Swan Energy Ltd. has announced the approval of a Scheme of Arrangement and Amalgamation between its wholly owned subsidiary, Triumph Offshore Private Limited, and its step-down subsidiary, Reliance Naval and Engineering Limited, subject to regulatory approvals. Triumph Offshore reported a turnover of ₹63,205 lakhs and a net worth of ₹77,423 lakhs for the year ended March 31, 2024, while Reliance Naval had a turnover of ₹47,337 lakhs.