Swan Defence and Heavy Industries Limited, previously known as Reliance Naval and Engineering Limited, has announced a significant financial move by approving the issuance of unsecured non-convertible debentures valued at up to Rs. 1,000 crores. This decision was made during a board meeting held on November 12, 2025. The company plans to raise these funds through a private placement, which will occur in one or more tranches, complying with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The issuance will be conducted without offering any interest, as the debentures will bear a zero percent rate of interest per annum. The maturity period for these debentures is set for 10 years, although the exact date of allotment is yet to be determined. The company aims to list the debentures on BSE Limited, further expanding its footprint in the financial markets. This strategic move is likely to bolster Swan Defence's capital structure and fund its ongoing projects and initiatives.

In disclosing these details, Swan Defence is adhering to the regulatory requirements stipulated by SEBI, ensuring transparency with its investors and stakeholders. The decision to issue these debentures signals the company’s commitment to enhancing its financial stability and operational capabilities in the competitive defence sector. As the market watches closely, this funding initiative could pave the way for future growth and development opportunities for Swan Defence.