Swiggy shares slide over 2% after FSSAI issues 9 notices over consumer complaints

Shares of Swiggy fell over 2 percent on Monday, extending losses to more than 4 percent over the last two trading sessions, after FSSAI issued nine notices to Swiggy Instamart over consumer complaints. The complaints alleged supply of expired, spoiled, rotten, and contaminated food products, including specific items like eggs, whey protein, and infant food formulation, and cited lapses in food safety monitoring, storage, handling, and grievance redressal. FSSAI has directed the company to submit detailed explanations and compliance reports, warning of legal action for non-compliance.