StockWatch
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Other Textile Products
Shareholding8 Sept 2026, 10:13 am

Swan Engitech Creates Pledge on 2 Cr Shares

AI Summary

Swan Engitech Works Private Limited, a promoter of Swan Corp Limited, has created an encumbrance by pledging 2,00,00,000 shares, representing 0.64% of the total share capital. This action was taken on September 4, 2026, to provide security for a financial facility obtained by a group entity. The shares were pledged in favor of IDBI Trusteeship Services Limited, with National Bank for Financing Infrastructure and Development (NaBFID) as the lender. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoter Swan Engitech pledged 2 crore shares of Swan Corp.
  • Encumbrance created on September 4, 2026, for group entity's financial facility.
  • Shares pledged to IDBI Trusteeship Services Ltd.
  • Disclosure filed under SEBI Takeover Regulations.