Swan Defence and Heavy Industries Limited has informed the Exchange regarding Notice of Postal Ballot
SWANDEF · price
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Swan Defence and Heavy Industries Limited is seeking shareholder approval via postal ballot for appointing Mr. Jayaramakrishnan Kannan as a Non-Executive Independent Director for a 5-year term (31 March 2026 to 30 March 2031). Mr. Kannan, 72, is a post-graduate from Bajaj Institute of Management with around 40 years of IT industry experience, including 30+ years at Tata Consultancy Services where he served as Vice President - Global Alliances. He was appointed as Additional Director (Independent) effective 31 March 2026 and this postal ballot seeks to regularise his appointment as Independent Director through a Special Resolution. E-voting is open from 20 April 2026 to 19 May 2026, with results to be declared by 21 May 2026.
The appointment brings experienced IT and corporate governance expertise to the Board. Since this is a routine director appointment requiring shareholder approval, it is unlikely to have significant short-term stock price impact unless shareholders raise concerns about the candidate's credentials or independence.