 13th October, 2026, equal to 0.48% of total share capital.
- The shares are pledged in favour of IDBI Trusteeship Services Limited, and the lender named is National Bank for Financing Infrastructure and Development (NaBFID).
- The stated reason is securing a financial facility sanctioned to a group entity.
Position after the event
- Swan Engitech Works now has 2,15,00,000 shares under encumbrance, which is 6.86% of total share capital.
- That is 55.98% of this promoter's own holding, and the update states the encumbered shares are more than 50% of its holding.
- The update also states the encumbered shares are not 20% or more of total share capital.
Money involved
- Value of the shares pledged on the date of the event: Rs. 602.75 crores.
- Amount against which the shares are encumbered: Rs. 1,150 crores.
Promoter group context
- Total promoter shareholding in Swan Corp Limited is 53.96% of total share capital.
- Two other promoters listed with existing pledged holdings, Dave Impex Private Limited and Swan Realtors Private Limited, show the same encumbered position before and after this event, so nothing changed for them in this disclosure.
What a pledge means, in simple terms
- The shares still belong to the promoter, but they are tied up as security for a borrowing.
- A pledge is one form of encumbrance. If the borrower defaults, the lender can invoke the pledge, which is why the level of promoter encumbrance is tracked by investors.
- In this case the facility being secured is for a group entity, and the disclosure identifies the listed company and other group entities among the parties named in the agreement.
Also from Swan Corp
Promoter creates pledge on 15,00,000 shares; total encumbered holding at 2,15,00,000 shares
16 Oct 2026
Realty arm launches 'Bodhi', a 24-home low-density project in Jayanagar, Bengaluru
14 Oct 2026
CRISIL Assigns ESG Rating of 59 (Adequate) and Core ESG Rating of 65 (Strong) for FY 2025-26
29 Sep 2026
More numbers
- Shares pledged on 13th October, 202615,00,000
- Pledged shares as % of total share capital0.48
- Promoter's total encumbered shares after the event2,15,00,000
- Post-event encumbrance as % of total share capital6.86
- Encumbered shares as % of this promoter's holding55.98
- Total promoter shareholding in the listed company53.96%
- Value of shares pledged on date of eventRs. 602.75 crores
- Amount involved (against which shares are encumbered)Rs. 1,150 crores
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