Meeting Details

  • Date of Meeting: Monday, May 25, 2026
  • Time of Meeting: 10:30 A.M. (IST)
  • Location/Venue: Conducted through Video Conferencing/ Other Audio-Visual Means (VC/OAVM)
  • Type of Meeting: Meeting of Equity Shareholders convened pursuant to the Order of the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench
  • NCLT Order Dates: April 13, 2026 and April 16, 2026

Proposed Resolution

A single resolution was proposed for shareholder consideration and approval:

  • To consider and approve the Scheme of Arrangement and Amalgamation between Triumph Offshore Private Limited (Transferor Company) and Swan Defence and Heavy Industries Limited (Transferee Company) and their respective shareholders and creditors under Sections 230 to 232 read with Section 66 and Section 52 and other applicable provisions of the Companies Act, 2013 and Rules made thereunder.

Voting Process and Methods

  • Remote e-Voting Period: Friday, May 22, 2026 (from 09:00 A.M. IST) to Sunday, May 24, 2026 (till 05:00 P.M. IST)
  • Meeting e-Voting: Shareholders who did not vote remotely were permitted to cast votes during the meeting through e-Voting facility provided by KFin Technologies Limited (KFintech)
  • Voting Extension: The e-Voting facility remained open for 15 minutes post the conclusion of the meeting proceedings
  • Scrutinizer Appointment: Mr. Mubassir Khan, Advocate, was appointed as Scrutinizer to scrutinize the voting through electronic means
  • Chairperson: Mr. Abhay Ranjan, Advocate, was appointed by NCLT as Chairperson for the meeting

Meeting Proceedings

  • The meeting commenced at 10:30 A.M. (IST) with the requisite quorum present
  • The Chairperson called the meeting to order and addressed the equity shareholders
  • Equity shareholders were given an opportunity to speak at the meeting by registering as speakers as per the procedure detailed in the Notice
  • The meeting was declared closed at 11:04 A.M. (IST)

Key Voting Outcomes and Disclosure

  • The document notes that e-Voting results along with the Scrutinizer's Report would be made available on the Company's website and KFintech's website within prescribed timelines
  • These results would also be displayed on the company website and forwarded to the stock exchanges where the company's shares are listed (BSE Limited and National Stock Exchange of India Limited)
  • The document specifically states: "This document does not constitute the minutes of the proceedings of the Meeting of the Company"

Compliance and Signatories

  • The disclosure confirms compliance with NCLT directions and applicable regulations
  • Role: Company Secretary & Compliance Officer of Swan Defence and Heavy Industries Limited