Swan Corp Limited announced that its promoter entities, Swan Realtors Private Limited and Swan Engitech Works Private Limited, have pledged 4,35,00,000 shares, representing 13.88% of the total share capital. The encumbrance was created on March 24, 2026, to secure a financial facility amounting to Rs. 1,150 crores for a group entity. The security cover ratio stands favorably at 1.28.
Overview of Promoter Shareholding and Encumbrance
The total promoter shareholding in Swan Corp Limited stands at 16,91,48,000 shares, constituting 53.96% of the Total Share Capital. The cumulative shareholding of the key promoter entities—Swan Realtors Private Limited and Swan Engitech Works Private Limited—totals 7,99,91,858 shares (25.52% of Total Share Capital).
The total number of shares pledged across both entities amounts to 4,35,00,000 shares. As a percentage of the Total Promoter Shareholding (16,91,48,000 shares), this represents a pledge ratio of 13.88%.
Details of Encumbered Holdings by Entity
The pledge details are broken down by the individual promoter entities as follows:
- Swan Realtors Private Limited: Pledged 3,00,00,000 shares (72.13% of its individual holding).
- Swan Engitech Works Private Limited: Pledged 1,35,00,000 shares (35.15% of its individual holding).
Notably, the encumbered shareholding by Swan Realtors Private Limited (72.13%) exceeds 50% of its total holding in Swan Corp Limited. However, the combined pledged shares are not more than 50% of the total share capital.
Terms of the Encumbrance Agreement
The encumbrance, created on March 24, 2026, takes the form of a Pledge of shares for both entities.
Securing Party and Facility Details
- Favour of Entity (X): IDBI Trusteeship Services Limited (Security Trustee).
- Lender: National Bank for Financing Infrastructure and Development (NaBFID), which is confirmed to be a Public Financial Institution.
- Amount Involved (B): Rs. 1,150 crores.
- Value of Shares (A): Rs. 1469.87 crores (based on filed charge documents).
- Security Cover Ratio (A/B): 1.28.
The borrowed amount is specifically earmarked For Securing Financial Facility as sanctioned to Group Entity.
Associated Entities
The agreement involves the listed company and its group companies, including Swan Corp Limited, Swan Realtors Private Limited, and Swan Defence and Heavy Industries Limited. The trustee is IDBI Trusteeship Services Limited.
Signatory Information
The disclosure was authorized by Paresh Vasantlal Merchant, signed on March 26, 2026, in Mumbai, and digitally signed shortly thereafter.
Source: BSE
