StockWatch
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Ship Building & Allied Services
Board Meeting27 May 2026, 09:51 pm

Swan Defence to Raise ₹4,000 Cr via Securities Issuance

AI Summary

Swan Defence and Heavy Industries Ltd's board approved the audited financial results for the year ended March 31, 2026, and considered the auditors' report. The company plans to raise up to ₹4,000 crores through various securities issuances, subject to shareholder and regulatory approvals. The 29th Annual General Meeting is scheduled for September 2, 2026, via video conferencing. The register of members will be closed from August 27, 2026, to September 2, 2026, for the AGM. There were also management changes with the resignation of Mr. Rajesh Bhardwaj and appointment of Mr. Jignesh Shah as CFO.

Key Highlights

  • Approved audited financial results for the year ended March 31, 2026.
  • Plans to raise up to ₹4,000 crores through securities issuance.
  • 29th Annual General Meeting scheduled for September 2, 2026, via VC.
  • Register of Members closed from August 27 to September 2, 2026.
  • Mr. Rajesh Bhardwaj resigned, and Mr. Jignesh Shah appointed as CFO.