Announced Fri, 20 Feb · 18:20 IST

SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED has informed the Exchange about Resignation of Independent director.

Management Changes View source PDF

SWANDEF · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Ashishkumar Bairagra has resigned as an Independent Director of Swan Defence and Heavy Industries Limited with immediate effect from February 20, 2026. He cited personal difficulty as the reason for stepping down. In his resignation letter, he confirmed there are no other material reasons behind his decision. The company has been requested to inform the stock exchanges about the resignation.

Likely market impact

The departure of one independent director is a routine board change, but shareholders should watch for timely appointment of a replacement to maintain compliance with minimum independent director requirements under SEBI listing norms.