Swiggy Ltd Board Approves AGM, Foreign Ownership Cap, MoA/AoA Amendments

Swiggy Ltd's Board of Directors, in a meeting held on July 23, 2026, approved several key changes including the convening of the 13th Annual General Meeting (AGM) on August 18, 2026. The board also approved a cap on aggregate foreign ownership at 49.50% on a fully diluted basis. Furthermore, amendments to the Articles of Association (AoA) were approved to facilitate qualification as an Indian owned and controlled company, involving changes to nomination rights. The capital clause of the Memorandum of Association (MoA) will also be altered to reclassify authorised preference share capital into authorised equity share capital without changing the total authorised capital. These proposals will be put forth for shareholder approval at the AGM.