SWAN CORP LIMITED has informed the Exchange regarding Notice of Postal Ballot.
SWANCORP · price
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Swan Corp Limited is seeking shareholder approval via postal ballot for appointing two Non-Executive Independent Directors. Ms. Bhagwati Sharma, a Company Secretary with 14+ years in corporate law and governance, is proposed for appointment from March 23, 2026 for a 5-year term. Mr. Ashish Chhabria, a businessman with 35+ years of industry experience in strategic planning, is proposed from March 25, 2026 for a 5-year term. Both were first appointed as Additional Directors by the Board and are now seeking shareholder ratification through special resolutions. Mr. Chhabria holds approximately 59,800 shares in the company through personal and HUF holdings.
The appointment of these two independent directors will strengthen the company's board governance and oversight capabilities. Mr. Chhabria's significant shareholding indicates alignment with shareholder interests. These appointments are routine governance matters and typically have a neutral to slightly positive impact on stock sentiment.