Swan corp Limited has issued a formal clarification to BSE Limited addressing concerns about a significant increase in its trading volume. The response, dated April 17, 2026, came in reply to BSE's inquiry letter numbered L/SURV/ONL/PV/SG/2026-2027/43.

Regulatory Compliance Confirmation

The company has categorically stated that it has fulfilled all disclosure obligations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Swan Corp emphasized that no material information or events have been withheld that could potentially influence the stock's price or volume behavior.

Key Response Details

Transparency and Future Commitments

The company assured BSE that all information provided is already in the public domain. Swan Corp reiterated its commitment to maintaining transparency and continuing compliance with SEBI regulations. The management pledged to keep stock exchanges informed about all price-sensitive information in a timely manner.

Corporate Governance

Company Secretary Saptarshi Ganguly digitally signed the response on April 17, 2026, at 15:14:39 IST, demonstrating the company's adherence to modern documentation practices. The formal communication was addressed to BSE Limited's office at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai.

The clarification serves to address market concerns while reinforcing Swan Corp's commitment to regulatory compliance and transparent communication with stakeholders and exchanges.

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.