Swan Defence and Heavy Industries Limited has submitted to the Exchange a Corporate Presentation on the Unaudited Financial Results for the quarter and half year ended 30th September, 2026

SDHIL/SE/69/2026-27 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, Sub: Corporate Presentation on the Financial Results for the quarter and half year ended 30th September, 2026 Please find enclosed a copy of the corporate presentation on the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026 declared today. The Corporate Presentation is also available on the website of the Company at www.sdhi.co.in. We request you to kindly take the same 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 SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED INDIA'S LARGEST PRIVATE SHIPYARD : ENTERING EXECUTION SCALE-UP H1FY27 REGISTERED OFFICE CORPORATE OFFICE CONTACT & IDENTITY Pipavav Port, Post Ucchaiya, Uttam House 69, P D'Mello Rd, www.sdhi.co.in Via-Rajula, District Amreli - Masjid Bandar East, Masjid Bandar, 365 560, Gujarat Mumbai, Maharashtra 400 009 INDIA’S MARQUEE SHIPBUILDING FACILITY Infrastructure and Located in Pipavav, 75+ acre land available for Gujarat: Proximity to key Dry Dock size : 662m×65m Asset Base future expansion global trade routes Manufacturing Plate bending & profiling: Capacity to build vessels up Fabrication capacity of up to 1,800 MT & Pipe shop Capabilities to 4,00,000 DWT ~1,64,000 MT/ year capacity: 1,000 spools/day A leadership bench drawn Workforce more than SDHI is targeting 550+ Right People from leading shipyards of doubled in 18 months, more hires by March 2027, India,with decades of backed by a rapidly growing with SWAVALAMBAN delivery behind them order book feeding the skilled pipeline Services:Commercial and Establishedteaming Establishedcollaborations Ecosystem and Defence Shipbuilding, Ship agreement with MDL and with Samsung, Royal IHC, Business Operations Repair, Heavy Engineering 26% equity stake in Fincantieri, Kongsberg, and Offshore Fabrication Conceptia DNV, etc TRANSFORMATION COMPLETE ➔ ENTERING SCALED EXECUTION FUNDAMENTAL SHIFT: FROM A DISTRESSED FACILITY TO A STATE-OF-THE-ART MARITIME ASSET WITH A GROWING ORDER BOOK DISTRESSED PHASE (2008 - 2020) 2008 2009 2014 2016 2017 2020 Pipavav Shipyard Limited PSL listed on the stock MoD Order: Training ship Renamed as RNEL post Commenced Production ADAG financial crisis; (PSL) commenced exchanges (October 2009) for the Indian Coast Guard Anil Dhirubhai Ambani of 2 NOPVs lenders initiated CIRP production: Panamax Bulk process Group (ADAG) takeover Carriers & OSVs ACQUISITION & RESTART (2022 - 2026) DEC 2022 JAN 2024 AUG 2024 JAN 2026 SEP 2026 A new management of SDHI Physical possession of Ship repair operations Received 1stExport Order Order book ~ ₹ 6,500 Cr was chosen as a successful Shipyard(RNEL) commenced; first ICG refit for 6 Chemical Tankers (Stenersen, Energy ONE, resolution applicant Royal Navy (Oman), Svitzer) KEY UPDATES FOR H1FY27 SECTION CLEAN SLATE – A FRESH RESTART EARLY CIRP CLOSURE: PREPAID COC OBLIGATIONS SDHI has completed the resolution-plan, cleared out of CIRP thereby creating a stronger base for scale-up 01 RESOLUTION PLAN CLOSED 1 2 3 CIRP Prepayment Scale-up Secured orders and fully Resolution framework CoC obligations settled operational closed Outcome: A clean operating platform, with the all CoC settled. The focus now on execution. ORDER BOOK EXPANSION GATHERS PACE TWO NEW EXPORT ORDERS: SDHI ORDER BOOK IS ~ ₹ 6,500 CR The FY27 order wins deepen SDHI’s exposure to green propulsion, sophisticated harbor craft and global shipowners 02 EXPORT-LED ORDER BOOK ENERGY ONE SVITZER AMMONIA DUAL-FUEL BULK CARRIERS TRANSVERSE 3200 TUGS 4 × 92,500 DWT 4 × 80T BOLLARD PULL • India-first order for ammonia dual-fuel bulk carriers • High- maneuverability harbour tug design • Designed for lower-emission next-generation shipping • Biofuel, IMO Tier III and FiFi1-ready design • Deliveries for the order are scheduled to commence • Deliveries for the order are scheduled to commence in in FY30 early 2028 REGULATORY BOOST GUJARAT SHIPBUILDING POLICY 2026: SECOND LAYER OF INCENTIVE The state policy adds support on top of central shipbuilding incentives, strengthening the economics of Gujarat-based capacity 03 STATE POLICY STACK Shipbuilding Financial Assistance Subsidy on Procurement from MSMEs Skill Development, Training and R&D 8-10% 5% 60% of Contract Price (up to ₹50 crore) subsidy on goods and services assistance, with caps by category • Additional subsidy over the central • Applies to goods and services procured • 60% assistance for ECI training centres government subsidy from MSMEs registered in Gujarat (up to ₹3 Cr) • ₹20,000 per employee for advanced • Makes SDHI competitive amongst other technical training (up to ₹5 crore) shipyards • 60% support for eligible shipbuilding R&D infrastructure and research projects (up to ₹5 crore and ₹1 crore) ATTRACTIVE FINANCING OPTIONS NABFID FINANCING AND INTEREST SUBVENTION A ₹1,150 Cr term loan provides a more structured financing base for SDHI’s next phase of operational ramp-up 04 INTEREST SUBVENTION ON LONG-TERM DEBT TERM LOAN INITIAL COUPON RATE INTEREST SUPPORT EFFECTIVE COUPON RATE ₹1,150 Cr 8.85% 3% 5.85% NaBFID Before applicable subvention Central Government Policy After applicable subvention REGULATORY SUPPORT FOR CAPACITY EXPANSION BROWNFIELD CAPACITY EXPANSION: SDHI has received in-principle approval for brownfield expansion under the Shipbuilding Development Scheme for 600T Goliath Crane and a 40T ELL Crane 05 CAPEX SUPPORT FOR CAPACITY EXPANSION & MODERNISATION APPROVED PROJECT COST CAPITAL ASSISTANCE LOWER COST OF BORROWING 100% 25% 3% Interest incentive on eligible expansion Eligible brownfield capex of approved project cost financing, supporting project IRR and accelerating payback HOW THE ASSISTANCE SITS AGAINST APPROVED PROJECT COST 25% capital assistance 75% net of assistance SNAPSHOT OF Q2 & H1 FY27 EARNINGS Unaudited Consolidated Financial Results for the Quarter and Half Year Ended September 30, 2026 All the below values are in INR Cr Half-year Ended Quarter Ended Particulars 30.09.2026 30.09.2025 30.09.2026 30.06.2026 30.09.2025 Revenue from Operations 99.46 39.99 68.85 30.61 39.57 Total Income 167.87 111.49 125.68 42.18 70.23 PBT (38.37) (3.48) 3.29 (41.66) 5.79 PAT 524.78 (15.17) 566.44 (41.66) (0.55) Please Note: Financials have been restated to reflect the Triumph Offshore Private Limited (TOPL) merger with appointed date from 1st April 2024 KEY EVENTS IN H1FY27 BUILDING SHIPBUILDING TALENT OTHER UPDATES Project SWAVALAMBAN 1st DNV MOU in India Wins Maritime Skilling & Workforce Partnership with one of the leading Development Initiative of the Year classification societies • India's first shipbuilding-specific curriculum, co-designed with MoPSW, MSDE & IMU 5 barge unloaders for L&T • 300+ trained in the first year Steel cutting under way for L&T mines and • Scalable government-academia-industry minerals. Fabrication to load-out, 2,500 model tonnes per hour each TAKING INDIA'S SHIPBUILDING TO GLOBAL MARITIME ICGS Pavak and Other Repairs & Refits SMM Hamburg 2026 ICGS Pavak: One of the significant Coast Guard Building what's next for India's shipbuilding industry projects successfully executed by SDHI and delivered ahead of schedule Four days of conversations at the SDHI [Showing first 8,000 characters — download PDF for full document]