Swan Corp Limited has issued a corporate guarantee worth ₹72.57 crores to secure repayment obligations of its subsidiary Swan LNG Private Limited on March 27, 2026. The company notified both National Stock Exchange and BSE Limited about this significant financial commitment under regulatory compliance requirements.

Corporate Guarantee Details

The guarantee was issued pursuant to Regulation 30 of the SEBI Listing Regulations read with Para B of Part A of Schedule III. Swan Corp Limited provided the guarantee amount of ₹72.57 crores (Rupees Seventy Two Crores and Fifty Seven lakhs) specifically for securing repayment obligations of Swan LNG Private Limited, which operates as a subsidiary company.

Regulatory Compliance and Disclosure

The disclosure was made in compliance with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Company Secretary and Compliance Officer Saptarshi Ganguly signed the regulatory filing, ensuring proper documentation of this corporate guarantee transaction.

Transaction Structure and Impact

According to the regulatory filing, there is no direct interest of promoter, promoter group, or group companies of Swan Corp Limited in this transaction, except for the fact that Swan LNG Private Limited operates as a subsidiary company. The company has clarified that as of the issuance date of the corporate guarantee, there is no immediate pecuniary impact on Swan Corp Limited.

The guarantee represents a standard parent company support mechanism for subsidiary operations, enabling Swan LNG Private Limited to secure its repayment obligations with the backing of its parent company's financial commitment.

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.