Swiggy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SWIGGY · price
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Swiggy has completed a postal ballot where shareholders approved both resolutions with overwhelming majority. Resolution 1 (Special): Sale and transfer of the Instamart business to an indirect wholly owned subsidiary passed with 99.9951% votes in favour, with 1,153.5 million shares voted in favour out of 1,153.6 million polled. Resolution 2 (Ordinary): Material Related Party Transaction for the sale of 1,63,990 Series D CCPS and 10 equity shares in Roppen Transportation Services to MIH Investments One B.V. passed with 99.4480% votes in favour. E-voting ran from October 3 to November 1, 2025, with 528,620 shareholders on record. Both resolutions passed with requisite majority as confirmed by the scrutinizer's report.
The Instamart spinoff into a separate subsidiary is a significant corporate restructuring move that could allow focused value creation and potential future fundraising for the quick commerce business. The related party transaction involving MIH Investments (Prosus/Naspers group) suggests portfolio realignment within the investor ecosystem. Both results were near-unanimous, indicating strong shareholder confidence in management's strategic direction.