Swan Engitech Works Private Limited has disclosed the creation of a pledge on 2,00,00,000 equity shares, representing 0.64% of the total share capital of Swan Corp Limited. This encumbrance was created on September 4, 2026, as security for a financial facility obtained by a group entity. The shares are pledged in favor of IDBI Trusteeship Services Limited, with the ultimate beneficiary being the National Bank for Financing Infrastructure and Development (NaBFID).
Promoter Encumbers Swan Corp Shares
Swan Engitech Works Private Limited has officially reported the creation of an encumbrance on a substantial number of shares in Swan Corp Limited. The disclosure, made on September 7, 2026, details the pledge of 2,00,00,000 equity shares. These shares constitute 0.64% of the total share capital of Swan Corp Limited.
Details of the Pledge
The pledge was formally created on September 4, 2026. This action is part of a broader encumbrance arrangement for a financial facility secured by a group entity. The shares are held in favor of IDBI Trusteeship Services Limited. The ultimate beneficiary of this financial facility is the National Bank for Financing Infrastructure and Development (NaBFID), a public financial institution.
Encumbrance Context
The total promoter shareholding of Swan Engitech Works Private Limited in Swan Corp Limited is 3,84,02,858 shares, representing 12.25% of the total share capital. Prior to this new pledge, the company already had 1,80,00,000 shares encumbered. With the creation of the new pledge, the total number of encumbered shares by Swan Engitech Works Private Limited now stands at 2,00,00,000 shares, which is 52.08% of its total holding in Swan Corp Limited. The value of shares on the date of the event was approximately ₹1469.87 crores, against which an amount of ₹1,150 crores was involved in the security arrangement.
Source: BSE
