Swan Defence and Heavy Industries Limited — Board Meeting, 23-04-2025: Outcome of Board Meeting

Swan Defence and Heavy Industries Limited has announced a board meeting outcome where the Board recognized non-compliance with Minimum Public Shareholding (MPS) requirements. A committee has been established to explore the issuance of equity shares to achieve MPS compliance through various methods, including Qualified Institutional Placement and Rights Issues, pending necessary approvals. The meeting was brief, lasting 15 minutes. All relevant details will be available on the company’s website.