StockWatch
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Other Textile Products
Shareholding16 Oct 2026, 10:28 am

Swan Corp: Promoter Swan Engitech Encumbers 6.86% Shares

AI Summary

Swan Corp Limited has announced that its promoter, Swan Engitech Works Private 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 shares are pledged in favor of IDBI Trusteeship Services Limited, with National Bank for Financing Infrastructure and Development (NaBFID) as the lender. This action impacts Swan Engitech's holding, which was 12.25% of Swan Corp's total share capital prior to this event. The disclosure was made on October 15, 2026, in compliance with SEBI regulations.

Key Highlights

  • Promoter Swan Engitech encumbered 2.15 Cr shares (6.86% of total capital).
  • Encumbrance is a pledge for a group entity's financial facility.
  • IDBI Trusteeship Services is the beneficiary of the pledge.
  • NaBFID is the lender for the financial facility.
  • Disclosure made as per SEBI (SAST) Regulations, 2011.