Swiggy board approves AGM, 49.5% foreign ownership cap, capital changes

Swiggy's board on July 23, 2026 approved: 1) 13th AGM on August 18, 2026 at 3 PM via video conferencing; 2) 49.50% cap on aggregate foreign ownership on fully diluted basis to help the company qualify as an Indian owned and controlled company; 3) amendments to Articles of Association including deletion of certain nomination rights; 4) reclassification of preference share capital into equity share capital with no change in total authorised capital. Items 2 and 3 need special resolution, item 4 needs ordinary resolution at the AGM.