Reliance Naval and Engineering Ltd

Swan Defence and Heavy Industries Limited announced that the Scheme of Amalgamation between Triumph Offshore Private Limited and Swan Defence and Heavy Industries Limited has become effective from September 17, 2026. This follows the approval of the scheme by the National Company Law Tribunal (NCLT) and the subsequent filing of the NCLT order with the Registrar of Companies by both entities. The appointed date for the amalgamation is April 1, 2024. This marks a significant step in the integration of the two companies.

Swan Defence and Heavy Industries Limited conducted its 29th Annual General Meeting (AGM) on September 2, 2026, via Video Conferencing. The meeting, chaired by Mr. Nikhil Merchant, confirmed the quorum with 50 shareholders present online. Key agenda items included the adoption of audited standalone and consolidated financial statements for FY26, and the re-appointment of directors Mr. Vivek Merchant and Mr. Bhavik Merchant. Shareholders actively participated, with the CFO and CEO addressing queries on financial accounts and future business plans. Voting results and the scrutinizer's report will be available on the company and NSDL websites.

Swan Defence and Heavy Industries Limited has received the certified true copy of the order from the National Company Law Tribunal (NCLT), Ahmedabad Bench, approving the Scheme of Arrangement and Amalgamation between Triumph Offshore Private Limited (Transferor Company) and Swan Defence and Heavy Industries Limited (Transferee Company). The approval is under Sections 230-232 of the Companies Act, 2013. The scheme will become effective upon filing the NCLT order with the Registrar of Companies, Ahmedabad. The NCLT order was pronounced on August 6, 2026, and the company received the certified copy on August 25, 2026. The appointed date for the scheme is April 1, 2024.

Swan Defence and Heavy Industries Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the Limited Review Report from the statutory auditors, N. N. Jambusaria & Co. The results were prepared in accordance with Indian Accounting Standard 34 and SEBI Listing Regulations. The company's website will host the detailed financial statements.

Swan Defence and Heavy Industries Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, along with the Limited Review Report from statutory auditors N. N. Jambusaria & Co. The company operates in shipbuilding, repairs, and heavy fabrication, with no separate reportable segments. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations. The amalgamation with TOPL, approved by NCLT Ahmedabad, is pending the issuance of share certificates.

Swan Defence and Heavy Industries Limited has announced its 29th Annual General Meeting (AGM) will be held on September 2, 2026, at 11:30 a.m. IST. The meeting will be conducted via two-way Video Conferencing/Other Audio-Visual Means. Key agenda items include the adoption of audited standalone and consolidated financial statements for the Financial Year 2025-26, the appointment of directors retiring by rotation, and a special business item concerning fund raising through various means like Qualified Institutions Placement and Debt Issue. The notice of the AGM is available on the company's website.

Swan Defence and Heavy Industries Ltd has released its Annual Report for FY 2025-26 and the Notice for its 29th Annual General Meeting (AGM). The AGM will be held on September 2, 2026, via video conferencing. The report highlights a landmark FY26, marked by the successful conclusion of its Corporate Insolvency Resolution Process (CIRP) and prepayment of all outstanding obligations. The company secured its first major commercial shipbuilding order, including dual-fuel ammonia bulk carrier orders and a defence export order for a naval training vessel. The company emphasizes its strengthened position in the Indian and global shipbuilding landscape, driven by government initiatives and a focus on operational capabilities and strategic collaborations. The Annual Report and AGM Notice are available electronically on the company's website.

Swan Defence and Heavy Industries Limited announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench, has sanctioned the Scheme of Arrangement and Amalgamation between Triumph Offshore Private Limited (Transferor Company) and Swan Defence and Heavy Industries Limited (Transferee Company). This order, dated August 6, 2026, follows previous communications and is in accordance with Sections 230-232 of the Companies Act, 2013. The amalgamation will become effective upon filing the certified order copy with the Registrar of Companies. The appointed date for the scheme is April 1, 2024. This move consolidates operations and is expected to streamline corporate structure.

Swan Defence and Heavy Industries Limited has announced a new order from Denmark-based towage operator Svitzer A/S for the construction of four advanced TRAnsverse 3200 tugs. The company has submitted a separate press release regarding this development. It has been confirmed that neither the promoter, promoter group, nor any group companies have any interest in Svitzer A/S, and the contract does not involve related party transactions. This order signifies a business expansion for Swan Defence in the maritime sector.

Swan Defence and Heavy Industries Limited (SDHI) has secured a significant contract from Denmark-based towage operator Svitzer A/S to build four advanced TRAnsverse 3200 tugs. These high-specification vessels, co-developed by Robert Allan Ltd. and Svitzer, are designed for complex harbour towage and escort operations, featuring a unique hull design and omni-directional propulsion for enhanced safety and efficiency. The tugs will be biofuel-ready, meet IMO Tier III emissions standards, and be FiFi1 firefighting class ready, aligning with global decarbonization goals. Deliveries are slated to begin in early 2028. This order, which follows a competitive global evaluation, underscores SDHI's engineering capabilities and strengthens India's position in the global shipbuilding market. It also aligns with India's 'Make in India' and 'Atmanirbhar Bharat' initiatives.