Swiggy Limited has informed the Exchange regarding Change in Director(s) of the company.
SWIGGY · price
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Swiggy announced changes to its board on July 25, 2025. Sumer Juneja (representing SoftBank) and Anand Daniel (representing Accel) resigned as Nominee Directors, citing other professional commitments. In their place, Faraz Khalid, CEO of noon (a Middle East consumer commerce platform) and co-founder of Namshi, was appointed as an Additional Non-Executive Independent Director for a five-year term ending July 2030, subject to shareholder approval. Both outgoing directors confirmed there are no material reasons for their departure. With this change, Swiggy's board now has four independent directors, marking a transition toward a fully independent board structure following its IPO last year.
This is a positive governance development for shareholders, as Swiggy moves toward a fully independent board structure — aligning with listed-company best practices. The exit of investor-nominee directors is described as a natural post-IPO evolution and is unlikely to affect operations. The new independent director brings e-commerce and quick-commerce expertise relevant to Swiggy's growth plans.