Re-appointment of Mr. Sugavanam Padmanabhan as Whole Time Director of the Company
SWANCORP · price
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The Board of Directors of Swan Corp Limited has approved the re-appointment of Mr. Sugavanam Padmanabhan as Whole-Time Director for a further term of three years starting from 24th September 2026. His appointment is subject to shareholder approval at the upcoming AGM. Mr. Padmanabhan is a Chartered Accountant and former Director (Finance) of Indian Oil Corporation Limited with over 50 years of experience in the Oil & Gas industry. He is not related to any Director on the board. Additionally, the Board appointed Mr. Narendra Vala as Internal Auditor and M/s. Nisha Patel & Associates as Cost Auditor, both for the financial year 2026-27.
Continuity in leadership with an experienced director provides stability to the company. The appointment of new internal and cost auditors ensures compliance with statutory requirements. No immediate material impact on stock price expected as this is a routine governance matter.