SWAN CORP LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025.
SWANCORP · price
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Swan Corp Limited (formerly Swan Energy Limited) held its 117th AGM on September 29, 2025, via video conferencing from 11:30 AM to 11:59 AM. Six ordinary resolutions were tabled and all were passed. Key items included: adoption of audited financial statements for FY25 (passed with 99.94% in favour), declaration of a final dividend of Re. 0.10 per share (10% on Re. 1 face value), totaling Rs. 3.13 crore, for FY25 (passed with 99.9999% in favour), re-appointment of Mr. Paresh Merchant as a director retiring by rotation (95.33% in favour), ratification of cost auditor remuneration of Rs. 75,000 for FY26 (99.9999% in favour), appointment of M/s. SKJP & Associates as secretarial auditor for FY26–FY30 (99.94% in favour), and approval of limits for material related party transactions (51.12% in favour). Out of 1,65,263 total shareholders on record date, 14 promoter group members and 70 public shareholders attended online.
Shareholders will receive a small final dividend of Re. 0.10 per share, a modest payout given the Re. 1 face value. The material related party transactions resolution passed only narrowly (51.12% in favour), with public institutions voting 54.18% against it, suggesting some institutional investor discomfort with related-party dealings, which is a point worth monitoring.