Swan Defence Reconstitutes Board Risk Management Committee
Swan Defence and Heavy Industries Limited has reconstituted its Board Risk Management Committee effective February 20, 2026. Mr. Kaiyoze Beji Billimoria will chair the committee, with Mr. Paresh Merchant and Mr. Rajesh Bhardwaj serving as members.
The reconstitution of a board committee is a standard administrative change and is unlikely to have a significant impact on the company's operations or financial performance.
The announcement is a routine corporate governance update regarding the reconstitution of a board committee and does not contain any financial or strategic information that would impact the company's valuation.
Swan Defence and Heavy Industries Limited has announced the reconstitution of its Board of Risk Management Committee, effective February 20, 2026. The decision was made via a Resolution passed by Circulation by the Board of Directors.
The reconstituted committee includes Mr. Kaiyoze Beji Billimoria as Chairman, who is a Non-Executive, Independent Director. Mr. Paresh Merchant, an Executive Director, will serve as a Member. Additionally, Mr. Rajesh Bhardwaj, the Chief Financial Officer, will also be a Member of the committee.
This update is provided pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and has been submitted to both the BSE Limited and the National Stock Exchange of India Limited.
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Swan Defence and Heavy Industries Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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