Swan Defence and Heavy Industries Limited (SWANDEF) — Corporate Action | 23 April 2026 (2 announcements)

Swan Defence and Heavy Industries Limited announced a scheme of amalgamation with Triumph Offshore Private Limited, seeking shareholder approval via e-voting for a May 25, 2026 video conference meeting. The proposal involves merging TOPL into Swan Defence, restructuring capital, and issuing preference shares to TOPL shareholders at a ratio of 1325 preference shares per 1000 equity shares. Shareholders must register by May 18, 2026, to vote remotely or speak at the meeting, with results to be published within two working days and reported to NCLT within seven days. The board unanimously approved the merger, citing operational synergies and financial clarity.

Swan Defence and Heavy Industries Limited (SWANDEF) convened a shareholders' meeting on May 25, 2026, to approve a scheme of amalgamation with Triumph Offshore Private Limited. The meeting, held via video conference with remote e-voting from May 22 to 24, required shareholder registration by May 18. Shareholders voted on the scheme, which involves capital reduction and regulatory approvals from NCLT and SEBI. The Board was authorized to implement the scheme, including modifications and document execution. The transaction aims to consolidate operations and expand into defense and offshore sectors.