A copy of the scrutinizer report of the Postal Ballot
SWIGGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swiggy conducted a postal ballot with two resolutions. Resolution 1 sought approval to alter the Articles of Association (a special resolution), but it failed to pass with 72.36% votes in favour, falling short of the required 75% threshold by 2.65%. About 27.64% of shareholders voted against this change. Resolution 2 for appointing Mr. Renan De Castro Alves Pinto as a Non-Executive, Non-Independent Nominee Director passed comfortably with 98.98% approval. The company had planned to appoint additional executive directors, but those appointments were conditional on the AoA amendment passing. Since Resolution 1 failed, those proposed director appointments will not take effect on June 01, 2026. The only board change resulting from this ballot is Mr. Renan's appointment effective April 11, 2026.
The failed AoA amendment means Swiggy cannot proceed with its planned executive director appointments, limiting board expansion. Shareholders rejected the governance change by a narrow margin, which could signal concerns about the proposed alterations. Mr. Renan's appointment as nominee director proceeded smoothly with overwhelming support.