Shareholding16 Oct 2026, 10:50 am
Swan Corp Promoter Encumbers 6.86% Stake for Loan
AI Summary
Swan Engitech Works Private Limited, a promoter of Swan Corp Limited, has created an encumbrance on 2,15,00,000 shares, representing 6.86% of the total share capital. This encumbrance, created on October 13, 2026, is in the form of a pledge to secure a financial facility obtained by a group entity. The lender is National Bank for Financing Infrastructure and Development (NaBFID), and the shares are held in favor of IDBI Trusteeship Services Limited. This action means a significant portion of the promoter's holding is now pledged.
Key Highlights
- Promoter Swan Engitech encumbers 2.15 Cr shares (6.86%) of Swan Corp.
- Encumbrance is a pledge to secure a group entity's financial facility.
- Lender is NaBFID, held via IDBI Trusteeship Services.
- Pledge executed on October 13, 2026.
- Significant portion of promoter holding is now pledged.
Price Impact
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