Swan Defence and Heavy Industries | Business Upturn

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 Hazel Infra Limited has also provided an undertaking, confirming that it is not in possession of any unpublished price-sensitive information at the time of the application.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.

Swan Defence and Heavy Industries shares hit 5% upper circuit after signing Teaming Agreement with MDL

Aman Shukla — Wed, 29 Oct 2025 04:10:38 +0000

Swan Defence and Heavy Industries Limited (SDHI) shares hit the 5% upper circuit on Wednesday after the company announced that it has signed an exclusive Teaming Agreement (TA) with Mazagon Dock Shipbuilders Limited (MDL), a Navratna PSU under the Ministry of Defence.

The collaboration focuses on the design and construction of advanced Landing Platform Docks (LPDs) for the Indian Navy, a major defence acquisition recently approved by the Defence Acquisition Council (DAC). The LPDs are crucial for enhancing the Navy’s capability in power projection, amphibious warfare, and humanitarian assistance and disaster relief (HADR) missions.

As part of the agreement, MDL will bring its proven expertise in ship design, system integration, and project management, while Swan Defence will utilize its modern shipbuilding infrastructure — the largest in India — to construct the vessels.

The partnership is expected to mark a significant step towards India’s self-reliance in defence manufacturing under the ‘Make in India’ initiative.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

SDHI and MDL sign exclusive Teaming Agreement to build Landing Platform Docks for Indian Navy

Aman Shukla — Tue, 28 Oct 2025 10:49:31 +0000

Mazagon Dock Shipbuilders Limited (MDL), a Navratna company under the Ministry of Defence, signed an exclusive Teaming Agreement (TA) with Swan Defence and Heavy Industries Limited (SDHI) — India’s largest shipbuilding and heavy fabrication company. The partnership aims to collaborate on the design and construction of advanced Landing Platform Docks (LPDs) for the Indian Navy.

The Defence Acquisition Council (DAC) recently approved the acquisition of these LPDs, which will significantly strengthen the Navy’s capability to project power, conduct amphibious operations, and carry out humanitarian assistance and disaster relief (HADR) missions.

Under this agreement, MDL will contribute its deep expertise in ship design, project management, and system integration, while SDHI will leverage its state-of-the-art shipbuilding infrastructure — the largest in India — to construct the vessels. Together, both companies will combine their technical and financial strengths to deliver next-generation LPDs that meet the Navy’s strategic requirements.

This collaboration represents a major milestone in India’s defence manufacturing ecosystem, aligning with the government’s vision of Public–Private Partnership (PPP) and the ‘Atmanirbhar Bharat’ initiative. By merging the efficiency and cost-effectiveness of the private sector with the proven reliability and quality of a leading public sector enterprise, the partnership is expected to reduce build times, enhance quality, and deliver cost-efficient results for the Indian Navy’s modernization efforts.