The Board of Directors of Swan Energy (SEL) at its meeting held on 24 June 2024, have inter alia, considered and approved the acquisition of 26,21,50,000 equity shares of Rs. 10/- each of Triumph Offshore (TOPL) (representing 49% of total equity of TOPL) from Indian Farmers Fertiliser Cooperative (IFFCO) at a total price of Rs. 440 crore, as per duly executed Share Purchase Agreement. With the above acquisition, TOPL shall become 100% subsidiary of the company.Powered by Capital Market - Live News

Net profit of Swan Energy rose 378.24% to Rs 26.59 crore in the quarter ended March 2024 as against Rs 5.56 crore during the previous quarter ended March 2023. Sales rose 49.80% to Rs 1397.91 crore in the quarter ended March 2024 as against Rs 933.19 crore during the previous quarter ended March 2023.For the full year,net profit reported to Rs 301.17 crore in the year ended March 2024 as against net loss of Rs 35.90 crore during the previous year ended March 2023. Sales rose 248.86% to Rs 5017.15 crore in the year ended March 2024 as against Rs 1438.14 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1397.91933.19 50 5017.151438.14 249 OPM %8.4119.71 -17.2916.07 - PBDT73.66126.55 -42 724.3019.10 3692 PBT39.7499.73 -60 609.34-62.24 LP NP26.595.56 378 301.17-35.90 LP Powered by Capital Market - Live News

Swan Energy will hold a meeting of the Board of Directors of the Company on 30 May 2024Powered by Capital Market - Live News

Swan Energy announced that in accordance with the order of the Hon`ble NCLT, Ahmedabad Bench dated 23 December 2022, issuance of 1 equity share for every 275 equity shares held by the existing shareholders of RNEL is completed. RNEL is in the process of obtaining the relisting approval from the stock exchanges and has made the required payments as demanded by the exchanges. The final listing approval is under consideration of the exchanges. Swan Energy is a strategic investor of Successful Resolution Applicant (SRA), i.e., Hazel Mercantile (HML), through a Special Purpose Vehicle, namely Hazel Infra (HIL), to acquire Reliance Naval & Engineering. Powered by Capital Market - Live News

Swan Energy has been empaneled with the Telecommunications Consultants India (A Government of India Enterprise) for a strategic tie-up in the field of System Integration, Smart City (Waste Management), Artificial Intelligence, GIS based surveys and Mapping- Land, Property, Utilities etc. Further, Swan Energy vide its subsidiary company Veritas India has already in consortium with Genesis International Corporation received Letter of Acceptance from Brihanmumbai Municipal Corporation (BMC) in the month of March 2024 for Development, Implementation, Maintenance of 3D City model & Change Detection using Geospatial Technology for BMC. Powered by Capital Market - Live News