SWAN CORP LIMITED has informed the Exchange regarding Appointment of Mr. Ashish Chhabria as Non- Executive Independent Director of the company w.e.f. March 25, 2026.
SWANCORP · price
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Swan Corp Limited (formerly Swan Energy Limited) has appointed Mr. Ashish Chhabria (DIN: 11564611) as an Additional Non-Executive Independent Director effective March 25, 2026, for a 5-year term until March 24, 2031. Mr. Chhabria is described as an eminent businessman with over 35 years of industry experience and is not related to any existing directors on the board. His appointment is subject to shareholder approval, for which a postal ballot notice will be circulated. Separately, a postal ballot is also being sent to seek shareholder approval for the appointment of Ms. Bhagwati Sharma as Independent Director, with both resolutions to be passed via remote e-voting.
This is a routine board strengthening move, adding an experienced independent director. It is unlikely to have a direct material impact on the stock price but reflects ongoing governance changes at the company. Shareholders will get to vote on the appointment via postal ballot.