Announcement • Jun 19
Swan Defence and Heavy Industries Limited Announces Change in Corporate Office in Mumbai Swan Defence and Heavy Industries Limited announced that the Board of Directors of the Company vide its resolution of even date effective June 19, 2026, has approved sifting of the Corporate Office of the Company from Vakils House, 1st Floor, Shri Shivsagar Ramgulam Marg, Ballard Estate, Mumbai - 400001 to Uttam House, 3rd Floor, Plot No. 69, P D’Mello Road, Carnac Bunder, Mumbai – 400009. Swan Defence and Heavy Industries Limited stated that the change in the Corporate Office is for administrative and operational convenience. Swan Defence and Heavy Industries Limited confirmed that there is no change in the Registered Office of the Company. Reported Earnings • May 28
Full year 2026 earnings released: ₹42.88 loss per share (vs ₹51.64 loss in FY 2025) Full year 2026 results: ₹42.88 loss per share. Revenue: ₹4.40b (up ₹4.33b from FY 2025). Net loss: ₹2.26b (loss widened 25% from FY 2025). Announcement • May 28
Swan Defence and Heavy Industries Limited, Annual General Meeting, Sep 02, 2026 Swan Defence and Heavy Industries Limited, Annual General Meeting, Sep 02, 2026, at 11:30 Indian Standard Time. Announcement • May 19
Swan Defence and Heavy Industries Limited to Report Q4, 2026 Results on May 27, 2026 Swan Defence and Heavy Industries Limited announced that they will report Q4, 2026 results on May 27, 2026 Announcement • Feb 22
Swan Defence and Heavy Industries Limited Announces Resignation of Independent Director Ashishkumar Bairagra, Effective February 20, 2026 Swan Defence and Heavy Industries Limited announced that Mr. Ashishkumar Bairagra (DIN: 00049591) has tendered his resignation from the position of Independent Director with effect from February 20, 2026. The resignation was due to personal difficulty at this point in time. Mr. Ashishkumar Bairagra has confirmed that there are no other material reasons for his resignation other than those mentioned in his resignation letter. Mr. Ashishkumar Bairagra does not hold directorship in any listed entity. Reported Earnings • Feb 06
Third quarter 2026 earnings released: ₹6.28 loss per share (vs ₹10.13 loss in 3Q 2025) Third quarter 2026 results: ₹6.28 loss per share (improved from ₹10.13 loss in 3Q 2025). Net loss: ₹331.1m (loss narrowed 37% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 164 percentage points per year, which is a significant difference in performance. Announcement • Jan 28
Swan Defence and Heavy Industries Limited to Report Q3, 2026 Results on Feb 04, 2026 Swan Defence and Heavy Industries Limited announced that they will report Q3, 2026 results on Feb 04, 2026 New Risk • Dec 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹3.61b (US$40.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹3.61b market cap, or US$40.0m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: ₹3.77 loss per share (vs ₹10.13 loss in 2Q 2025) Second quarter 2026 results: ₹3.77 loss per share (improved from ₹10.13 loss in 2Q 2025). Net loss: ₹198.6m (loss narrowed 63% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance. Announcement • Nov 07
Swan Defence and Heavy Industries Limited to Report Q2, 2026 Results on Nov 12, 2025 Swan Defence and Heavy Industries Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Announcement • Aug 04
Swan Defence and Heavy Industries Limited, Annual General Meeting, Sep 24, 2025 Swan Defence and Heavy Industries Limited, Annual General Meeting, Sep 24, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2026 earnings released: ₹5.84 loss per share (vs ₹192 loss in 1Q 2025) First quarter 2026 results: ₹5.84 loss per share (improved from ₹192 loss in 1Q 2025). Net loss: ₹311.7m (loss narrowed 39% from 1Q 2025). Board Change • Jul 28
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Independent Director Arun Sinha is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 24
Swan Defence and Heavy Industries Limited to Report Q1, 2026 Results on Aug 01, 2025 Swan Defence and Heavy Industries Limited announced that they will report Q1, 2026 results on Aug 01, 2025 Reported Earnings • May 24
Full year 2025 earnings released: ₹51.51 loss per share (vs ₹22.89 loss in FY 2024) Full year 2025 results: ₹51.51 loss per share (further deteriorated from ₹22.89 loss in FY 2024). Net loss: ₹1.82b (loss widened 51% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. Announcement • May 14
Swan Defence and Heavy Industries Limited to Report Q4, 2025 Results on May 23, 2025 Swan Defence and Heavy Industries Limited announced that they will report Q4, 2025 results on May 23, 2025 Reported Earnings • Feb 10
Third quarter 2025 earnings released: ₹10.13 loss per share (vs ₹101 loss in 3Q 2024) Third quarter 2025 results: ₹10.13 loss per share. Net loss: ₹528.7m (loss widened 93% from 3Q 2024). Announcement • Jan 31
Swan Defence and Heavy Industries Limited to Report Q3, 2025 Results on Feb 07, 2025 Swan Defence and Heavy Industries Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Board Change • Jan 22
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Independent Director Arun Sinha is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 28
Reliance Naval and Engineering Limited, Annual General Meeting, Dec 27, 2024 Reliance Naval and Engineering Limited, Annual General Meeting, Dec 27, 2024, at 11:30 Indian Standard Time. Announcement • Nov 22
Reliance Naval and Engineering Limited Announces CFO Changes Reliance Naval and Engineering Limited announced that at the board meeting held on November 22, 2024 approved the resignation of Mr. Rishi Chopra as the Chief Financial Officer with effect from close of November 22, 2024, on account of internal reorganization within the group; and approved appointment of Mr. Rajesh Bhardwaj as the Chief Financial Officer with effect from November 23, 2024. Brief profile: Mr. Rajesh Bhardwaj, a seasoned finance professional with over 28 years of experience in Treasury, Finance, Accounts, Taxation, and Commercial operations. A Chartered Accountant and ICWA with a strong academic foundation, Mr. Bhardwaj has demonstrated expertise in strategic financial planning, fundraising, compliance, and business process improvement. He has held leadership roles in reputed organizations, including Vikran Engineering & Exim Pvt Limited., Shapoorji Pallonji & Co., Gammon India Limited, Emco Limited, Atul Limited and Mafatlal Industries Limited where he managed diverse responsibilities such as financial governance, tax compliance, and ERP implementation. Known for his leadership, critical thinking, and negotiation skills, Mr. Bhardwaj is well- positioned to enhance the organization's financial strategy and operational efficiency. Announcement • Oct 18
Reliance Naval and Engineering Limited, Annual General Meeting, Nov 08, 2024 Reliance Naval and Engineering Limited, Annual General Meeting, Nov 08, 2024, at 12:30 Indian Standard Time. Announcement • Oct 11
Reliance Naval and Engineering Limited Approves the Appointment of Rear Admiral Vipin Kumar Saxena as the Chief Executive Officer Reliance Naval and Engineering Limited at the Board Meeting held on October 10, 2024 basis the recommendation of Nomination & Remuneration Committee, approved the appointment of Rear Admiral Vipin Kumar Saxena as the Chief Executive Officer & Key Managerial Personnel of the Company, with effect from October 10, 2024. Rear Admiral V.K. Saxena (Retd.) possesses over 37 years of rich and diverse experience in senior and top management roles in the fields of shipbuilding, ship refits/repairs, technical operations, policy formulation, acquisition programs for warships/submarines, and the execution of civil, industrial, and marine infrastructure projects for the Indian Navy. This includes an illustrious tenure of 5 years as Chairman and Managing Director of Garden Reach Shipbuilders and Engineers Ltd., a premier defense public sector shipyard in the country Experience: Chairman & Managing Director (March 2017 - February 2022), Garden Reach Shipbuilders & Engineers Ltd. Transformed operations, doubling capacity and achieving record growth (95% increase in revenue, 17-fold increase in profits). Oversaw successful stock exchange listing and market cap doubling within three years. Delivered record outputs, including 15 warships, while achieving "Excellent" MOU grading during the pandemic. Additional Director General, Project Seabird, Indian Navy. Led the development of lndia's larger naval base, Project Seabird with a budget of over INR 210 billion. Project Director, ATV Program, DRDO/Indian Navy. Managed India's Nuclear Submarine Construction Program. General Manager (Refit), Naval Dockyard, Indian Navy, Mumbai. Led a workforce of 8,000, overseeing technical operations for ship repairs and modernization. Principal Director (Ship Production), Ministry of Defence. Experience in Naval Dockyards: Over 12 years handling refits and repairs of warships and submarines. His academic background includes a BE in Electrical Engineering and an MSc in Defence Studies. Announcement • Mar 07
Reliance Naval and Engineering Limited Announces Board Changes Reliance Naval and Engineering Limited announced that at its EGM held on March 07, 2024, the shareholders approved the appointment of Mr. Paresh Vasantlal Merchant, Mr. Vivek Paresh Merchant, Mr. Bhavik Nikhil Merchant, Mr. Nikhil Vasantlal Merchant, as directors of the company, Mr. Nikhil Vasantlal Merchant as chairperson and managing director of the company, Mr. Arvind Jayasing Morbale as whole-time director of the company, Mr. Kaiyoze Beji Billimoria, Mrs. Maya Swaminathan Sinha, Mr. Ashishkumar Bairagra, Mr. Arun Sinha, Mr. Prabhakar Reddy Patil as independent directors of the company. Announcement • Feb 08
Reliance Naval and Engineering Limited to Report Q3, 2024 Results on Feb 13, 2024 Reliance Naval and Engineering Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Announcement • Feb 06
Reliance Naval and Engineering Limited Appoints Rishi Chopra as Chief Financial Officer Reliance Naval and Engineering Limited has appointed Mr. Rishi Chopra, as Chief Financial Officer of the Company being Key Managerial Personnel in terms of provisions of Section 203 of the Companies Act, 2013 and Rules made thereunder with effect from February 3, 2023. Mr. Rishi Chopra is a member of the Institute of Chartered Accountants of India and Chartered Financial Analyst (CFA) Institute of USA. He has over 6 years of experience in Finance Accounting, Stock Markets and Stocks. He has expertise in various aspects of corporate finance, Accounts & Taxation, managing and running of all the related activities of a company, including business planning, implementation, financial risk management, budgeting, forecasting, governance, auditing, compliance and internal control. Reported Earnings • Jun 11
First quarter 2021 earnings released: ₹7.94 loss per share (vs ₹5.03 loss in 1Q 2020) First quarter 2021 results: Net loss: ₹5.86b (loss widened 58% from 1Q 2020). Executive Departure • Apr 20
Non-Executive Director has left the company On the 12th of April, Debashis Bir's tenure as Non-Executive Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Debashis' name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Feb 22
New 90-day low: ₹2.55 The company is down 27% from its price of ₹3.50 on 24 November 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₹3.70 The company is up 6.0% from its price of ₹3.50 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Reported Earnings • Oct 22
Full year earnings released - ₹23.87 loss per share Over the last 12 months the company has reported total losses of ₹17.6b, with losses narrowing by 84% from the prior year. Total revenue was ₹883.9m over the last 12 months, down 51% from the prior year. Is New 90 Day High Low • Oct 15
New 90-day low: ₹2.30 The company is down 16% from its price of ₹2.75 on 17 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. 
