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Swan Defence and Heavy Industries has secured a contract from Denmark-based towage operator Svitzer A/S to construct four advanced TRAnsverse 3200 tugs. Deliveries for the order are scheduled to commence in early 2028. The contract follows an extensive competitive evaluation of leading global shipyards. The high specification vessels will be constructed to Bureau Veritas class. Co-developed by naval architects Robert Allan and Svitzer, the patented TRAnsverse 3200 design is engineered for complex harbour towage and escort operations. Featuring a unique hydrodynamic hull design and omni-directional propulsion, the vessels are capable of safely guiding large ships through severe weather and restricted port channels. Delivering an 80-tonne bollard pull, the TRAnsverse design is up to 15% more fuel efficient than conventional tug designs, directly supporting global maritime decarbonization goals.

Swan Defence & Heavy Industries will hold a meeting of the Board of Directors of the Company on 11 August 2026.

Swan Defence & Heavy Industries announced that the 29th Annual General Meeting(AGM) of the company will be held on 2 September 2026.

Net Loss of Swan Defence and Heavy Industries reported to Rs 142.22 crore in the quarter ended March 2026 as against net loss of Rs 22.89 crore during the previous quarter ended March 2025. Sales rose 4712.22% to Rs 236.28 crore in the quarter ended March 2026 as against Rs 4.91 crore during the previous quarter ended March 2025.For the full year,net loss reported to Rs 225.97 crore in the year ended March 2026 as against net loss of Rs 181.04 crore during the previous year ended March 2025. Sales rose 3913.37% to Rs 282.14 crore in the year ended March 2026 as against Rs 7.03 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales236.284.91 4712 282.147.03 3913 OPM %-105.98-192.26 --109.79-1535.85 - PBDT-124.64-4.74 -2530 -162.64-117.94 -38 PBT-142.15-20.66 -588 -225.91-178.82 -26 NP-142.22-22.89 -521 -225.97-181.04 -25 Powered by Capital Market - Live News

Swan Defence & Heavy Industries will hold a meeting of the Board of Directors of the Company on 27 May 2026.