Swan Engitech Works Private Limited has formally disclosed the creation of a pledge involving 1,35,00,000 equity shares of Swan Corp Limited. This action, effective March 24, 2026, represents 4.30% of Swan Corp’s total share capital. The shares were pledged with IDBI Trusteeship Services Limited as security for a financial facility obtained by a Group entity. This disclosure pertains to the promoters’ holdings as per applicable regulations.
Encumbrance Disclosure by Swan Engitech
On March 26, 2026, Swan Engitech Works Private Limited (formerly Sahajanand Engineering Works Private Limited) submitted a mandatory disclosure regarding the creation of an encumbrance over shares held in Swan Corp Limited (the Target Company).
Details of the Pledge Creation
The key details concerning the creation of this security are as follows:
- Event Date: The pledge was created on March 24, 2026.
- Security Type: The event is classified as a Pledge.
- Reason: The encumbrance serves as Security for financial facility obtained by a Group entity.
- Shares Pledged: A total of 1,35,00,000 equity shares were pledged.
- Impact on Holding: This pledge constitutes 4.30% of Swan Corp Limited’s total share capital.
- Beneficiary: The shares were placed in favor of IDBI Trusteeship Services Limited.
Following this creation event, Swan Engitech Works Private Limited’s post-event holding of encumbered shares in Swan Corp Limited stands at 1,35,00,000 shares, representing 4.30% of the total share capital.
Existing Promoter Holdings Overview
The announcement also provided context regarding the existing shareholding of the promoter group entities in Swan Corp Limited:
Swan Engitech Works Private Limited:
- Total Holding: 3,84,02,858 shares (12.25% of total capital).
- Already Encumbered: Nil (prior to this event).
The report further listed particulars for other promoters whose shareholdings are pledged, though not related to the current reporting event:
- Dave Impex Private Limited: Holds 4,60,30,400 shares (14.68%), with 1,39,91,000 shares (4.46%) already pledged.
- Swan Realtors Private Limited: Holds 4,15,89,000 shares (13.27%), with 3,00,00,000 shares (9.57%) already pledged.
The regulatory filing confirmed that the pledge created by Swan Engitech Works Private Limited is being reported under the relevant section governing promoter encumbrance disclosures.
Source: BSE
