Board Meeting27 May 2026, 09:41 pm
Swan Defence to Raise ₹4,000 Cr via Securities Issuance
AI Summary
Swan Defence and Heavy Industries Ltd announced the reconstitution of its Risk Management Committee effective May 28, 2026. The Board approved the audited standalone and consolidated financial results for the year ended March 31, 2026, with an unmodified opinion from the auditors. The company plans to raise up to ₹4,000 crores through various means, including QIP, debt issue, or other permissible modes, subject to shareholder and regulatory approvals. Other key decisions included the re-appointment of M/s Mahajan & Aibara as Internal Auditors for FY 2026-27, convening the AGM on September 2, 2026, and changes in key management personnel.
Key Highlights
- Swan Defence plans to raise up to ₹4,000 Cr via securities issuance.
- Audited financial results (standalone and consolidated) for FY26 approved.
- Mr. Jignesh Shah appointed as the Chief Financial Officer w.e.f. May 28, 2026.
- Risk Management Committee reconstituted effective May 28, 2026.
- 29th Annual General Meeting scheduled for September 2, 2026.
Price Impact
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