Swan Corp Limited announced the resignation of Independent Director, Mr. Ashishkumar Bairagra (DIN: 00049591), effective today, February 20, 2026. Mr. Bairagra cited personal difficulty as the sole reason for his immediate departure. The company confirmed he holds no other directorships in listed entities and that no other material reasons influenced his decision beyond those stated in his letter.
Immediate Resignation of Independent Director Confirmed
Swan Corp Limited has formally notified stock exchanges regarding a change in its Board composition. Mr. Ashishkumar Bairagra, holding Director Identification Number (DIN) 00049591, tendered his resignation from the position of Independent Director with immediate effect on February 20, 2026.
Reason for Cessation
The official disclosure, detailed in Annexure A, confirms that Mr. Bairagra’s resignation is due to personal difficulty at this point in time. The resigning director has explicitly confirmed that there are no other material reasons for his resignation other than the personal challenge mentioned.
Director Profile Confirmation
It is confirmed that Mr. Bairagra does not currently hold any directorships in any other listed entities. Furthermore, the company stated that matters such as appointments, relationships between directors, or the brief profile of the director upon appointment are Not Applicable in this context of resignation.
The company expressed thanks to Mr. Bairagra for his cooperation during his tenure and requested acknowledgment of the receipt of his resignation letter, which was dated February 20, 2026.
Source: BSE
