Swan Defence Appoints Priti Dave as Company Secretary; Secures ₹800 Crore Funding
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 ...
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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 is a positive development for corporate governance. securing significant financial assistance from the holding company indicates financial support and potential for growth.
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Swan Defence Appoints Priti Dave as Company Secretary; Secures ₹800 Crore Funding
December 17, 2025, 01:45 PM
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 and a law graduate with 20 years of experience, will also serve as Key Managerial Personnel.
The company's Board of Directors also approved availing financial assistance up to ₹800 Crores from its holding company, Hazel Infra Limited. This financial assistance is intended to provide working capital. Hazel Infra Limited holds 94.91% of the equity shares of Swan Defence and Heavy Industries Limited, indicating a related party transaction.
The Board meeting, which commenced at 5:00 p.m. and concluded at 6:17 p.m. on December 17, 2025, also reviewed and approved the updated list of Key Managerial Personnel (KMP) authorized for disclosures.
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