The Board of Directors of Swan Corp Limited approved the appointment of two new Additional Independent Directors: Mr. Ashish Chhabria and Ms. Bhagwati Sharma. Mr. Chhabria’s appointment is effective March 25, 2026, for five years, pending shareholder approval. The company will seek ratification for both appointments via a Postal Ballot Notice, utilizing Remote e-Voting for shareholder consent.
Key Board Decisions on Appointments
Swan Corp Limited announced that its Board of Directors, through a Circular Resolution passed on Wednesday, March 25, 2026, has approved significant changes to its directorship.
Appointment of Mr. Ashish Chhabria
The Board has approved the appointment of Mr. Ashish Chhabria (DIN: 11564611) as an Additional Director in the category of Independent Director. This appointment is effective from March 25, 2026, and is subject to shareholder approval.
- Term: The appointment is for a period of 5 years, running from March 25, 2026, to March 24, 2031.
- Profile: Mr. Chhabria is described as an eminent businessman with over 35 years of industry experience.
- Relationships: He is not related to any existing Directors of the Company.
Shareholder Ratification via Postal Ballot
The Board also approved the circulation of a Postal Ballot Notice to obtain the necessary approval from shareholders for the appointments of both new Independent Directors:
- Ms. Bhagwati Sharma (DIN: 09632127) as Non-Executive Independent Director.
- Mr. Ashish Chhabria (DIN: 11564611) as Non-Executive Independent Director.
The resolutions regarding both appointments will be passed by way of a Special Resolution, and the voting mechanism will be through Remote e-Voting. The date of the Postal Ballot Notice is set for March 25, 2026.
Source: BSE
