Swan Corp Limited, a prominent company in the Indian corporate landscape, has announced a significant change in its key managerial personnel. The company has appointed Mr. Saptarshi Ganguly as its new Company Secretary and Compliance Officer, effective November 14, 2025. This appointment follows the resignation of Mr. Bhushan Kishore Joshi from the same position.

Key Highlights of the Appointment

• Effective Date: November 14, 2025
• Position: Company Secretary and Compliance Officer
• Additional Designation: Key Managerial Personnel (KMP)

Profile of Mr. Saptarshi Ganguly

Mr. Ganguly brings a wealth of experience and qualifications to his new role:

• Professional Memberships:

  • Fellow Member (FCS 12416) of the Institute of Company Secretaries of India
  • Associate Member (ACMA 36249) of the Institute of Cost Accounts of India

• Experience: Approximately 20 years in secretarial and legal functions within listed entities

• Additional Qualification: Diploma in Corporate Governance (Post Membership Qualification from the Institute of Company Secretaries of India)

• Previous Association: Veedol Corporation Limited

Appointment Process and Compliance

The appointment of Mr. Ganguly was approved by the board of Swan Corp Limited based on the recommendation of the Nomination Remuneration Committee. This appointment is in line with the provisions of Section 203 of the Companies Act, 2013, and applicable rules.

Outgoing Company Secretary

Mr. Bhushan Kishore Joshi, the outgoing Company Secretary and Compliance Officer, tendered his resignation on November 7, 2025, citing organizational reshuffling as the reason. His last day of service will be November 14, 2025.

Updated Key Managerial Personnel

Following this change, the key managerial personnel of Swan Corp Limited are:

This appointment marks a significant change in Swan Corp Limited's corporate structure. The extensive experience and qualifications of Mr. Ganguly suggest that he is well-equipped to handle the responsibilities of his new role.

Swan Corp , a prominent player in the Indian market, has reported its financial results for the second quarter, showcasing a mixed performance with both improvements and challenges. The company has managed to significantly reduce its net loss while achieving revenue growth, but faces a substantial decline in its EBITDA.

Financial Highlights

Improved Bottom Line

Swan Corp has made significant strides in reducing its net loss, which decreased from ₹512.80 crore in the previous year's Q2 to ₹38.10 crore in the current quarter. This substantial improvement of 92.6% in the bottom line indicates the company's efforts in cost management and operational efficiency.

Revenue Growth

The company reported a 10.3% year-over-year increase in revenue, rising from ₹1,032.00 crore to ₹1,138.00 crore. This growth suggests that Swan Corp has been able to expand its market presence or increase its sales volume despite challenging market conditions.

EBITDA Pressure

Despite the revenue growth and reduced net loss, Swan Corp experienced a sharp decline in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The EBITDA fell from ₹120.00 crore in the previous year's Q2 to just ₹5.00 crore in the current quarter, marking a 95.8% decrease. This significant drop in EBITDA indicates potential challenges in maintaining operational profitability.

Margin Compression

The EBITDA margin saw a substantial compression, dropping from 11.64% in the previous year's Q2 to 0.44% in the current quarter. This 11.2 percentage point decrease suggests that the company is facing pressures on its operational efficiency and cost structure.

Management Changes

In related news, Swan Corp has announced changes in its key management personnel. Mr. Saptarshi Ganguly has been appointed as the new Company Secretary & Compliance Officer, effective November 14, 2025. He replaces Mr. Bhushan K Joshi, who has resigned from the position due to organizational reshuffling.

Mr. Ganguly brings extensive experience to his new role, being a Fellow Member of the Institute of Company Secretaries of India and an Associate Member of the Institute of Cost Accounts of India. His appointment may signal the company's focus on strengthening its corporate governance and compliance functions.

As Swan Corp navigates through these financial challenges and management changes, investors and market observers will be keenly watching how the company plans to improve its operational efficiency and maintain its growth trajectory in the coming quarters.