Integrated Filing — IndAS



General information about company
Scrip Code 503310
NSE Symbol SWANENERGY
MSEI Symbol NOTLISTED
ISIN INE665A01038
Name of company Swan Energy Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   17:00:00
End date and time of board meeting 30-May-2025   19:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2023-02-14
Indicate Company website link for updated RPT policy of the Company www.swan.co.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not made any default on payment to loans and debt securities.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 423234000 1354633000
Other income 97579000 344712000
Total income 520813000 1699345000
2 Expenses
(a) Cost of materials consumed 306695000 793990000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -2739000 -25942000
(d) Employee benefit expense 71858000 247928000
(e) Finance costs 451000 26925000
(f) Depreciation, depletion and amortisation expense 20441000 82490000
(f) Other Expenses
1 Other Expenses 95930000 451644000
Total other expenses 95930000 451644000
Total expenses 492636000 1577035000
3 Total profit before exceptional items and tax 28177000 122310000
4 Exceptional items 0 0
5 Total profit before tax 28177000 122310000
6 Tax expense
7 Current tax 2650000 39999000
8 Deferred tax -4650000 -8238000
9 Total tax expenses -2000000 31761000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 30177000 90549000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 30177000 90549000
17 Other comprehensive income net of taxes -1488000 -1488000
18 Total Comprehensive Income for the period 28689000 89061000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 313457000 313457000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 45382953000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.09 0.28
Diluted earnings (loss) per share from continuing operations 0.09 0.28
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.09 0.28
Diluted earnings (loss) per share from continuing and discontinued operations 0.09 0.28
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 626547000
Capital work-in-progress 0
Investment property 109047000
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 37572519000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 0
Total non-current financial assets 37572519000
Deferred tax assets (net) 0
Other non-current assets 9538000
Total non-current assets 38317651000
2 Current assets
Inventories 1218188000
Current financial asset
Current investments 4756737000
Trade receivables, current 847440000
Cash and cash equivalents 382499000
Bank balance other than cash and cash equivalents 170213000
Loans, current 4112612000
Other current financial assets 2784000
Total current financial assets 10272285000
Current tax assets (net) 28180000
Other current assets 122444000
Total current assets 11641097000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 49958748000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 313457000
Other equity 45382953000
Total equity attributable to owners of parent 45696410000
Non controlling interest
Total equity 45696410000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 21123000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 2316000
Total non-current financial liabilities 23439000
Provisions, non-current 13225000
Deferred tax liabilities (net) 32278000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 68942000
Current liabilities
Current financial liabilities
Borrowings, current 3717645000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 448802000
Total Trade payable 448802000
Other current financial liabilities 0
Total current financial liabilities 4166447000
Other current liabilities 16397000
Provisions, current 10552000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 4193396000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 4262338000
Total equity and liabilites 49958748000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Segment - Textile 391781000 1131737000
2 Segment - Construction/Others 31453000 222896000
Total Segment Revenue 423234000 1354633000
Less: Inter segment revenue 0 0
Revenue from operations 423234000 1354633000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Segment - Textile 19841000 68299000
2 Segment - Construction/Others 8787000 80936000
Total Profit before tax 28628000 149235000
i. Finance cost 451000 451000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 28177000 122310000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Segment - Textile 2001943000 2001943000
2 Segment - Construction/Others 47928625000 47928625000
Total Segment Asset 49930568000 49930568000
Un-allocable Assets 28180000 28180000
Net Segment Asset 49958748000 49958748000
4 Segment Liabilities
Segment Liabilities
1 Segment - Textile 234431000 234431000
2 Segment - Construction/Others 3995629000 3995629000
Total Segment Liabilities 4230060000 4230060000
Un-allocable Liabilities 32278000 32278000
Net Segment Liabilities 4262338000 4262338000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Exchange differences on translating foreign operations -1488000 -1488000
Total Amount of items that will not be reclassified to profit and loss -1488000 -1488000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -1488000 -1488000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 122310000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -44284000
Adjustments for decrease (increase) in trade receivables, current 57623000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 1534000
Adjustments for decrease (increase) in other non-current assets -278000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 3559000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -82379000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -24996000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 82490000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -2458000
Adjustments for provisions, non-current 7550000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current -870000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -89317000
Other adjustments for non-cash items -1488000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -93314000
Net cash flows from (used in) operations 28996000
Dividends received -1277000
Interest paid -26925000
Interest received -221145000
Income taxes paid (refund) 41234000
Other inflows (outflows) of cash 33423000
Net cash flows from (used in) operating activities -174312000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 1113000000
Cash flows used in obtaining control of subsidiaries or other businesses 4485175000
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 800000
Purchase of property, plant and equipment 28467000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 1797069000
Cash receipts from repayment of advances and loans made to other parties -791944000
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 1277000
Interest received 221145000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -3996758000
Net cash flows from (used in) investing activities -9763191000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares -43542000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 495497000
Repayments of borrowings 583896000
Payments of lease liabilities 0
Dividends paid 31346000
Interest paid 26925000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -190212000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -10127715000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -10127715000
Cash and cash equivalents cash flow statement at beginning of period 10680427000
Cash and cash equivalents cash flow statement at end of period 552712000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 N. N. Jambusaria & CO. Yes 31-Jul-2026


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Swan Energy Limited Nikhil Merchant Promoter and Managing Director Remuneration 15000000 Noted 7454000 0 0
2 Swan Energy Limited Paresh Merchant Promoter and Key Managerial Personnel (KMP) Remuneration 15000000 Noted 7454000 0 0
3 Swan Energy Limited Paresh Merchant Promoter and Key Managerial Personnel (KMP) Any other transaction Expenses 1000000 Noted 150000 0 0
4 Swan Energy Limited Bhavik Merchant Promoter Group and Relative of KMP Remuneration 3000000 Noted 2736000 0 0
5 Swan Energy Limited Vivek Merchant Promoter Group and Relative of KMP Remuneration 3000000 Noted 2736000 0 0
6 Pegasus Ventures Private Limited Good Earth Commodities (India) Private Limited Entity controlled by Promoter and KMP and their relative Advance 20000000 Noted -15098000 -15098000 0 Advance 0 On Demand Unsecured General Corporate Purpose
7 Swan Energy Limited Feltham Trading Private Limited Entity controlled by Promoter and KMP and their relative Any other transaction Expenses 200000 Noted 90000 0 0
8 Pegasus Ventures Private Limited Gazdar Bandh Developers Private Limited Entity controlled by Promoter and KMP and their relative Advance 300000000 Noted 74000000 -112300000 -38300000 Advance 0 On Demand Unsecured General Corporate Purpose
9 Cardinal Energy & Infrastructure Private Limited Gazdar Bandh Developers Private Limited Entity controlled by Promoter and KMP and their relative Advance 200000000 Noted -47353000 47353000 0 Advance 0 On Demand Unsecured General Corporate Purpose
10 Pegasus Ventures Private Limited Stormsoft Technologies Private Limited Entity controlled by Promoter and KMP and their relative Advance 1500000000 Noted 1015000000 -1166200000 -151200000 Advance 0 On Demand Unsecured General Corporate Purpose
11 Swan Energy Limited Swan Defence and Heavy Industries Limited Step down subsidiary Purchase of goods or services basis the justification given by the management, the independent directors ratified the transaction 303000 0 0
12 Cardinal Energy & Infrastructure Private Limited Feltham Resources Private Limited Entity controlled by Promoter and KMP and their relative Advance 50000000 Noted 0 26281000 26281000 Advance 0 On Demand Unsecured General Corporate Purpose
13 Cardinal Energy & Infrastructure Private Limited Pegasus Ventures Private Limited Entity controlled by Promoter and KMP and their relative Advance 500000000 Noted 197500000 -361776000 -164276000 Advance 0 On Demand Unsecured General Corporate Purpose
14 Swan Energy Limited Swan LNG Private Limited Subsidiary Advance 60000000000 Noted 1080000000 22753063000 23833063000 Advance 0 On Demand Unsecured General Corporate Purpose
15 Swan Energy Limited Cardinal Energy and Infrastructure Private Limited Subsidiary Advance 1000000000 Noted 371506000 33500000 405006000 Advance 0 On Demand Unsecured General Corporate Purpose
16 Swan Energy Limited Pegasus Ventures Private Limited Subsidiary Advance 2000000000 Noted 301000000 434019000 735019000 Advance 0 On Demand Unsecured General Corporate Purpose
17 Swan Energy Limited Hazel Infra Limited Subsidiary Advance 60000000000 Noted -4860625000 4860625000 0 Advance 0 On Demand Unsecured General Corporate Purpose
18 Swan Energy Limited Veritas (India) Limited Subsidiary Purchase of goods or services 10000000000 Noted 0 447295000 447295000 Advance 0 On Demand Unsecured General Corporate Purpose
19 Swan LNG Private Limited Vinita Patel Director of Subsidiary Any other transaction Expenses 5000000 Noted 1597000 0 0
20 Swan LNG Private Limited Naman Patel Relative of Director of Subsidiary Any other transaction Expenses 5000000 Noted 1597000 0 0
21 Swan LNG Private Limited Gujarat Maritime Board Relative Any other transaction Lease Rent 50000000 Noted 54357000 0 0
22 Triumph Offshore Private Limited Hazel Infra Limited Fellow Subsidiary Inter-corporate deposit 2500000000 Noted -1960000000 0 0 Advance 0 On Demand Unsecured General Corporate Purpose
23 Triumph Offshore Private Limited Hazel Infra Limited Fellow Subsidiary Investment 15000000000 Noted 10000000000 0 0
24 Cardinal Energy & Infrastructure Private Limited Feltham Steels Private Limited Entity controlled by Promoter and KMP and their relative Advance 50000000 Noted 0 23100000 23100000 Advance 0 On Demand Unsecured General Corporate Purpose
Total value of transaction during the reporting period 6234404000