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Swan Defence & Heavy Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 May 2026.

Swan Defence and Heavy Industries (SDHI) has secured a Category 4 order (valued between Rs 1,500 crore to Rs 3,000 crore) from Energy ONE for the construction of four (4) 92,500 DWT dual-fuel ammonia bulk carriers - marking a first for the country. These will be the first ammonia dual-fuel ships built in India and are also among the largest commercial vessels ever to be built at an Indian shipyard, representing a significant step forward in both technological capability and scale for the domestic shipbuilding industry. This milestone underscores SDHI`s growing capability to execute complex, next-generation shipbuilding programs aligned with the global transition toward lower-emission shipping. Measuring 229.5m in length with a beam of 37m, each of the dual-fuel vessels will be equipped with ammonia-fuelled propulsion system. The vessels will be designed by KMS-EMEC, South Korea and classed by Det Norske Veritas (DNV) - one of the leading Class societies in the world. Commenting on the development, Vivek Merchant, Director, Swan Defence and Heavy Industries (SDHI), said, �Winning this project is an important step forward for us. It reflects the confidence global stakeholders are placing in Indian shipbuilding, and in the capabilities, we have developed at Pipavav. Ammonia as a marine fuel is still at an early stage, and we are proud to be part of that transition - building vessels that are not just relevant for today but aligned with where the industry is heading.� The first vessel is expected to be delivered in October 2029, with subsequent deliveries scheduled at four-month intervals.

Swan Defence and Heavy Industries (SDHI), will complete five (5) Offshore Support Vessels (OSVs) for Kakinada based San Maritime India. San Maritime has begun the docking of the vessels at SDHI`s shipyard in Pipavav for completion under IR Class and subsequently cater to the demands of the offshore industry. The completion of these five OSVs of San Maritime will strengthen Indian-flag tonnage & offshore capability; create maritime jobs, reinforcing the Government of India`s vision of advancing indigenous self-reliant shipbuilding through targeted financial assistance and incentive schemes. The commencement of the project will support local vendors & service providers of the shipbuilding ecosystem. The hulls were acquired by SDHI as a part of the acquisition plan of Reliance Naval and Engineering (RNEL) through NCLT. The hulls were subsequently acquired by San Maritime from SDHI. While the construction of the vessels originally started during the previous regime, the revived shipyard will complete the vessels, highlighting the operational readiness and executional capabilities under the new leadership. Located on the west coast of India, the shipyard offers unmatched shipbuilding capabilities including the country`s largest dry dock (662m x 65m), wet basin (340m x60m) and 1.2km dedicated waterfront for berthing, docking, and launching of vessels. Powered by Capital Market - Live News

Swan Defence and Heavy Industries (SDHI) has secured a prestigious defence export order from the Government of Sultanate of Oman to supply a state-of-the-art training ship. The vessel that will support the Royal Navy of Oman`s (RNO) advanced naval training and maritime operations, is expected to be delivered within 18 months. This landmark export order from Oman, reinforces India`s indigenous shipbuilding capabilities and its growing stature as a global maritime hub. It further strengthens the deep-rooted bilateral relations and maritime cooperation between the two countries. Measuring 104.25 m in length, with a beam of 13.88 m and displacement of up to 3500 T, the training vessel will be equipped with modern classrooms, training offices and accommodation facilities. It will house an auditorium to provide a world-class learning environment at sea for up to 70 officer cadets. The vessel will feature a state-of-the-art navigation system, an advanced communications suite, and the capability to conduct helicopter operations. Powered by Capital Market - Live News

Net Loss of Swan Defence and Heavy Industries reported to Rs 33.11 crore in the quarter ended December 2025 as against net loss of Rs 53.35 crore during the previous quarter ended December 2024. Sales rose 406.03% to Rs 5.87 crore in the quarter ended December 2025 as against Rs 1.16 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales5.871.16 406 OPM %-341.40-3160.34 - PBDT-17.58-38.27 54 PBT-33.11-53.35 38 NP-33.11-53.35 38 Powered by Capital Market - Live News