Swan Defence and Heavy Industries Limited (SWANDEF) — Financial Results | 27 May 2026 (5 announcements)

Swan Defence and Heavy Industries Limited reported audited consolidated revenue of ₹36.63 crore for FY2026, resulting in a net loss of [amount not verified] after tax, with total assets of [amount not verified]. The board approved the financials and auditor's unmodified opinion, while restructuring plans include amalgamation with TOPL and issuance of 8% preference shares. A fund-raising resolution enabling up to ₹4,000 crores was passed, subject to shareholder approval, and CFO Rajesh Bhardwaj resigned effective 27 May 2026, succeeded by Jignesh Shah on 28 May 2026.

Swan Defence and Heavy Industries Limited reported a consolidated net loss of INR 22,590.91 lakhs for FY2026, driven by a book loss of INR 26,200 lakhs from the sale of five offshore vessels, though revenue reached INR 1,754.08 lakhs. The company secured an unmodified audit opinion and plans a fund raise of up to INR 4,000 crores, with Jignesh Shah appointed as new CFO effective 28 May 2026.

Swan Defence and Heavy Industries Limited announced on 27 May 2026 that its board approved audited FY2026 results showing a book loss of ₹26,200 lakhs from offshore vessel sales, while reappointing N. N. Jambusaria & Co. as auditors and appointing Jignesh Shah as new CFO effective 28 May 2026, alongside raising up to ₹4,000 crores through securities.

Swan Defence and Heavy Industries Limited reported a landmark turnaround with total income of ₹440 crores for FY26 versus ₹17.5 crores in FY25, reflecting a record performance under new management.

Swan Defence and Heavy Industries Limited reported audited consolidated revenue of ₹36,634.45 crores for FY2025-26, ending March 31, 2026, reflecting a significant year-on-year increase from ₹1,096.75 crores. The company posted a net loss of ₹18,214.97 lakhs after extraordinary items, compared to a loss of ₹3,388.48 lakhs in the prior year. Total assets and liabilities stood at ₹31,671.93 crores, with cash and cash equivalents of ₹40,170 lakhs. The auditor issued an unmodified opinion, confirming financial accuracy, while noting a proposed scheme of arrangement involving capital reduction and amalgamation with TOPL. An enabling resolution was passed to raise up to ₹4,000 crores through debt and equity instruments, subject to shareholder approval. CFO Rajesh Bhardwaj resigned effective May 27, 2026, and Jignesh Shah was appointed as the new CFO effective May 28, 2026, bringing 27 years of financial leadership experience. The company emphasized its focus on shipbuilding and repair, with a one-time loss of ₹26,200 lakhs recognized from the sale of five offshore vessels.