Swan Defence and Heavy Industries Completes Full Repayment to Creditors

Swan Defence and Heavy Industries has cleared all creditor claims, exiting insolvency and restoring a clean balance sheet.

• The firm completed full and final repayment to every member of the Committee of Creditors, satisfying the resolution plan approved by the National Company Law Tribunal on 23 December 2022 and meeting SEBI Regulation 30 disclosure requirements.
• With debt eliminated, leverage and debt‑to‑equity ratios will improve sharply, freeing free cash flow for core defence, shipbuilding, and heavy‑industry projects.
• Exit from the insolvency framework gives management greater strategic flexibility and the ability to pursue larger contracts, new partnerships, and capital investments.
• A cleaner balance sheet positions the company for cheaper financing, though it still faces competitive market pressures and macro‑economic risks that could affect defence spending.