Swan Corp Limited has announced the approval by its Management Committee to issue a Corporate Guarantee totaling Rs. 1,150 crores. This guarantee is intended to secure a Rupee Term Loan sanctioned by the National Bank for Financing Infrastructure and Development (NaBFID). The loan proceeds are designated for Swan Defence and Heavy Industries Limited, a step-down subsidiary of the company. The board confirmed no immediate pecuniary impact on Swan Corp Limited upon issuance.
Corporate Guarantee Approval for Subsidiary Financing
On 13th February, 2026, the Management Committee of Swan Corp Limited approved a significant financial action involving its subsidiary. The approval covers the issuance of a Corporate Guarantee amounting to Rs. 1,150 crores.
This guarantee is specifically aimed at securing a Rupee Term Loan that has been sanctioned by the National Bank for Financing Infrastructure and Development (NaBFID). The recipient of the loan facilities is Swan Defence and Heavy Industries Limited, which operates as a step-down subsidiary of Swan Corp Limited.
Transaction Details and Related Parties
The guarantee covers the loan provided to Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited).
- Interest of Promoters: There is no direct interest from the promoter/promoter group in this specific transaction. Any interest held by these parties in Swan Defence and Heavy Industries Limited is only indirect, stemming from their respective shareholding in the listed entity, Swan Corp Limited (SCL).
Impact on Listed Entity
Regarding the impact of this issuance on the listed company, Swan Corp Limited, the announcement confirmed that as of the issuance date, there is no immediate pecuniary impact on the listed entity.
Source: BSE
