Swan Defence and Heavy Industries Limited has submitted to the Exchange the Financial Results for the quarter and half year ended 30th September, 2026.

SDHIL/SE/67/2026-27 12th October, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Fort, G Block, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 BSE Scrip Code : 533107 NSE Symbol : SWANDEF Dear Sir/Madam, Subject: Outcome of Board Meeting Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, (‘SEBI Listing Regulations’) the Board of Directors of the Company at its meeting held today i.e., 12th October, 2026, has inter-alia approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026 along with the ‘Limited Review Report’ furnished by the Statutory Auditors. The same are enclosed herewith. The Board meeting commenced today at 2:45 P.M. and concluded at 5.45 P.M. The above-mentioned documents will also be available on the Company’s website at www.sdhi.co.in. Kindly take the above information on record. Yours faithfully, For Swan Defence and Heavy Industries Limited [formerly known as Reliance Naval and Engineering Limited] Priti P. Dave Company Secretary & Compliance Officer ACS:- 19469 SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED (Formerly known as Reliance Naval and Engineering Limited) Registered Office: Pipavav Port, Post Ucchaiya, Via-Rajula, Dist. Amreli - 365 560, Gujarat Corporate Office: Uttam House, 3rd Floor, Plot No. 69, P D’Mello Road, Carnac Bunder, Mumbai – 400 009 +91 22 4058 7300 | info@swan.co.in | www.sdhi.co.in | CIN - L35110GJ1997PLC033193 N. N. Jambusaria & Co. Chartered Accountants Independent Auditor’s Review Report on the Quarterly and Half Yearly Unaudited Standalone Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report To The Board of Directors of Swan Defence and Heavy Industries Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Swan Defence and Heavy Industries Limited (the "Company") for the Quarter and Half Year ended September 30, 2026 ('the Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting” ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 201 3, as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Revieowf Interim Financial information performed by the independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scepe than an audit conducted in accordance with Standards on Auditing specified under section 143 (10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement has not been prepared in all material respect in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For N. N. Jambusaria & CO. Chartered Accountants __ . s Firm Reg. No: 104030W .: M. No. 38979 MUMBAI Nimesh N. Jambusaria Partner Mem. No. 038979 R UDIN: 26038979XIQFQC6196 Place: Mumbai Date: October 12, 2026 Office No 605. Bth Floor, 340,Mahalaxmi Centre Premises, Opp. Bal Bharati College, S.V. Road, Kandivali (W), Mumbai - 400067 e Tel.: +91 22 3521 5332 SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED e RS ENW EA E AN N e Regl Ws et be sr ie td e :O f wf wi wc( .ef : so dr P hm l le pr .al cvy oa .k y n n ,Po o Erw t m,n a P ia o ts s t sR U de c hl c ii iha nan vlc eye sa t,N o a V rv i se a @ a sRl wa aa j nun .l cad , o .E D n isg t . i . C n IA Ne m :e r er Lli l 3n , 5g 1 GL 1ui l 0m a Gi r 1t a 9e td 9 ) - 7 3 P6 L5 C 05 360 3. 1 9In 3d ia. Slatement ot Unaudited Standaione Financlal Resuls for the Quarter and Halt Year Ended September 30, T INR in Lokhs L Particulars 3 U0 n. a0 u9 d. i2 t0 e2 d6 | | Q 3u U0a n.r a0f u6e d.r i2 tE 0 e2n d6d ed || 3 U0 n0 a9 v. d2 i0 t2 e5 d. U3 n0 a. u0 d9 i2H t0a el 2f d6 Y ea ||r En U3d n0e . ad 0 u9 d. i2 t0 e2 d5 Y 3e 1 Aa . ur 0 3E i. tn 2 ed 0 de 2 6d 0 income: [Revenue from Operations Other income 6884.65 306114 3957.00 9.945.79 399850 2821387 Tofal Income 563380 1157.17 306693 684097 7.149.67 2174780 2 Expenses: 12,566.45 421831 7.023.93 16.786.76 114857 w9616 0. Cost of Materials Consumed b. Other Direct Bxpense 819.14 4520 823 86434 4323 205707 .. EC mh pa ln og ye es s i n B eI nn ev fe in tt so r Ei xo ps e nof s eW so rk in Progress & Scrap 3,7 (4 514 .. 22 35 ) 1840 -8 2 1775 -2 5 55 (8 515 .0 27 3) 1 1.7 47 255 .2 55 7 4495 64 99 .1 449 . Finance Cost 166216 1237.40 93684 2899.57 166801 367004 D Oe tp hr ee rc i Ea xf pi eo nn a esn d Amorfisation Expenses 11. 69 55 42. 41 70 11 .6 59 184 .8 46 1.2 52 07 8. .9 17 33 16 72 26 99 46 305 23 22 87 12 61 33 29 77 .3 29 Total Expenses 241229 2039.14 1.999.09 4451.43 3359 820645 43 [F Fr iof cl et p/ t i( oL no as ls ) l B te ef mo sr e Exceptional tems and Tax (1-2) 121 397 53 .1 28 7 (5 43 17 55 7.. 59 90 ) Ga 57 330 .5 41 2 2 (0 3, .5 74 69 2. 30 20 ) 11 @,5 281 6.1 06 (7 7.6 218 5.13 6) s a TPr ao xf l E x/ p( aL nos ss e) before Tax (3+4) 395.27 (4.157.59) 533.= 4 2 (3762:- 3 2) @26s 1 (7215- 0 8 . Cunont Tax <. . E Dx ec fe es rs r ep dr o Tv ai xs ion of earler years wiitien back [Refer Nofe- ] (56.315.- 17) -- 634- 6 6 (56315.- 1 7) 1168- 3 5 1,405- . 60 s7 OPr to hf ei rt / C ( oL mos ps r) e A ht ete nr s iTa vx e ( I5 n-6 c) o me 56.710.- 48 (4.1570 .0 61 0) (101.- 2 4) 52,5520 .0 81 4 (1600.0 90 71 ) | (18,6200 .70 93 ), o T Ti I o of n t te a acm l los m O Ct te oh h a mt et a pr xw r i C el r ol e h ml eb a p ne t ri s enr ige h v c eo el na Iss fs i nli v cef m e oe s d mI etf nho c /a p t o (r m Lwo oi ef l si l s/ )b (o Lr (e o 7 f s +ro se 8s )c )s l assified o profit o foss 56,(( 4@2 466 366 . .. - 7 77 2 22 )) (4.2(( 4®8 366 .-. 1 71 1 11 ) )) (101.B. - 2 6) 52,(( 23 03 52 05 . .2 - 8 38 199 ) (1.600.B 9- - (18,620B- - 7 9) 110 [| OP ta hi ad r- up EE quq iu ti y ty Share Capltal (Face Value of INR 10 Each) 526822 526822 526822 526822 526822 526822 12 |Eamings Per Share (EPS) (* Not Annualised) - - - - - 878187 b. . AB fe tf eo rr ee x e ix rt ar oa ro dr id ni an ra yr iy t i et me m to07 106 7.5 65] |* 7( .7. 88 99 )) ]] *+ ( 00 1.1 99 )) 9 99 9. 77 55 | ¢ [Showing first 8,000 characters — download PDF for full document]