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Swan Defence and Heavy Industries Limited, formerly Reliance Naval and Engineering Limited, will hold a board meeting on Monday, 12th October 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026. The trading window for dealing in securities of the company will remain closed for designated persons and their immediate relatives from 1st October 2026 and will reopen 48 hours after the declaration of the financial results.

Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, will close its trading window for designated employees and their immediate relatives from October 1, 2026, in accordance with the company’s code of conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will reopen 48 hours after the announcement of the unaudited financial results for the quarter and half year ended September 30, 2026, to the stock exchanges, and designated persons have had their PANs frozen at the security level.

Swan Defence and Heavy Industries Limited, formerly Reliance Naval and Engineering Limited, and Triumph Offshore Private Limited have filed a certified copy of the National Company Law Tribunal’s order approving their Scheme of Arrangement and Amalgamation with the Registrar of Companies, making the scheme effective from September 17, 2026, with an appointed date of April 1, 2024.

Swan Defence and Heavy Industries Ltd share price slipped 1.49% to Rs 2584.8 after the company`s net profit plunged by 70.68% to Rs 41.68 crore, while revenue from operations nosedived 87.05% to Rs 30.61 crore in Q2FY26 over Q1FY26. The market capitalization of Ship Building & Allied Services industry group stocks on BSE stood at Rs 1.55 lakh crore, crashing by 18.05%. It has inched up 6.50% over last one week and crept higher by 0.43% in last one month while the market capitalization of Swan Defence and Heavy Industries Ltd has marginally improved by 1.83% and 34.82% in the same period respectively. Profit before tax (PBT) of Swan Defence and Heavy Industries Ltd stood at Rs 41.68 crore in Q2 FY26, rallying 35.37% year-on-year, and nosediving by 70.68% quarter-on-quarter. EBITDA came in at Rs 32 crore, tanking 35.57% YoY and plunging by 91.61% sequentially. Total expenses slumped by 86.76% to Rs 66.73 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 0.45 crore, slumping by 80.43% YoY, while employee benefits expense was at Rs 12.36 crore, jumping 23.23% YoY. For the TTM ended FY26, revenue from operations remained flat to Rs 7.03 crore, while net profit surged by 49.18% to Rs 181.04 crore, compared to previous TTM. EBITDA tumbled by 4001% to Rs 118.47 crore, and PBT surged 49.18% to Rs 181.04 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 96.21 crore in FY26, as against Rs 70.15 crore in FY25. Swan Defence and Heavy Industries Ltd jumped 594.19% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 3.04% during the same period.

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.