Swan Corp 118th AGM Approves All Nine Resolutions

Meeting Type: 118th Annual General Meeting (AGM)
Date: Friday, September 4, 2026
Time: 11:30 AM to 12:20 PM IST
Location: Conducted through Video Conferencing / Other Audio-Visual Means (VC/OAVM)
Record Date: August 28, 2026

The AGM considered and approved nine resolutions:

1. Ordinary Business:

Adoption of IND AS compliant Audited Standalone and Consolidated Financial Statements for FY 2025-26.
Declaration of Dividend of ₹0.15 per equity share (face value ₹1) for FY 2025-26.
Re-appointment of Mr. Navinbhai Dave (DIN: 01787259) as Director retiring by rotation.
Re-appointment of Mr. Chetan Selarka (DIN: 03224037) as Director retiring by rotation.
Ratification of Cost Auditor's Remuneration for FY 2026-27.

2. Special Business:

Re-appointment of Mr. Sugavanam Padmanabhan (DIN: 03229120) as Whole-Time Director.
Approval of Material Related Party Transactions of the Company.
Approval of Material Related Party Transactions of Subsidiaries of the Company.
Approval of payment of remuneration to Mr. Bhavik Merchant, Mr. Vivek Merchant, and Ms. Vinita Patel for holding office or place of profit.

The voting was conducted through remote e-voting prior to the AGM and e-voting during the AGM.
Remote e-voting was available from September 1, 2026, at 9:00 AM IST to September 3, 2026, at 5:00 PM IST via the NSDL e-voting platform.
E-voting during the AGM was available for shareholders present online who had not voted remotely, open until 15 minutes after the meeting concluded (12:35 PM IST).
The scrutinizer, Mr. Jignesh Pandya (Practicing Company Secretary, CP No. 7346 of M/s. Jignesh M. Pandya & Co.), was appointed by the Board on May 29, 2026, to oversee the entire e-voting process.

1. Adoption of Financial Statements (Ordinary Resolution)

2. Declaration of Dividend (Ordinary Resolution)

3. Re-appointment of Mr. Navinbhai Dave (Ordinary Resolution)

4. Re-appointment of Mr. Chetan Selarka (Ordinary Resolution)

5. Ratification of Cost Auditor's Remuneration (Ordinary Resolution)

6. Re-appointment of Mr. Sugavanam Padmanabhan (Special Resolution)

7. Approval of Material RPTs of Company (Ordinary Resolution)

8. Approval of Material RPTs of Subsidiaries (Ordinary Resolution)

9. Approval of Remuneration to Key Managerial Personnel (Ordinary Resolution)

Promoter and Promoter Group:
Votes Polled: 169,103,000 (99.9734% of their holding)
Did not vote on resolutions where they were interested (Resolutions 7, 8, and 9).
Public Institutions:
Votes Polled: 53,914,599 (78.4221% of their holding)
Public Non-Institutions:
Votes Polled: 2,866,721 (3.7940% of their holding)

Mr. Jignesh Pandya was the scrutinizer for the e-voting process.
He confirmed that the voting was conducted in compliance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.
The scrutinizer's report dated September 4, 2026, was submitted to the company, detailing the votes cast remotely and during the AGM.
All resolutions were passed with the requisite majority.
The voting records will remain in the scrutinizer's custody until the Chairman approves the minutes, after which they will be handed over to the company.

The AGM was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, and relevant rules.
The notice of the AGM was sent to shareholders electronically as per MCA and SEBI circulars.
The voting results and scrutinizer's report are available on the company's website (www.swan.co.in) and NSDL's website (www.evoting.nsdl.com).

The meeting was chaired by Mr. Navinbhai Dave, Chairman of the company.
52 shareholders were present online, and quorum was met.
13 out of 17 registered speaker shareholders raised queries, which were addressed by Mr. Niraj Khatri, AVP (F&A).
The company received board resolutions under Section 113 from 12 corporate members holding 169,061,500 equity shares (53.93% of total equity capital) authorizing representatives to attend the meeting.