5331072025-07-012025-09-305331072025-09-305331072025-07-012025-09-30CompositionOfBoardOfDirectors15331072025-09-30CompositionOfBoardOfDirectors15331072025-07-012025-09-30CompositionOfBoardOfDirectors25331072025-09-30CompositionOfBoardOfDirectors25331072025-07-012025-09-30CompositionOfBoardOfDirectors35331072025-09-30CompositionOfBoardOfDirectors35331072025-07-012025-09-30CompositionOfBoardOfDirectors45331072025-09-30CompositionOfBoardOfDirectors45331072025-07-012025-09-30CompositionOfBoardOfDirectors55331072025-09-30CompositionOfBoardOfDirectors55331072025-07-012025-09-30CompositionOfBoardOfDirectors65331072025-09-30CompositionOfBoardOfDirectors65331072025-07-012025-09-30CompositionOfBoardOfDirectors75331072025-09-30CompositionOfBoardOfDirectors75331072025-07-012025-09-30CompositionOfBoardOfDirectors85331072025-09-30CompositionOfBoardOfDirectors85331072025-07-012025-09-30CompositionOfBoardOfDirectors95331072025-09-30CompositionOfBoardOfDirectors95331072025-07-012025-09-30CompositionOfBoardOfDirectors105331072025-09-30CompositionOfBoardOfDirectors105331072025-07-012025-09-30CompositionOfCommittees145331072025-09-30CompositionOfCommittees145331072025-07-012025-09-30CompositionOfCommittees155331072025-09-30CompositionOfCommittees155331072025-07-012025-09-30CompositionOfCommittees165331072025-09-30CompositionOfCommittees165331072025-07-012025-09-30CompositionOfCommittees175331072025-09-30CompositionOfCommittees175331072025-07-012025-09-30CompositionOfCommittees415331072025-09-30CompositionOfCommittees415331072025-07-012025-09-30CompositionOfCommittees425331072025-09-30CompositionOfCommittees425331072025-07-012025-09-30CompositionOfCommittees435331072025-09-30CompositionOfCommittees435331072025-07-012025-09-30CompositionOfCommittees685331072025-09-30CompositionOfCommittees685331072025-07-012025-09-30CompositionOfCommittees695331072025-09-30CompositionOfCommittees695331072025-07-012025-09-30CompositionOfCommittees705331072025-09-30CompositionOfCommittees705331072025-09-30MeetingOfBoardOfDirectors15331072025-07-012025-09-30MeetingOfBoardOfDirectors15331072025-09-30MeetingOfBoardOfDirectors25331072025-07-012025-09-30MeetingOfBoardOfDirectors25331072025-09-30MeetingOfBoardOfDirectors35331072025-07-012025-09-30MeetingOfBoardOfDirectors35331072025-07-012025-09-30MeetingOfCommittees15331072025-09-30MeetingOfCommittees15331072025-07-012025-09-30MeetingOfCommittees25331072025-09-30MeetingOfCommittees25331072025-06-305331072025-09-30ImpositionOfFineOrPenaltyDomain15331072025-09-30ImpositionOfFineOrPenaltyDomain25331072025-09-30OngoingTaxLitigationsOrDisputesDomain15331072025-09-30OngoingTaxLitigationsOrDisputesDomain25331072025-09-30OngoingTaxLitigationsOrDisputesDomain35331072025-09-30OngoingTaxLitigationsOrDisputesDomain45331072025-09-30OngoingTaxLitigationsOrDisputesDomain55331072025-09-30OngoingTaxLitigationsOrDisputesDomain65331072025-09-30OngoingTaxLitigationsOrDisputesDomain75331072025-09-30OngoingTaxLitigationsOrDisputesDomain85331072025-09-30OngoingTaxLitigationsOrDisputesDomain95331072025-09-30OngoingTaxLitigationsOrDisputesDomain10iso4217:INRxbrli:pure533107SWANDEFNOTLISTEDINE542F01020Swan Defence And Heavy Industries Limited2025-04-012026-03-31Half Yearly2025-09-30EquitytruetruefalseThere was no such acquisition during the period.truetruetruefalseAny othertrueP00133OriginaltruefalseMrNikhil V. Merchant******00614790Executive DirectorChairpersonMD1960-07-06falseActiveNA2023-12-082023-12-272000MrParesh V. Merchant******00660027Non-Executive - Non Independent DirectorNot Applicable1963-09-19falseActiveNA2023-12-082025-09-243041MrVivek P. Merchant******06389079Non-Executive - Non Independent DirectorNot Applicable1993-04-25falseActiveNA2023-12-081010MrBhavik N. Merchant******06389064Non-Executive - Non Independent DirectorNot Applicable1993-07-04falseActiveNA2023-12-081000MrArvind J. Morbale******10366188Executive DirectorNot Applicable1961-05-14falseActiveNA2023-12-141000MrKaiyoze Beji Billimoria******00021204Non-Executive - Independent DirectorNot Applicable1955-05-25falseActiveNA2023-12-142023-12-1421.161111MrAshishkumar Bairagra******00049591Non-Executive - Independent DirectorNot Applicable1979-02-10falseActiveNA2023-12-142023-12-1421.162221MrArun Sinha******00280485Non-Executive - Independent DirectorNot Applicable1957-01-17falseActiveNA2023-12-142023-12-1421.161100MrPrabhakar Reddy Patil******00377406Non-Executive - Independent DirectorNot Applicable1962-02-03falseActiveNA2023-12-162023-12-1621.143352MrsMaya Swaminathan Sinha******03056226Non-Executive - Independent DirectorNot Applicable1959-03-09falseActiveNA2023-12-142023-12-1421.163341truetruetrueAudit Committee00021204Kaiyoze Beji BillimoriaNon-Executive - Independent DirectorChairperson2023-12-30Audit Committee00049591Ashishkumar BairagraNon-Executive - Independent DirectorMember2023-12-30Audit Committee00660027Paresh V. MerchantNon-Executive - Non Independent DirectorMember2023-12-30Audit Committee00377406Prabhakar Reddy PatilNon-Executive - Independent DirectorMember2024-11-22Nomination and remuneration committee03056226Maya Swaminathan SinhaNon-Executive - Independent DirectorChairperson2023-12-30Nomination and remuneration committee00021204Kaiyoze Beji BillimoriaNon-Executive - Independent DirectorMember2023-12-30Nomination and remuneration committee00660027Paresh V. MerchantNon-Executive - Non Independent DirectorMember2023-12-30Stakeholders Relationship Committee00660027Paresh V. MerchantNon-Executive - Non Independent DirectorChairperson2023-12-30Stakeholders Relationship Committee06389079Vivek P. MerchantNon-Executive - Non Independent DirectorMember2023-12-30Stakeholders Relationship Committee00377406Prabhakar Reddy PatilNon-Executive - Independent DirectorMember2023-12-302025-04-23true10842025-05-2329true101052025-08-0169true10105Audit Committee2025-05-23true4430Audit Committee2025-08-0169true4430truetruetruetrueNAtruetruetrueParesh MerchantDirectorYesNoDue to certain pre-occupation, the Director was unable to attend the meeting and they have authorised Chairman of the Meeting to reply to shareholders queries on their behalf.YesNoDue to certain pre-occupation, the Director was unable to attend the meeting and they have authorised Chairman of the Meeting to reply to shareholders queries on their behalf.NAYesYesYesParesh MerchantDirectorfalseParesh MerchantDirectorMumbai2025-10-290181800BSE LimitedNon-compliance with respect to maintaining the Minimum Public Shareholding, as specified in Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957, has resulted in a penalty of Rs. 5,36,900/- (inclusive of GST) till June 30, 2025, being imposed separately by both BSE and NSE2025-08-12Non-compliance with respect to maintaining the Minimum Public Shareholding, as specified in Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957Nil, except for the penalty amount of Rs. 5,36,900/- (inclusive of GST) imposed separately by both BSE and NSENational Stock Exchange of India LimitedNon-compliance with respect to maintaining the Minimum Public Shareholding, as specified in Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957, has resulted in a penalty of Rs. 5,36,900/- (inclusive of GST) till June 30, 2025, be2025-08-12Non-compliance with respect to maintaining the Minimum Public Shareholding, as specified in Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957Nil, except for the penalty amount of Rs. 5,36,900/- (inclusive of GST) imposed separately by both BSE and NSEDuring the quarter, certain updates on ongoing tax litigation were disclosed based on information received from the respective departments.Assistant Commissioner of Income Tax - Central Circle 6(3), Mumbai2024-07-01With respect to F.Y. 2019-20, (i) Amt. Rs.24,65,532/- receivable from SDHIL by Globalcom IDC Ltd, had been written off by them is chargeable to tax in the hands of SDHIL since it has escaped assessment within the meaning of section 147 of the Act.and issued order under sub-section (d) of section 148A without considering the reply submitted on 18.03.2024.As per Writ order dated 19.08.2025 (i) No demand can be raised period prior to NCLT Order Dtd 23.12.2022 since as per order all past claim would stands extingushed. (ii) under Section 148 of the Act and any consequential orders/notices for the A.Y.2020-21 are hereby quashed and set aside.Assistant Commissioner of Income Tax -TDS Circle 2(1), Mumbai2025-03-04With respect to A.Y. 2019-20, (i) Order u/s 201(1)/201(1A) was passed on 04.03.2025 with Demand of Rs.2,96,70,152/- without considering the fact of case (ii) Applied for Rectification of order on 24.03.2025 (iii) As per rectification order u/s 154, Demand of Rs.2,96,70,152/- not corrected (iv) we are opting file the Writ petion with Bombay court.As per Bombay High Court Writ order: (i) No demand can be raised for period prior to NCLT Order Dtd 23.12.2022 as per order all past claim would stands extingushed (ii) under Section 148 of the Act and any consequential orders/notices for the A.Y.2018-19 are hereby quashed and set aside (iii) Assessing officer also issued Nil demand Order on 05.08.2025 by issued Orde giving effect.Goods and Service Tax2024-08-30With respect to Order (DRC 07) under section 73 on EOU for FY 2019-20 passed on 30/08/2024, demand was raised for excess ITC availed/utilised amounting to Rs 82,47,889/- under CGST, Rs 82,47,889/- under SGST, and Rs 12,76,961/- under IGST, along with interest of Rs 1,55,95,132/- and a penalty of Rs 17,77,274/-. The company has filed an appeal before the Appellate Authority against the order passed by the department on 26 December 2024.The hearing date for the filed appeal is yet to be decidedGoods and Service Tax2024-08-30With respect to Order Order (DRC 07) under section 74 on EOU for FY 2019-20 passed on 30/08/2024, demand of Rs 1,00,35,447/- under CGST and Rs 1,00,35,447/- under SGST has been raised, along with interest of Rs 1,77,66,866/- and a penalty of Rs 2,00,70,894/-, on the grounds that ineligible ITC, as per Section 16(2), was claimed from cancelled, non-genuine, and non-existent taxpayers, as well as from return/tax defaulters. The company has filed an appeal before the Appellate Authority against the order passed by the department on 26 December 2024.The hearing date for the filed appeal is yet to be decidedGoods and Service Tax2024-08-30With respect to Order (DRC 07) under section 73 for FY 2019-20 on SEZ passed on 30/08/2024, demand of Rs 1,43,24,657/- under IGST has been raised towards differential tax liability on B2B outward supplies, based on discrepancies between E-way Bill data and GSTR-1. The demand also includes interest of Rs 1,26,80,265/- and a penalty of RS 14,32,466/-. The company has filed an appeal before the Appellate Authority against the order passed by the department on 26 December 2024.The hearing date for the filed appeal is yet to be decidedGoods and Service Tax2025-02-21With respect to Order (DRC 07) under section 73 for FY 2020-21 on EOU passed on 21/02/2025, differential tax liability of RS 10,40,779/- and excess ITC claimed on B2B supplies amounting to Rs 88,95,879/-, along with short reversal of ITC of Rs 77,227/-, have been raised. The demand also includes interest of Rs 78,51,984/- and a penalty of Rs 10,01,389/-. The company has filed an appeal before the Appellate Authority against the order on 19 May 2025.The hearing date for the filed appeal is yet to be decidedGoods and Service Tax2025-02-22With respect to Order (DRC 07) under section 74 for FY 2020-21 on EOU passed on 22.02.2025, An excess ITC claim of Rs 4,71,092/-, in violation of Section 16(2), was identified as having been availed from cancelled, non-genuine, or non-existent taxpayers, as well as from return/tax defaulters. The demand also includes interest of Rs 3,72,872/- and a penalty of Rs 4,71,092/-. The company has filed an appeal before the Appellate Authority against the order on 19 May 2025.The hearing date for the filed appeal is yet to be decidedGoods and Service Tax2025-09-19With respect to SCN in form DRC 01 under section 73(5) was served on 19/09/2025, pertained to short payment of tax and excess Input Tax Credit (ITC) availed/utilized amounting to Rs 31,74,980/-, along with interest of Rs 22,56,236/-, penalty of Rs 3,17,498/-, and late fees of Rs 1,80,200/- as mentioned in the notice.A reply to the SCN was submitted on 17 October 2025, stating that the demand pertains to the CIRP (Corporate Insolvency Resolution Process) period. Accordingly, a request was made to the department not to initiate any further proceedings in respect of the said demand.The matter is under the jurisdiction of the State Tax Officer.Goods and Service Tax2025-09-19With respect to SCN in form DRC 01 under section 74 was served on 19/09/2025, pertained to short payment of tax due to the supplier’s failure to file GST returns, involving a tax amount of Rs 1,62,442/-, along with interest of Rs 1,15,436/- and a penalty of Rs 1,62,442/-.A reply to the SCN was submitted on 17 October 2025, stating that the demand pertains to the CIRP (Corporate Insolvency Resolution Process) period. Accordingly, a request was made to the department not to initiate any further proceedings in respect of the said demand.The matter is under the jurisdiction of the State Tax Officer.Assistant Commissioner of Income Tax - Central Circle 6(3), Mumbai2024-10-11With respect to F.Y.2017-18, Non Deduction of TDS on Foreign remittances of Rs.3,53,81,520/-accordingly this amount is chargeable to tax and has escaped assessment within the meaning of section 147 of the Act.and issued order under sub-section (d) of section 148A without considering the reply submitted on 19.08.2024.As per Writ order dated 19.08.2025: (i) No demand can be raised for period prior to NCLT Order Dtd 23.12.2022 since as per order all past claim would stands extingushed (ii) under Section 148 of the Act and any consequential orders/notices for the A.Y.2018-19 are hereby quashed and set aside.00000000000000000000000000000000All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.trueRajesh BharadwajCFOMumbai2025-10-29