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 Limited announced the results of its postal ballot conducted through remote e-voting from April 21 to May 20, 2026. Two resolutions were put to shareholders. Resolution 1, seeking approval to alter the Articles of Association, failed to pass with 72.36% votes in favor, falling short of the required 75% threshold by 2.65%. Resolution 2, for the appointment of Mr. Renan De Castro Alves Pinto as a Non-Executive, Non-Independent Nominee Director, was approved with an overwhelming 98.98% votes in favor. The company noted that because the AOA alteration did not pass, the previously announced appointments of Additional Executive Directors will not take effect on June 1, 2026. Only Mr. Renan's appointment, effective April 11, 2026, is confirmed.
The failed AOA amendment means Swiggy cannot proceed with planned executive director appointments, potentially delaying certain board-level decisions. However, the passing of the nominee director appointment maintains governance continuity. The stock may see neutral to slightly negative reaction due to the failed resolution.