Swan Defence and Heavy Industries Limited — Board Meeting, 23-05-2025: Outcome of Board Meeting

Swan Defence and Heavy Industries has announced a board meeting on May 23, approving the audited consolidated financial results for the quarter and year ended March 31, 2025. The company posted total income of INR 1,753 lakh for the year, with consolidated losses widening to INR 18,105 lakh after tax. Operational headwinds continued with a loss before exceptional items of INR 17,928 lakh. Capital work in progress climbed to INR 15,523 lakh, while borrowings increased to INR 224,369 lakh. Shipbuilding and repair activities remain steady, alongside ongoing plans to merge with Triumph Offshore Private Limited.