Swan Defence and Heavy Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP
SWANDEF · price
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Rajesh Bhardwaj has resigned as Chief Financial Officer (CFO) of Swan Defence and Heavy Industries Limited effective from the close of business hours on 27th May 2026. The resignation is attributed to organizational restructuring of the finance leadership framework. He is pursuing a new role within the organisation and will remain committed to supporting the company in his new capacity. The company has appointed Mr. Jignesh Shah as the new CFO effective from 28th May 2026, who brings over 27 years of experience in financial management with 15 years in leadership roles across ship building, renewables, infrastructure, manufacturing and real estate sectors.
The CFO change appears to be part of a planned leadership transition rather than a red flag, as the outgoing CFO is staying with the company in a new role and a replacement with strong credentials has been appointed.