Swan Realtors Private Limited, a promoter entity of Swan Corp Limited, has created an encumbrance (pledge) on 3,00,00,000 equity shares, representing 9.57% of the target company’s total capital. The pledge was executed on March 24, 2026, to secure a financial facility obtained by a Group entity. Following this action, the promoter’s total encumbered holding stands at 9.57%, while other promoter group entities also have significant pledged holdings detailed in the annexures.
Disclosure of Promoter Share Encumbrance
Swan Realtors Private Limited, a promoter entity of Swan Corp Limited (Target Company), has formally reported the creation of an encumbrance on its shareholding. This disclosure pertains to the transfer of shares to a third party as security, aligning with regulatory requirements dated March 26, 2026.
Details of the New Encumbrance
The primary event involves the pledge of shares by Swan Realtors Private Limited on March 24, 2026. The details are as follows:
- Shares Pledged: 3,00,00,000 equity shares.
- Percentage of Capital: This represents 9.57% of the total share capital of Swan Corp Limited.
- Reason for Encumbrance: The pledge was made to provide Security for financial facility obtained by a Group entity.
- Beneficiary: The shares were pledged in favor of IDBI Trusteeship Services Limited.
- Pre-Event Holding: Swan Realtors Private Limited held 4,15,89,000 shares (13.27%) prior to this creation event.
Overall Promoter Group Encumbrance Status
The filing also provided a summary of encumbrances held by other promoter entities, demonstrating the consolidated impact across the group:
Dave Impex Private Limited
This entity holds an already encumbered position. Prior to the reporting event, its holding was 1,39,91,000 shares, equating to 4.46% of the total capital. Its initial total holding was 4,60,30,400 shares (14.68%).
Swan Engitech Works Private Limited
This entity also has an existing encumbrance, holding 1,35,00,000 shares, which accounts for 4.30% of the capital. Its total initial holding stood at 3,84,02,858 shares (12.25%).
The document confirms that the disclosure pertains only to the event involving Swan Realtors Private Limited, as annexures for the other entities indicate no further creation, release, or invocation occurred during this reporting period, and they are within prescribed threshold limits.
Source: BSE
