Swan Corp Limited Appoints Additional Director and Announces Shareholder Vote
Swan Corp Limited announced the appointment of Mr. Ashish Chhabria as an Additional Independent Director on March 25, 2026. Mr. Chhabria, with a DIN of 11564611, brings over 35 years of industry experience and is considered an eminent businessman of repute. His appointment is effective from March 25, 2026, and is for a period of five years, until March 24, 2031, pending shareholder approval. Mr. Chhabria is not related to any existing directors of the company. The company confirmed that Mr. Chhabria is not debarred from holding office by any regulatory authority.Furthermore, Swan Corp Limited will circulate a Postal Ballot Notice to shareholders seeking approval for the appointments of both Ms. Bhagwati Sharma and Mr. Ashish Chhabria as directors. The notice was dated March 25, 2026. Resolutions to approve these appointments will be passed as Special Resolutions through remote e-voting.
Table: Details of Mr. Ashish Chhabria's Appointment
| Particulars | Remarks |
|---|---|
| Reason for Change | Appointment of Mr. Ashish Chhabria as Additional Independent Director. |
| Date of Appointment & Term | March 25, 2026 to March 24, 2031, subject to shareholder approval. |
| Brief Profile | Eminent businessman with over 35 years of industry experience. |
| Relationship to Directors | Not related to any directors. |
| Regulatory Compliance | Not debarred from holding office by SEBI or other authorities. |
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