Swiggy Limited has informed the Exchange about the order received from Deputy Commissioner, Uttar Pradesh GST Department

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SWIGGY · price

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Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹403.95

prior close

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announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.2%-2.2% vs market

E-Retail/ E-Commerce peers, median of 11sector-0.3%-2.2% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Midcap 150 and 2.2 pts less than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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UpDownMarket · Nifty Midcap 150Sector · E-Retail/ E-Commerce peers, median of 11Pending

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AI summary

Swiggy has received a GST demand order from the Deputy Commissioner, Uttar Pradesh State GST Department, covering the period April 2023 to March 2024. The order demands about ₹30.12 lakh in GST, ₹6.93 lakh in interest, and ₹30.12 lakh in penalty, totaling roughly ₹67.18 lakh. The allegation relates to an incorrect claim of input tax credit. The order was received on 10 August 2025. Swiggy has stated it believes it has a strong case on the merits and will be filing an appeal before the appropriate authority. The company also said the order is unlikely to have any major adverse impact on its financials or operations, given the relatively small size of the demand.

Likely market impact

For shareholders, the financial impact looks minimal — the total demand of around ₹67 lakh is tiny compared to Swiggy's overall scale and revenues. The main thing to watch is the appeal outcome, but management has signalled confidence in defending its position.