Scrutinizer''s Report on e-voting results of Postal Ballot
SWANCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swan Corp Limited conducted a postal ballot via remote e-voting concluded on 19 May 2026. Two special resolutions were passed: (1) Appointment of Ms. Bhagwati Sharma as Non-Executive Independent Director — passed with 99.99% in favour (233,843,569 votes for vs 12,575 against) out of 74.6% voter turnout; (2) Appointment of Mr. Ashish Chhabria as Non-Executive Independent Director — passed with 96.77% in favour (226,301,234 votes for vs 7,555,520 against), with notable dissent from public institutions (11.98% against). The scrutinizer was Jignesh M. Pandya of Jignesh Pandya & Co. The resolutions required special majority approval under the Companies Act, 2013.
Both independent director appointments were approved by shareholders with strong mandate. The ~12% opposition to Mr. Chhabria's appointment from public institutions may warrant attention, though the resolution passed comfortably. No immediate share price impact expected as appointments are routine governance matters.