Swan Defence and Heavy Industries Limited has submitted to the Exchange a copy of the Scrutinizers Report of Postal Ballot. Further, the Company has informed the Exchange regarding voting Results.
SWANDEF · price
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Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited) has announced the results of its Postal Ballot conducted through remote e-voting. Shareholders voted on the appointment of Mr. Jayaramakrishnan Kannan (DIN: 06551104) as Non-Executive Independent Director of the Company. The resolution was passed as a Special Resolution with overwhelming majority. Out of 52,682,150 total shares, 48,266,170 votes were polled (91.62% turnout). Of these, 48,264,598 votes (99.9967%) were in favour and only 1,572 votes (0.0033%) were against. Promoter and Public Institutional shareholders voted 100% in favour, while Public Non-Institutional shareholders voted 94.61% in favour. The e-voting period ran from April 20, 2026 to May 19, 2026.
The appointment of Mr. Jayaramakrishnan Kannan as Non-Executive Independent Director has been approved by shareholders with near-unanimous support, indicating strong confidence in the new director. This is a routine governance update with minimal direct impact on stock price in the short term.