Swiggy Limited has informed the Exchange regarding Change in Director(s) of the company.
SWIGGY · price
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Swiggy's Board has approved significant leadership changes effective April-June 2026. Two directors resigned: Roger Clark Rabalais stepped down as Nominee Director (representing MIH India/Prosus) due to his departure from that firm, and co-founder Lakshmi Nandan Reddy Obul resigned as Whole-Time Director – Head of Innovation to pursue independent ventures. In replacement, Swiggy appointed three new directors: Renan De Castro Alves Pinto (Nominee of MIH India Food Holdings B.V., effective April 11) as a Non-Executive Director, and promoted co-founder Phani Kishan Addepalli (Chief Growth Officer) and Group CFO Rahul Bothra as Executive Directors (effective June 1). All appointments are subject to shareholder approval.
The resignation of co-founder Nandan Reddy signals a major founder-level transition, though his move to independent projects rather than a competitor may limit near-term market concerns. The simultaneous appointment of two internal leaders (co-founder and CFO) to the board demonstrates management continuity and strengthens governance ahead of Swiggy's next growth phase.