Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited) announced the outcome of its Board Meeting held on February 4, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Additionally, the company will be availing a Rupee Term Loan (RTL) of ₹1,150 Crores from the National Bank for Financing Infrastructure and Development (NaBFID). This loan is intended for refinancing the company's existing financial creditors and is subject to the execution of the facility agreement. The Board also approved the constitution of a Risk Management Committee, with Mr. Ashishkumar Bairagra as Chairman, Mr. Paresh Vasantlal Merchant as Member, and Mr. Rajesh Bhardwaj as Member.
