Swan Corp Limited has issued a postal ballot notice dated April 16, 2026, seeking shareholder approval for the appointment of two Non-Executive Independent Directors through electronic voting. The company has engaged National Securities Depository Limited to provide e-voting facility to its members for conducting the postal ballot process.

Regulatory Compliance and Publication

Following standard regulatory compliance procedures, Swan Corp Limited submitted copies of newspaper advertisements to both National Stock Exchange Limited and BSE Limited on April 17, 2026. The postal ballot notice was published in Business Standard (English) and Mumbai Lakshdeep (Marathi) newspapers on the same date, ensuring proper public disclosure as required under corporate governance norms.

E-Voting Schedule and Process

The electronic voting process is scheduled with specific timelines for shareholder participation:

The postal ballot notice has been sent electronically to members whose email addresses are registered with the company or depositories as of the cut-off date. Physical postal ballot forms will not be distributed, and voting will be conducted exclusively through the electronic platform.

Proposed Director Appointments

The company seeks approval for appointing two new Independent Directors through special resolutions:

Ms. Bhagwati Sharma - Independent Director

Ms. Sharma is a professional Company Secretary with extensive experience in corporate law compliance and consultancy services. She currently serves on the boards of unlisted public companies including Shaktigarh Textile & Industries Limited, Jamshedpur Transport Co. Limited, and Responce Renewable Energy Limited.

Mr. Ashish Chhabria - Independent Director

Mr. Chhabria brings significant business experience as an eminent businessman with over three decades of industry expertise. He also holds shares in the company through his HUF (39,100 shares) and has immediate relatives holding 15,700 shares.

Board Recommendations and Compliance

Both appointments have been recommended by the Nomination and Remuneration Committee following evaluation of the candidates' skills, experience, and knowledge. The Board of Directors, meeting on March 25, 2026, approved these appointments subject to shareholder approval through special resolutions.

The appointments comply with Sections 149, 150, and 152 of the Companies Act, 2013, along with SEBI Listing Regulations. Both candidates have submitted declarations of independence and meet the criteria specified under relevant regulations.

Voting Process and Member Guidelines

Shareholders can access the e-voting platform through multiple channels including NSDL's website, mobile applications, and depository participant platforms. The voting rights will be proportionate to shareholding as of the cut-off date of April 10, 2026.

Institutional shareholders must submit board resolutions and authority letters to the scrutinizer. Individual shareholders holding securities in demat mode can vote through their depository accounts, while those with physical shares need to follow specific registration procedures.

The resolutions, if approved by requisite majority, will be deemed passed on May 19, 2026, being the last date for e-voting. Results along with the scrutinizer's report will be communicated to stock exchanges and uploaded on the company's website and NSDL's platform.

Swan Corp Limited's promoter entity Swan Realtors Private Limited has submitted a revised disclosure to stock exchanges regarding the pledge creation of 3,00,00,000 equity shares under SEBI (SAST) Regulations, 2011. The disclosure was filed on 15th April, 2026, in response to a query from BSE Limited.

Pledge Transaction Details

The pledge creation involves a significant portion of Swan Realtors' shareholding in Swan Corp Limited. The transaction details are structured as follows:

Shareholding Structure

Swan Realtors Private Limited maintains a substantial holding in Swan Corp Limited, with the pledge representing a portion of its total investment:

Purpose and Security

The pledge has been created as security for a financial facility obtained by a group entity from National Bank for Financing Infrastructure and Development. IDBI Trusteeship Services Limited acts as the trustee entity in whose favor the shares have been encumbered.

Other Promoter Holdings

The disclosure also provides information about other promoter entities with existing pledged shareholdings:

• Dave Impex Private Limited: Holds 4,60,30,400 shares (14.68%) with 1,39,91,000 shares (4.46%) already pledged
• Swan Engitech Works Private Limited: Holds 3,84,02,858 shares (12.25%) with 1,35,00,000 shares (4.30%) already pledged

Regulatory Compliance

The revised disclosure was signed by Paresh Merchant, Director of Swan Realtors Private Limited (DIN: 00660027), and submitted to both BSE Limited and National Stock Exchange of India Limited where Swan Corp Limited's shares are listed. The company has requested the stock exchanges to take the disclosure on record as per regulatory requirements.