Intimation under Regulation 30 for 1) Re-appointment of Mr. Sugavanam Padmanabhan as Whole-time Director of the Company for 3 years w.e.f. 24/09/2026; 2) Appointment of Internal Auditor ....
SWANCORP · price
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Swan Corp Ltd's Board meeting on 29th May 2026 approved three items: (1) Re-appointment of Mr. Sugavanam Padmanabhan as Whole-time Director for 3 years starting 24th September 2026, subject to shareholder approval at the ensuing AGM. Mr. Padmanabhan is a Chartered Accountant and former Director (Finance) of Indian Oil Corporation with over 50 years of experience in the Oil & Gas sector. (2) Appointment of Mr. Narendra Vala, a Chartered Accountant with 11 years of manufacturing industry experience, as Internal Auditor for FY 2026-27. (3) Appointment of M/s. Nisha Patel & Associates, led by Ms. Nisha Patel, a Cost Accountant with 14+ years of experience, as Cost Auditor for FY 2026-27. The board meeting lasted from 3 PM to 5 PM.
These are routine governance appointments. The re-appointment of an experienced Whole-time Director and appointment of qualified auditors signal continuity in governance and compliance. No material share price impact expected as these are standard regulatory compliance items.