Board Meeting27 May 2026, 09:21 pm
Swan Defence to Raise Up to ₹4,000 Cr
AI Summary
Swan Defence and Heavy Industries Ltd board approved raising funds up to ₹4,000 crores through issuance of securities via Qualified Institutions Placement, Debt Issue, Preferential Issue or other permissible modes. The board also approved the audited financial results for the year ended March 31, 2026, and re-appointed M/s Mahajan & Aibara as Internal Auditors. Mr. Rajesh Bhardwaj resigned as CFO, and Mr. Jignesh Shah was appointed as the new CFO.
Key Highlights
- Swan Defence plans to raise up to ₹4,000 Cr via multiple routes.
- Audited financial results for FY26 were approved by the board.
- Jignesh Shah appointed as the Chief Financial Officer w.e.f. May 28, 2026.
- Rajesh Bhardwaj resigned as CFO w.e.f. close of business hours on May 27, 2026.
- 29th Annual General Meeting scheduled for September 2, 2026.
Price Impact
More from RNAVAL