Swiggy Ltd

Swiggy Ltd clarified that the special resolution for proposed amendments to its Articles of Association received 72.36% shareholder approval, falling 2.64% short of the required 75% threshold. The proposed amendments aimed to establish a governance structure that ensures founder and senior management representation at the Board level, supporting the company's objective to qualify as an Indian Owned and Controlled Company (IOCC) under applicable Indian foreign exchange laws and regulations. Swiggy is engaging with shareholders to address concerns and achieve a positive outcome, emphasizing transparency and accountability.

Swiggy Ltd submitted a Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report, reviewed by the Audit Committee and approved by the Board on May 08, 2026, covers the utilization of IPO and QIP proceeds. The report indicates no deviations from the intended objects of the issue, based on information provided by Swiggy and sources believed to be reliable. Crisil Ratings confirms no conflict of interest in monitoring the utilization of issue proceeds.

Swiggy Ltd reported its audited financial results for the quarter and financial year ended March 31, 2026. Key highlights include a 22.6% YoY growth in Food Delivery GOV, reaching ₹9,005 crore, with adjusted EBITDA exceeding ₹1,000 Cr annually. Overall revenue surged by 45% to ₹6,383 Cr, while losses narrowed by ₹281 Cr YoY. Instamart's GOV grew by 68.8% YoY to ₹7,881 Cr, and Out-of-Home Consumption achieved its first full year of profitability. Platform MTUs increased by 27.2% YoY to 25.2 million.

Swiggy reported a 22.6% YoY growth in Food Gross Order Value (GOV) for Q4 FY26, marking the highest growth since the post-COVID period normalization. This growth was driven by increased order and user volumes rather than Average Order Values (AOVs). Adjusted EBITDA margins improved to 3.3% (+26 bps QoQ). The company proactively shut down its Snacc quick food experiment. Quick commerce contribution margin improved to -1.8% of GOV during the quarter and further improved to -1.1% for the month of Mar-26. Adjusted EBITDA losses reduced to INR 858 Cr. Dineout GOV grew 43% YoY to INR 1,245 Cr.

Swiggy Ltd's Board of Directors approved the audited financial results (consolidated and standalone) for the quarter and financial year ended March 31, 2026. The Auditors’ Report with an unmodified opinion on the financial results is attached. The board meeting was held on May 08, 2026, commencing at 2:45 p.m. and concluding at 3:40 p.m. IST.

Swiggy Ltd's Board of Directors approved the audited financial results (consolidated and standalone) for the quarter and financial year ended March 31, 2026, during its meeting held on May 08, 2026. The Auditors’ Report with an unmodified opinion on the financial results is attached. The meeting commenced at IST 2:45 p.m. and concluded at IST 3:40 p.m. The information is available on the company's website.

Swiggy Ltd has announced that its Board of Directors will convene a meeting on Friday, May 8, 2026. The primary agenda for this meeting is to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. This notification is in compliance with Regulation 29(1) read with Regulation 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the trading window for dealing in the company's securities, which closed on April 1, 2026, will remain shut and will reopen 48 hours after the dissemination of these audited financial results.

Swiggy Limited's Board of Directors approved significant alterations to the company's Articles of Association (AoA) and the grant of special rights to identified shareholders. These changes aim to rationalize and update the provisions related to nomination rights on the Board, streamlining the governance framework. Key amendments include the deletion of nomination rights previously held by Accel and Softbank. New nomination rights are proposed for Mr. Sriharsha Majety, allowing him to nominate himself and one senior management member, and for Mr. Phani Kishan Addepalli to nominate himself. The amendments also clarify conditions for the cessation of nomination rights. These changes are subject to shareholder approval via a Postal Ballot.

Swiggy Ltd has designated its Key Managerial Personnel (KMPs) to determine the materiality of events and information, and to make necessary disclosures to stock exchanges. The authorized KMPs include Mr. Sriharsha Majety (Managing Director & Group CEO), Mr. Rahul Bothra (Chief Financial Officer), and Ms. Cauveri Sriram (Company Secretary and Compliance Officer). This action is in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company's internal policy, ensuring timely and accurate information dissemination to the market.

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.