Dave Impex Private Limited, a promoter of Swan Corp Limited, has formally disclosed the creation of a pledge involving 49,00,000 equity shares. The filing, dated March 30, 2026, confirms that the shares were pledged as security for a financial facility obtained by a Group entity from Kotak Mahindra Bank Limited. This action resulted in the post-pledge holding of 1,88,91,000 shares, representing 6.03% of the total share capital.
Formal Disclosure of Share Encumbrance
Dave Impex Private Limited has submitted a mandatory disclosure concerning the encumbrance of shares held in Swan Corp Limited, the Target Company. The filing, made on March 30, 2026, confirms the creation of a pledge involving 49,00,000 equity shares, which equates to 1.56% of the total share capital of Swan Corp Limited.
Details of the Encumbrance Event
The details provided show the following status updates related to the promoter’s holdings:
- Initial Holding: Dave Impex Private Limited held 4,60,30,400 shares (14.68%) before the event.
- Pre-Pledge Encumbered Holding: The existing encumbered portion stood at 1,39,91,000 shares (4.46%).
- New Pledge Details: The current pledge event involves 49,00,000 shares (1.56%).
- Reason: The shares were pledged as Security for financial facility obtained by Group entity.
- Beneficiary: The pledge was made in favor of Kotak Mahindra Bank Limited.
Post-Event Shareholding Structure
Following the creation of this new pledge, the total holding of encumbered shares for Dave Impex Private Limited now stands at 1,88,91,000 shares, representing 6.03% of the total share capital.
Holdings of Other Promoters
The report also summarized the existing pledged holdings for other associated entities within the promoter group, confirming that their current pledged amounts remain unchanged relative to the new event:
- Swan Realtors Private Limited: Holds 3,00,00,000 shares (9.57%) already encumbered.
- Swan Engitech Works Private Limited: Holds 1,35,00,000 shares (4.30%) already encumbered.
The final signatory for the disclosure was Parool Merchant, Director, on behalf of Dave Impex Private Limited.
Source: BSE
