Swan Engitech Works Private Limited has disclosed the creation of encumbrance on 3,00,00,000 equity shares, representing 9.57% of its total share capital. These shares have been pledged as security for a financial facility obtained by a group entity. The pledge was created on November 4, 2026, with IDBI Trusteeship Services Limited acting as the trustee for the lender, National Bank for Financing Infrastructure and Development (NaBFID). The value of the pledged shares is approximately ₹764.30 crores against an involved amount of ₹1,150 crores.
Promoter Encumbers Shares for Financial Facility
Swan Engitech Works Private Limited has formally announced the encumbrance of 3,00,00,000 equity shares, which constitutes 9.57% of its total share capital. This action was taken on November 4, 2026, to provide security for a financial facility secured by a related group entity.
Details of the Encumbrance
The disclosure, made in accordance with SEBI regulations, details that the pledge is a form of financial encumbrance. The shares were pledged in favour of IDBI Trusteeship Services Limited, acting as the security trustee. The ultimate lender is the National Bank for Financing Infrastructure and Development (NaBFID). The total value of the shares pledged by Swan Engitech Works Private Limited amounts to approximately ₹764.30 crores, against an involved amount of ₹1,150 crores, indicating a cover ratio of 0.66.
Impact on Shareholding
Following this creation of encumbrance, the post-event holding of encumbered shares for Swan Engitech Works Private Limited is 3,35,00,000 shares, representing 10.69% of the total share capital of Swan Corp Limited. The company has also noted that the encumbered shares represent 87.23% of Swan Engitech Works Private Limited’s total holding in Swan Corp Limited.
Source: BSE
