Intimation of Results of Postal Ballot
XCHANGING · price
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Xchanging Solutions Limited (a DXC Technology Company) has announced the results of a postal ballot conducted via remote e-voting from April 29 to May 28, 2025. Two resolutions were approved with overwhelming majority: (1) Appointment of Mr. Swaminathan Swaminathan (DIN: 10976726) as Director of the Company (Ordinary Resolution) passed with 99.99% votes in favor, and (2) Appointment of Mr. Swaminathan Swaminathan as Managing Director & CEO (Special Resolution) passed with 99.99% votes in favor. Promoters holding 8.35 crore shares voted 100% in favor of both resolutions, while public non-institutions showed about 98% support. Of the total voting capital of 11.14 crore equity shares, about 75.22% participated in the voting.
Mr. Swaminathan Swaminathan is now formally appointed as Director and Managing Director & CEO of Xchanging Solutions. This is a routine corporate governance update and confirms leadership continuity at the company. Investors may watch for his strategic direction in upcoming quarters, though no material impact on share price is expected from this announcement.