Swan Defence and Heavy Industries promoter to sell 26 lakh shares at Rs 2,393 via OFS

Kinjal — Tue, 17 Mar 2026 14:14:58 +0000

Swan Defence and Heavy Industries Limited (SDHI) has announced that its promoter, Hazel Infra Limited, intends to sell up to 26,38,747 equity shares of the company through an Offer for Sale (OFS) mechanism. The proposed transaction is scheduled to take place on the 18th and 19th of March, 2026.

The shares are to be sold at the current market price of ₹2393.95 per share, as recorded on the Bombay Stock Exchange (BSE) on the 16th of March, 2026. Hazel Infra Limited, which holds 5,00,00,000 shares of SDHI, has submitted the necessary application for pre-clearance approval in accordance with the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018.

The transaction will be conducted through the stock exchange mechanism, ensuring transparency and compliance with regulatory requirements. Hazel Infra Limited has also provided an undertaking, confirming that it is not in possession of any unpublished price-sensitive information at the time of the application.

The sale of these shares is part of Hazel Infra Limited’s strategic decision to divest its holdings in SDHI. The compliance officer of SDHI has been informed, and all necessary documentation for pre-clearance has been submitted for review.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Kinjal and reviewed by Markets Desk before publication.

Chetan Selarka | Business Upturn

Swan Defence and Heavy Industries promoter to sell 26 lakh shares at Rs 2,393 via OFS