Swiggy Board Changes: 2 Directors Resign, 3 New Appointments
Swiggy Ltd announced significant changes to its Board of Directors following a meeting on April 10, 2026. Mr. Roger Clark Rabalais, a Nominee Director, and Mr. Lakshmi Nandan Reddy Obul, Whole-Time Director and Head of Innovation, resigned effective April 10, 2026, citing other professional commitments and interests. Concurrently, the Board approved three new appointments: Mr. Renan De Castro Alves Pinto was appointed as an Additional Director (Nominee of MIH India Food Holdings B.V.) effective April 11, 2026. Additionally, Mr. Phani Kishan Addepalli and Mr. Rahul Bothra were appointed as Additional Directors (Executive, Non-Independent) with effect from June 01, 2026. All new appointments are subject to requisite shareholder approvals.
Key Highlights
- Two directors, including the Head of Innovation, resigned from Swiggy's board.
- Mr. Roger Clark Rabalais and Mr. Lakshmi Nandan Reddy Obul stepped down.
- Three new additional directors were appointed to the board.
- New appointments include a nominee from MIH India Food Holdings B.V.
- Two executive directors join effective June 1, 2026, pending shareholder approval.
Price Impact