Swan Engitech Works Private Limited has disclosed the creation of a pledge on 3,00,00,000 equity shares, representing 9.57% of the total share capital of Swan Corp Limited. This encumbrance, effective from October 30, 2026, secures a financial facility of Rs. 1,150 crores for a group entity. The shares are pledged in favour of IDBI Trusteeship Services Limited, with the National Bank for Financing Infrastructure and Development (NaBFID) as the lender.
Pledge Creation by Swan Engitech
Swan Engitech Works Private Limited has formally announced the creation of a pledge over a substantial number of shares it holds in Swan Corp Limited. A total of 3,00,00,000 equity shares, equating to 9.57% of Swan Corp Limited’s total share capital, have been encumbered as of October 30, 2026. This move is a part of a broader strategy to secure financial facilities for entities within the group.
Financial Facility Details
The encumbrance of these shares is specifically to provide security for a financial facility amounting to Rs. 1,150 crores. This facility has been sanctioned to a group entity, highlighting the interconnected financial operations within the Swan Engitech group. The pledge is made in favour of IDBI Trusteeship Services Limited, acting as the security trustee. The ultimate lender for this facility is the National Bank for Financing Infrastructure and Development (NaBFID), identified as a Public Financial Institution.
Shareholding Context
Prior to this pledge creation, Swan Engitech Works Private Limited held 3,84,02,858 shares in Swan Corp Limited, representing 12.25% of the total share capital. The newly pledged 3,00,00,000 shares mean that 78.12% of Swan Engitech’s holding in Swan Corp Limited is now encumbered. Following the pledge, Swan Engitech’s unencumbered shareholding in Swan Corp Limited stands at 84,02,858 shares, or 2.69% of the total share capital.
Source: BSE
