Swan Corp Limited — Capital/Financing Update 2024

Feb 29, 2024

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Date: February 29, 2024

The Deputy General Manager, The Deputy General Manager, Corporate Relationships Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Fort Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 SCRIP CODE : 503310 SCRIP SYMBOL : SWANENERGY

Sub: Qualified institutions placement of equity shares of face value Re. 1 each (the “Equity Shares”) by Swan Energy Limited (the “Company”) under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”) Section 42 and 62(1)(c) of the Companies Act, 2013, as amended (the “Companies Act, 2013”), read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended (the “PAS Rules”), and other applicable provisions of the Companies Act, 2013. (the “Issue”).

Please note that the Fund Raising Committee (“ Committee ”) has, at its meeting held today i.e., February 29, 2024 approved the issue and allotment of 4,95,39,886 Equity Shares of face value ₹ 1 each to eligible qualified institutional buyers at the issue price of ₹ 670 per Equity Share (including a premium of ₹ 669 per Equity Share) against the floor price of ₹ 703.29 per Equity Share, aggregating to ₹33,19,17,23,620, pursuant to the Issue in accordance with Regulation 176(1) of Chapter VI of the SEBI ICDR Regulations.

The Issue opened on February 20, 2024 and closed on February 28, 2024 and the same was intimated to you through our letters dated February 20, 2024 and February 23, 2024 respectively.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from ₹ 26,39,17,000, comprising of 26,39,17,000 Equity Shares to ₹ 31,34,56,886, comprising of 31,34,56,886 Equity Shares.

Further, find attached herewith the list of allottees who have been allotted more than five percent (5%) of the Equity Shares offered in the Issue, marked as Annexure A .

The meeting of the Committee commenced at 12.30 p.m. and concluded at 01.00 p.m.

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you,

Yours faithfully,

For Swan Energy Limited ARUN Digitally signed by ARUN SATYANARAIN SATYANARAI AGARWAL Date: 2024.02.29 N AGARWAL 13:14:24 +05'30'

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Arun S Agarwal

Company Secretary and Compliance Officer

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ANNEXURE A

LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5% OF THE EQUITY SHARES OFFERED IN THE ISSUE

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No. of Equity % of Total Issue
S. No. Name of the Proposed Allottees
Shares Allocated Size
1 QUANT MUTUL FUND 89,55,223 18.08%
1A QUANT MUTUAL FUND - QUANT CONSUMPTION FUND 2,23,880 0.45%
1B QUANT MUTUAL FUND - QUANT PSU FUND 4,92,537 0.99%
QUANT MUTUAL FUND - QUANT MANUFACTURING
4,02,985 0.81%
1C FUND
QUANT MUTUAL FUND - QUANT DYNAMIC ASSET
5,37,313 1.08%
1D ALLOCATION FUND
QUANT MUTUAL FUND - QUANT BUSINESS CYCLE
4,02,985 0.81%
1E FUND
1F QUANT MUTUAL FUND - QUANT ACTIVE FUND 22,38,805 4.52%
1G QUANT MUTUAL FUND - QUANT FLEXI CAP FUND 17,91,044 3.62%
1H QUANT MUTUAL FUND-QUANT ELSS TAX SAVER FUND 26,26,869 5.30%
1I QUANT MUTUAL FUND - QUANT COMMODITIES FUND 2,38,805 0.48%
2 LIFE INSURANCE CORPORATION OF INDIA 44,77,611 9.04%
3 SBI LIFE INSURANCE COMPANY LIMITED 44,77,611 9.04%
4 LEADING LIGHT FUND VCC - THE TRIUMPH FUND 33,58,208 6.78%
5 DOVETAIL INDIA LIMITED 26,86,566 5.42%
5A DOVETAIL INDIA FUND CLASS 5 19,40,298 3.92%
5B DOVETAIL INDIA FUND CLASS 8 7,46,268 1.51%
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ARUN Digitally signed by ARUN SATYANARAIN SATYANARAI AGARWAL Date: 2024.02.29 N AGARWAL 13:15:18 +05'30'