Swan Corp’s board approved a material related party transaction with Swan Defence and Heavy Industries Limited (SDHI) for ₹3,500 crores, pending shareholder approval via postal ballot. The board also noted the resignation of Independent Director, Ms. Shanaya Munot, effective December 15, 2025. Disclosure regarding her resignation was previously furnished to the Stock Exchange.
Related Party Transaction Approved
The Swan Corp Board has granted its approval for a material related party transaction involving Swan Defence and Heavy Industries Limited (SDHI), a step-down subsidiary. This transaction amounts to ₹3,500 crores. Shareholder approval will be sought via an Ordinary Resolution through Postal Ballot.
Transaction Details
This related party transaction includes the sale, purchase, or supply of goods or services, alongside similar business transactions. It also encompasses providing/receiving trade advances, fund-based and non-fund-based support, and providing/receiving partial/full repayment related to these advances or support, whether existing or new. The transaction may also involve investments in equity/debt/inter-corporate deposits, convertible/non-convertible instruments and the giving of guarantees/security for any financial facility.
Director Resignation Noted
The resignation of Ms. Shanaya Munot (DIN: 08541838) as an Independent Director was noted by the Board, effective December 15, 2025. Disclosure of this event was previously given to the Stock Exchange on December 15, 2025.
Source: BSE
