Swan corp Limited has announced significant board changes with the appointment of a new Additional Independent Director and the initiation of a postal ballot process for shareholder approvals.

Board Approves New Independent Director

The Board of Directors approved the appointment of Mr. Ashish Chhabria as Additional Independent Director through a circular resolution on March 25, 2026. The appointment follows the recommendation of the company's Nomination and Remuneration Committee.

Director Profile and Qualifications

Mr. Ashish Chhabria brings substantial business experience to the board, with more than 35 years of industry expertise as an eminent businessman. The company has confirmed that he is not related to any existing directors and is not debarred from holding directorial positions by SEBI or any other regulatory authority.

Postal Ballot Process Initiated

The board has approved the circulation of a postal ballot notice dated March 25, 2026, to obtain shareholder approval for two independent director appointments:

Regulatory Compliance

The appointments and postal ballot process comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under the listing regulations and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The postal ballot will enable shareholders to vote remotely on both independent director appointments, ensuring broader participation in the decision-making process. Both resolutions require special resolution approval, indicating the significance of these board appointments for the company's governance structure.

Swan Corp Limited has announced a key addition to its Board of Directors with the appointment of Ms. Bhagwati Sharma as Additional Independent Director. The appointment was approved through a Circular Resolution passed by the Board on March 23, 2026, following recommendations from the company's Nomination and Remuneration Committee.

Appointment Details

The Board's decision encompasses several important aspects of Ms. Sharma's directorship:

Professional Background

Ms. Bhagwati Sharma brings substantial expertise to Swan Corp's Board through her extensive professional background. She is a Practicing Company Secretary with more than 14 years of experience in consultancy and providing services in compliance under corporate laws in India. Her specialization in corporate law compliance positions her well to contribute to the company's governance framework.

Regulatory Compliance

The appointment adheres to all regulatory requirements under SEBI guidelines. Key compliance aspects include:

• Ms. Sharma is not related to any existing Directors of the Company
• She is not debarred from holding office of director by virtue of any order of SEBI or any other authority
• The disclosure meets requirements under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
• Documentation includes detailed disclosures as per SEBI Circular dated July 13, 2023

Corporate Governance Enhancement

This appointment represents Swan Corp's continued commitment to strengthening its corporate governance structure. The addition of an experienced independent director with specialized knowledge in corporate law compliance will enhance the Board's oversight capabilities and contribute to the company's regulatory adherence.

The appointment notification was signed by Saptarshi Ganguly, Company Secretary & Compliance Officer, and has been communicated to both the National Stock Exchange Limited and BSE Limited as required under listing regulations.