SCSwan Corp503310Promoter pledge update

Promoter Swan Engitech pledges 85,00,000 shares; 78.12% of its holding now encumbered

Swan Engitech Works Private Limited, a promoter of Swan Corp Limited, created an encumbrance by way of pledge over 85,00,000 shares on 30th October, 2026.

By ScoutQuest · Tue 3 Nov 2026, 1:31 PM IST · 2 min read

Shares pledged

85,00,000 shares, equal to 2.71% of the total share capital, pledged on 30th October, 2026

Post-event encumbered holding

3 crore shares, or 9.57% of total share capital (78.12% of its holding)

Pledge value vs facility

Shares pledged valued at Rs. 684.45 crores against Rs. 1,150 crores involved; lender NaBFID, trustee IDBI Trusteeship Services Limited

A promoter of Swan Corp Limited has added to the shares it has pledged.

What this disclosure records

• Swan Engitech Works Private Limited created an encumbrance, by way of pledge of shares, on 30th October, 2026.
• The shares pledged in this event are 85,00,000, equal to 2.71% of the total share capital of Swan Corp Limited.
• Before this event, 2,15,00,000 shares (6.86%) of its holding were already encumbered.
• After the event, 3 crore shares are encumbered, equal to 9.57% of total share capital.

In whose favour and why

• The shares are encumbered in favour of IDBI Trusteeship Services Limited, described as a security trustee.
• The lender named is National Bank for Financing Infrastructure and Development (NaBFID), described as a public financial institution.
• The stated reason is security for a financial facility obtained by a group entity.
• Other entities named in the agreement are Swan Corp Limited, Swan Engitech Works Private Limited and Swan Defence and Heavy Industries Limited.

How large is this relative to the promoter's holding

• Swan Engitech Works holds ~3.84 crore shares, or 12.25% of Swan Corp Limited.
• Encumbered shares of 3,00,00,000 work out to 78.12% of that holding, which is more than 50% of its holding in the company.
• Against the total share capital, however, the update answers "No" to encumbered shares being 20% or more.

Values quoted

• Cumulative value of the shares pledged: Rs. 684.45 crores.
• Amount involved, against which the shares are encumbered: Rs. 1,150 crores.
• Ratio of the two: 0.60.

Existing pledges of other promoters

• Dave Impex Private Limited holds 4,60,30,400 shares (14.68%); 1,88,91,000 shares (6.03%) are encumbered.
• Swan Realtors Private Limited holds 4,15,89,000 shares (13.27%); 3 crore shares (9.57%) are encumbered.
• Total promoter shareholding is ~16.91 crore shares, or 53.96% of the company.

What a pledge means, in simple terms

• A pledge is when shares are offered as security against a loan. The owner keeps the shares but cannot freely deal with them while the pledge lasts.
• Here the pledge backs a financial facility taken by a group entity, and the total value of shares pledged (Rs. 684.45 crores) is lower than the amount involved (Rs. 1,150 crores), a ratio of 0.60.
• The key figures to track are the portion of a promoter's own holding that is pledged (78.12% here) and the portion of the company's total share capital that is pledged (9.57% here).

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