XCHANGING · price
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Xchanging Solutions Limited, a DXC Technology Company, announced the results of a Postal Ballot conducted via remote e-voting that closed on May 28, 2025. Two resolutions were approved with overwhelming shareholder support: (1) appointment of Mr. Swaminathan Swaminathan (DIN: 10976726) as Director (Ordinary Resolution) with 99.995% votes in favour, and (2) his appointment as Managing Director & CEO (Special Resolution) with 99.994% votes in favour. Promoters holding 8.35 crore shares voted 100% in favour, public institutions (3.41 lakh shares) voted 100% in favour, while public non-institutions (~2.75 crore shares) showed ~98.2% support. Total valid votes polled were 8.38 crore shares, representing 75.22% of the voting capital of 11.14 crore equity shares.
Mr. Swaminathan Swaminathan is now formally appointed as Director and Managing Director & CEO of Xchanging Solutions, bringing leadership continuity under DXC Technology. The near-unanimous approval signals strong shareholder confidence in the new leadership and is unlikely to create any negative price reaction.