Swan Defence and Heavy Industries Limited has informed the Exchange regarding press release and presentation on the Unaudited Financial Results for the quarter and half year ended 30th September, 2026.

SDHIL/SE/68/2026-27 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: Press Release and Presentation on the Financial Results for the quarter and half year ended 30th September, 2026 Please find enclosed a copy of the press release and presentation on the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026 declared today. The Press Release and Presentation are 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 SDHI Reports 2.5x Jump in Operating Revenue in H1 FY27 as the Shipyard Scales Up Execution • A growing order book of ~INR 6500 Cr reflects the acceleration from turnaround to execution by the shipyard under the new management Mumbai, October 12, 2026: Swan Defence and Heavy Industries Limited (SDHI) (BSE: 533107 | NSE: SWANDEF), India’s leading shipbuilding and heavy engineering company, today announced its unaudited financial results for the half year ended September 30, 2026. Financial Highlights All the below values are in INR Cr Particulars Half Year Ended H1 FY27 H1 FY26 Revenue from Operations 99.46 39.99 Total Income 167.87 111.49 Reported PBT (38.37) (3.48) Reported PAT 524.78 (15.17) * Consolidated Financial Statement has been restated to reflect the Triumph Offshore Private Limited (TOPL) merger with appointed date from 1st April 2024. SDHI’s firm order book stood at approximately ₹6,500 crore as of September 30, 2026, providing revenue visibility through FY31. The order book comprises six chemical tankers for Rederiet Stenersen AS, four ammonia dual-fuel bulk carriers for Energy ONE Limited, four harbour tugs for Svitzer and a training ship for the Royal Navy of Oman. Business Highlights Newbuilds: SDHI secured an order from Energy ONE Limited for four 92,500 DWT ammonia dual-fuel bulk carriers, the first of its kind for an Indian shipyard, with deliveries expected from FY30. The shipyard also secured an order from the A.P. Moller – Maersk backed Svitzer, for four TRAnsverse 3200 harbour tugs, with deliveries scheduled from early 2028. Ship Repair and Refit: SDHI completed seven ship repair and refit projects, spanning Indian Coast Guard vessels, commercial ships and offshore rigs. These included the refit and dry-docking of ICGS Samudra Pavak, a Pollution Control Vessel (PCV), covering robotic hull scanning and hydroblasting, overhaul of the propulsion, steering and main engine systems, and a full upgrade of the pollution control systems. The project was delivered ahead of schedule, setting a new benchmark for PCV refits of this nature. Heavy Engineering: Steel cutting commenced for five barge unloaders, each with a capacity of 2,500 tonnes per hour, for L&T Mines and Minerals. Partnership: SDHI has signed a strategic MoU with DNV, the first such partnership with an Indian shipyard to strengthen capabilities across seven key areas including design certification, repair projects, R&D, supplier ecosystem, next-generation maritime technologies, digital adoption and cybersecurity. Capacity Expansion under National Shipbuilding Mission: SDHI has received in-principle approval for a brownfield expansion under the Shipbuilding Development Scheme (SbDS). The proposed investment includes a 600-tonne Goliath crane and a 40-tonne ELL crane, which will expand capabilities and improve operational efficiency at India’s largest dry dock. Eligible capital assistance and interest incentives remain subject to the scheme’s conditions. Commenting on the company’s progress, Rear Admiral Vipin Kumar Saxena IN (retd.), Chief Executive Officer of Swan Defence and Heavy Industries Limited said, “The first half of FY27 marks SDHI’s transition from turnaround to scaled execution. Having completed our resolution plan and settled our obligations to the Committee of Creditors, we have focused on building the systems, processes and teams needed to deliver our order book. Winning export orders again in H1 FY27 reflects the growing confidence of international customers in SDHI and in India as a credible shipbuilding partner. Our priority now is to deliver on time and to global quality standards. At the same time, we expect domestic shipbuilding demand to pick up over the next 12 to 18 months, driven by the Government of India’s push to expand commercial shipbuilding and by proposed defence programmes. SDHI is well placed to win at home and abroad, and to turn that into sustained growth for our shareholders.” Home to the country’s largest dry dock (662m x 65m) and the largest fabrication capacity of 164,000 tons per annum, SDHI is backed by diversified industrial conglomerate Swan Corp Limited. About Swan Defence and Heavy Industries Limited (SDHI) Swan Defence and Heavy Industries Limited (SDHI), formerly known as Reliance Naval and Engineering Limited, is India’s leading shipbuilding and heavy fabrication company. Strategically located on the west coast of India, close to key global trade routes, the shipyard is home to the country’s largest dry dock (662m x 65m) and the largest fabrication capacity of 164,000 tons per annum. SDHI is backed by diversified industrial conglomerate Swan Corp Limited. Website: www.sdhi.co.in Media Contact: Poonam Malpure | poonam.malpure@swan.co.in | +91 96730 66638 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 & [Showing first 8,000 characters — download PDF for full document]