Dave Impex Private Limited has created a pledge on 49,00,000 equity shares of Swan Corp Limited with Kotak Mahindra Bank Limited on 30th March, 2026. The pledge serves as security for a financial facility obtained by a group entity. Following this transaction, Dave Impex's total encumbered shareholding in Swan Corp has increased to 1,88,91,000 shares, representing 6.03% of the total share capital, while maintaining its overall holding of 4,60,30,400 shares (14.68%).

Dave Impex Creates Pledge on 49,00,000 Swan Corp Shares with Kotak Mahindra Bank

Dave Impex Private Limited has formally disclosed the creation of a pledge on 49,00,000 equity shares of Swan Corp Limited under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made on 30th March, 2026, to both the National Stock Exchange and BSE Limited, where Swan Corp shares are listed.

Pledge Creation Details

The pledge arrangement involves Kotak Mahindra Bank Limited as the beneficiary entity and serves as security for a financial facility obtained by a group entity. The transaction represents a strategic financial arrangement within the corporate group structure.

Parameter: Details Pledged Shares: 49,00,000 equity shares Percentage of Total Capital: 1.56% Pledge Date: 30th March, 2026 Beneficiary: Kotak Mahindra Bank Limited Purpose: Security for group entity financial facility

Updated Shareholding Position

Following this pledge creation, Dave Impex's encumbrance position in Swan Corp has been revised. The company's total encumbered shareholding has increased from the previously encumbered 1,39,91,000 shares to 1,88,91,000 shares, representing 6.03% of Swan Corp's total share capital.

Shareholding Metric: Before Pledge After Pledge Total Holding: 4,60,30,400 shares (14.68%) 4,60,30,400 shares (14.68%) Previously Encumbered: 1,39,91,000 shares (4.46%) - Total Encumbered: - 1,88,91,000 shares (6.03%)

Other Promoter Encumbrances

The disclosure also provides information about other promoters' existing encumbrances that remain unchanged from this reporting event:

Swan Realtors Private Limited: Holds 4,15,89,000 shares (13.27%) with 3,00,00,000 shares (9.57%) encumbered

Swan Engitech Works Private Limited: Holds 3,84,02,858 shares (12.25%) with 1,35,00,000 shares (4.30%) encumbered

Regulatory Compliance

The disclosure was signed by Parool Merchant, Director of Dave Impex Private Limited (DIN: 01668134), ensuring compliance with SEBI regulations. The company noted that the encumbrance falls within prescribed threshold limits, making Annexure-II disclosure not applicable for this transaction. This pledge creation reflects ongoing financial arrangements within the corporate group while maintaining transparency through proper regulatory disclosures.

Multiple promoter entities of Swan Corp Limited have disclosed significant pledge creations under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The latest comprehensive disclosure reveals Swan Realtors Private Limited and Swan Engitech Works Private Limited have pledged a combined 4,35,00,000 equity shares, representing 13.88% of total promoter shareholding.

Consolidated Pledge Details

The detailed encumbrance disclosure shows both promoter entities created pledges on 24th March, 2026, in favor of IDBI Trusteeship Services Limited as security for financial facility obtained by group entity. The comprehensive filing provides complete transparency on the extent of encumbrances across promoter holdings.

Promoter Entity: Shares Pledged Individual Holding Pledge Percentage Swan Realtors Private Limited: 3,00,00,000 shares 4,15,89,000 shares 72.13% Swan Engitech Works Private Limited: 1,35,00,000 shares 3,84,02,858 shares 35.15% Combined Total: 4,35,00,000 shares 7,99,91,858 shares 54.38%

Promoter Shareholding Structure

The disclosure reveals total promoter shareholding in Swan Corp Limited stands at 16,91,48,000 shares, representing 53.96% of total share capital. The cumulative shareholding of both pledging entities amounts to 7,99,91,858 shares, constituting 25.52% of total share capital.

Parameter: Details Total Promoter Shareholding: 16,91,48,000 shares (53.96%) Combined Entity Shareholding: 7,99,91,858 shares (25.52%) Total Pledged Shares: 4,35,00,000 shares Pledge as % of Total Promoter Holding: 13.88%

Security and Financial Arrangements

The encumbrance serves as security for financial facility sanctioned to group entity, with IDBI Trusteeship Services Limited acting as security trustee. The arrangement involves Swan Corp Limited, the pledging entities, and Swan Defence and Heavy Industries Limited as part of the comprehensive security structure. National Bank for Financing Infrastructure and Development (NaBFID) serves as the lender in this arrangement.

Financial Parameter: Amount Value of Pledged Shares: Rs. 1,469.87 crores Amount Secured: Rs. 1,150.00 crores Security Cover Ratio: 1.28 Purpose: Securing Financial Facility for Group Entity

Regulatory Compliance

The disclosure confirms that Swan Realtors Private Limited's encumbrance exceeds 50% of its individual shareholding at 72.13%, while the combined encumbrance of both entities surpasses 50% of their total holding in Swan Corp Limited at 54.38%. However, the pledged shares remain below 20% of total share capital, ensuring compliance with regulatory thresholds. The filing was signed by Paresh Vasantlal Merchant, Director (DIN: 00660027), maintaining full regulatory compliance under SEBI guidelines.

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