Swan Defence Secures NCLT Sanction For Triumph Offshore Amalgamation

NCLT sanctioned Triumph Offshore Private Limited’s amalgamation into Swan Defence and Heavy Industries, with TOPL to dissolve without winding up. The scheme becomes effective upon filing the certified order with the Registrar of Companies; SDHIL will issue 1,325 preference shares per 1,000 TOPL equity shares. Context: clears the pending amalgamation milestone.