Swan Defence Appoints New Company Secretary, Secures ₹800 Cr Loan

Swan Defence and Heavy Industries Limited announced the appointment of Ms. Priti P. Dave as the Company Secretary and Compliance Officer, effective December 17, 2025. Ms. Dave, an Associate Member of ...

Swan Defence and Heavy Industries Limited announced the appointment of Ms. Priti P. Dave as the Company Secretary and Compliance Officer, effective December 17, 2025. Ms. Dave, an Associate Member of the Institute of Company Secretaries of India with 20 years of experience, will also serve as a Key Managerial Personnel. The Board of Directors also approved availing financial assistance up to ₹800 Crores from Hazel Infra Limited, the company's holding company. This financial assistance is intended to provide working capital, and the formal agreement will be entered into at the time of the actual transaction. Hazel Infra Limited holds a 94.91% stake in Swan Defence and Heavy Industries Limited. The company also updated its list of Key Managerial Personnel (KMP), including Chief Executive Officer RAdm Vipin Kumar Saxena, Chief Financial Officer Mr. Rajesh Bhardwaj, and the newly appointed Company Secretary & Compliance Officer, Ms. Priti P. Dave. The board meeting commenced at 5:00 p.m. and concluded at 6:17 p.m. on December 17, 2025.

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Why is Swan Defence and Heavy Industries Limited in the news today?

Swan Defence and Heavy Industries Limited (SWANDEF) is in the news due to the appointment of a new company secretary and compliance officer, along with securing significant financial assistance from the holding company, are positive developments for the company.

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Swan Defence Appoints New Company Secretary, Secures ₹800 Cr Loan

December 17, 2025, 01:10 PM

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Swan Defence and Heavy Industries Limited announced the appointment of Ms. Priti P. Dave as the Company Secretary and Compliance Officer, effective December 17, 2025. Ms. Dave, an Associate Member of the Institute of Company Secretaries of India with 20 years of experience, will also serve as a Key Managerial Personnel.

The Board of Directors also approved availing financial assistance up to ₹800 Crores from Hazel Infra Limited, the company's holding company. This financial assistance is intended to provide working capital, and the formal agreement will be entered into at the time of the actual transaction. Hazel Infra Limited holds a 94.91% stake in Swan Defence and Heavy Industries Limited.

The company also updated its list of Key Managerial Personnel (KMP), including Chief Executive Officer RAdm Vipin Kumar Saxena, Chief Financial Officer Mr. Rajesh Bhardwaj, and the newly appointed Company Secretary & Compliance Officer, Ms. Priti P. Dave. The board meeting commenced at 5:00 p.m. and concluded at 6:17 p.m. on December 17, 2025.

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