Announced Tue, 19 May · 19:14 IST

Swan Defence and Heavy Industries Limited has informed the Exchange regarding change in director of the Company.

Management Changes View source PDF

SWANDEF · price

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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹1899.90
prior close
₹1850.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3-0.0+0.0+1.6+0.7+0.4+1.1+0.8+4.0+12.6+3.7+10.5+19.2
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AI summary

Swan Defence and Heavy Industries Limited has announced the regularisation of Mr. Jayaramakrishnan Kannan (DIN: 06551104) as a Non-Executive Independent Director. He was initially appointed as an Additional Director on 31st March, 2026, and shareholders approved his regularisation through a Postal Ballot Resolution passed on 19th May, 2026. His appointment is for a term of 5 years, from 31st March, 2026 to 30th March, 2031. Mr. Kannan is a former Vice President and Head of Global Alliances at Tata Consultancy Services (TCS) with around 40 years of experience in the IT industry. He is not related to any existing directors of the company.

Likely market impact

This is a routine board appointment providing governance stability. The addition of an experienced independent director from the IT sector may bring relevant expertise, though it is unlikely to have any immediate impact on the stock price.