Swan Corp Appoints Two Independent Directors

Swan Corp Limited shareholders have approved the appointment of Ms. Bhagwati Sharma and Mr. Ashish Chhabria as Non-Executive Independent Directors to the company's board. The resolutions passed with a strong majority through postal ballots using remote e-voting, which concluded on May 19, 2026.

Shareholder Approval Secured

Shareholders voted to appoint Ms. Bhagwati Sharma and Mr. Ashish Chhabria as Non-Executive Independent Directors. The voting, conducted via remote e-voting, closed on May 19, 2026.

Strengthening Corporate Governance

The addition of these two independent directors is expected to enhance Swan Corp's corporate governance framework, potentially improving board oversight and strategic decision-making.

Background to Appointments

The postal ballot process was initiated to formalize the induction of new independent members to the board. The eligibility cutoff date for voting was April 10, 2026.

Impact on the Board

The Swan Corp Ltd board will now include Ms. Bhagwati Sharma and Mr. Ashish Chhabria, contributing fresh perspectives and independent judgment to the company's governance and strategy.

Industry Practice

Appointing independent directors is a standard practice for listed companies, aligning with corporate governance best practices and regulatory expectations.

Voting Results

• Ms. Bhagwati Sharma: 233,843,569 votes in favour, 12,575 votes against.
• Mr. Ashish Chhabria: 226,301,234 votes in favour, 7,555,520 votes against.
• Voting Method: Postal ballot with remote e-voting.
• Voting End Date: May 19, 2026.