Swan Defence Share Price in Focus; Promoter Hazel Infra Considers 5.01% OFS to Meet Minimum Public Shareholding

Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, has announced that its promoter, Hazel Infra Limited, is considering selling 5.01% of its equity shares through an Offer for Sale (OFS) mechanism.  

This move is aimed at achieving the Minimum Public Shareholding (MPS) requirement. 

Details of the Proposed Offer for Sale 

On March 9, 2026, Swan Defence communicated that Hazel Infra Limited, a promoter of the company, is evaluating a proposal to sell approximately 5.01% of its equity shares.  

The sale is intended to be conducted through the stock exchange mechanism, adhering to the guidelines set by the Securities and Exchange Board of India (SEBI). 

The primary objective of this potential sale is to meet the regulatory requirement for Minimum Public Shareholding.  

As per the SEBI regulations, listed companies are required to maintain a certain level of public shareholding to ensure a diverse shareholder base. 

Regulatory Compliance and Next Steps 

The company has stated that the proposal is currently under evaluation. Swan Defence has assured that further disclosures will be made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, once the promoter provides final confirmation. 

Background of Swan Defence and Heavy Industries Limited 

Swan Defence, previously known as Reliance Naval and Engineering Limited, is headquartered at Pipavav Port in Gujarat, with its corporate office located in Mumbai.  

The company has undergone significant changes in recent years, including a rebranding and strategic realignment. 

Read More: Paras Defence Secures ₹80.28 Crore DRDO Order for Optical System Development! 

Swan Defence and Heavy Industries Share Price Performance 

 As of March 10, 2026, at 11:31 AM, Swan Defence and Heavy Industries share price on NSE was trading at ₹1,935.00 down by 4.25% from the previous closing price. 

Conclusion 

The potential sale of 5.01% equity shares by Hazel Infra Limited marks a significant step for Swan Defence in meeting the Minimum Public Shareholding requirements. The company is committed to adhering to SEBI regulations and will provide updates as the proposal progresses. 

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