Sword-Edge Commercials Limited has successfully concluded its postal ballot process for the appointment of three independent directors, with shareholders demonstrating strong support across all proposed resolutions. The company announced the results on March 30, 2026, following the completion of remote e-voting on March 29, 2026.

Postal Ballot Results and Director Appointments

The postal ballot process resulted in the approval of three special resolutions for independent director appointments. Each resolution secured the requisite majority required for special resolutions under the Companies Act, 2013.

All three directors have been appointed as Non-Executive Independent Directors for a period of five consecutive years, with their tenure running from January 19, 2026, to January 18, 2031.

Voting Process and Participation

The remote e-voting process was conducted through National Securities Depository Limited (NSDL) platform, with the e-voting event number 138731. The voting period commenced on February 28, 2026, at 9:00 a.m. IST and concluded on March 29, 2026, at 5:00 p.m. IST.

The voting was conducted exclusively through remote e-voting in compliance with MCA circulars, with no physical postal ballot forms distributed to shareholders. Only public non-institutional shareholders participated in the voting process, with approximately 0.53% of the total shareholding casting votes across the resolutions.

Regulatory Compliance and Scrutinizer Report

The postal ballot process was conducted under the supervision of Ashok Patel, Practicing Company Secretary (F.C.S. No. 10977, C.P. No. 15326), who served as the appointed scrutinizer. The process adhered to multiple regulatory frameworks including Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The scrutinizer's report confirmed that all votes were counted accurately in a fair and transparent manner, with no invalid votes recorded during the scrutiny process. The voting results and scrutinizer's report have been uploaded on the company's website at https://swordedge.in/ as required under regulatory provisions.

Corporate Governance Enhancement

The appointment of three independent directors represents a significant step in strengthening Sword-Edge Commercials Limited's corporate governance framework. The strong shareholder approval across all three appointments, particularly the 98.66% support for Ms. Adithi Rathore's appointment, demonstrates investor confidence in the proposed board composition.

The company has fulfilled its disclosure obligations under Regulation 30 and 44(3) of the SEBI Listing Regulations, with Director Sakshi Jhala (DIN: 08169563) signing the regulatory filings submitted to BSE Limited on March 30, 2026.

Source: Company/INE093G01022/34d81bf6-b6cc-4c08-b15c-6fbde21179c4.pdf