Key Resolutions and Quantitative Details

Resolution 1: Appointment of Ashish Anand as Non-Executive Independent Director

  • Director Name: Mr. Ashish Anand (DIN: 11680795)
  • Position: Non-Executive Independent Director
  • Term: 5 consecutive years from September 07, 2026 to September 06, 2031
  • Appointment Type: First term as Independent Director
  • Remuneration: Entitled to sitting fees for Board and Committee meetings (amount not specified)
  • Background: Seasoned business management professional with 25+ years experience across finance, operations, and strategic advisory. Qualifications include IHM, MBA, LL.B., Ph.D. in Management, and Certified Hotel Administrator.
  • Current Directorships: 1 listed entity, 0 unlisted entities
  • Shareholding: Nil shares in the company

Resolution 2: Appointment and Remuneration of Tushar Parekh as Executive Director

  • Director Name: Mr. Tushar Parekh (DIN: 09503596)
  • Position: Executive Director
  • Term: 3 years from November 03, 2026 to November 02, 2029
  • Current Role: Chief Technical Officer (CTO) since July 01, 2025
  • Remuneration: ₹58,09,800 per annum (increased from previous ₹50,52,000)
  • Remuneration Components:
  • Company's contribution to Provident Fund, Superannuation Fund, Annuity Fund, and Gratuity
  • House rent allowance
  • Local travel allowance
  • Medical reimbursement
  • Special allowance
  • Background: 35 years technology leadership experience in payments, healthcare, and eLearning. Expertise in cloud computing, Big Data, DevOps, and full-stack development.
  • Qualifications: Bachelor of Engineering in Computer Engineering from University of Bombay
  • Current Directorships: 0 listed entities, 1 unlisted entity
  • Shareholding: Nil shares in the company

Voting Process and Timeline

  • Cut-off Date: October 30, 2026 for determining voting eligibility
  • Voting Period: November 06, 2026 (9:00 AM IST) to December 05, 2026 (5:00 PM IST)
  • Voting Method: Remote e-voting only through NSDL platform
  • Result Declaration: Within 2 working days after voting concludes
  • Scrutinizer: M/s. Disha Ramani & Associates, Practicing Company Secretary
  • Voting Rights: Proportional to shares held as of cut-off date

Financial Context

Company financial performance for reference:

  • FY 2025-26: Total Revenue ₹210.64 lakh, Total Expenditure ₹264.53 lakh, Loss before Tax ₹(53.88) lakh
  • FY 2024-25: Total Revenue ₹19.14 lakh, Total Expenditure ₹117.26 lakh, Loss before Tax ₹(98.12) lakh

The company describes itself as in a "transitional phase" exiting traditional investments and redeploying into new-age industries.

Additional Information

  • Notice available on company website: www.swordedge.in
  • Documents available for electronic inspection by members during voting period
  • Institutional members must submit authorization documents via email
  • No physical copies of ballot materials being sent - electronic mode only