Announced Tue, 31 Mar · 18:22 IST

Swan Defence and Heavy Industries Limited has informed the Exchange regarding Appointment of Mr Jayaramakrishnan Kannan as Non- Executive Independent Director of the company w.e.f. March 31, 2026.

Management Changes View source PDF

SWANDEF · price

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Price reaction · full curve 14 horizons · vs prior close
+3.0%1-day move
₹1592.80
prior close
₹1601.00
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.9-1.6+1.4+2.4+3.0+7.2+11.7+14.5+11.4+13.0+14.0+13.3+34.4+40.7
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AI summary

Swan Defence and Heavy Industries has appointed Mr. Jayaramakrishnan Kannan (DIN: 06551104) as an Additional Director in the category of Non-Executive Independent Director, effective March 31, 2026, for a five-year term until March 30, 2031. Mr. Kannan retired from TCS as Vice President and Head of Global Alliances, with around 40 years in the IT industry and over 30 years at TCS. He currently serves on the boards of AiQOD, Mitraa, Amitech, Manisha Soft Solutions, and Pillar Rocks. The appointment is subject to shareholder approval, for which a postal ballot notice will be circulated. He is not related to any existing directors and is not debarred by SEBI.

Likely market impact

This is a routine board composition change and is unlikely to have a material impact on the stock price. The addition of an experienced IT industry veteran could bring valuable strategic and digital expertise to the board of this defence and heavy industries company.