Corporate Governance27 May 2026, 09:22 pm
Swan Defence: Jignesh Shah Appointed CFO, Plans ₹4,000 Cr Fundraise
AI Summary
Swan Defence and Heavy Industries Ltd announced the appointment of Jignesh Shah as Chief Financial Officer effective May 28, 2026, following the resignation of Rajesh Bhardwaj. The company's board approved the audited financial results for the year ended March 31, 2026, and plans to raise up to ₹4,000 crores through various means including QIP, debt issue, or preferential issue. The 29th Annual General Meeting is scheduled for September 2, 2026, via video conferencing. Mahajan & Aibara, Chartered Accountants LLP, were re-appointed as Internal Auditors for FY 2026-27.
Key Highlights
- Jignesh Shah appointed as CFO of Swan Defence effective May 28, 2026.
- Board approved audited financial results (standalone and consolidated) for FY26.
- Swan Defence plans to raise up to ₹4,000 crores via multiple routes.
- 29th AGM scheduled for September 2, 2026, via video conferencing.
- Mahajan & Aibara re-appointed as Internal Auditors for FY 2026-27.
Price Impact
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