Swiggy postal ballot: AoA changes and Prosus nominee director appointment
SWIGGY · price
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Swiggy seeks shareholder approval via postal ballot (e-voting April 21–May 20, 2026) for: (1) Amending Articles of Association to remove Accel (2.77% holding), SoftBank, and Lakshmi Nandan Reddy Obul's board nomination rights; grant CEO Sriharsha Majety (5.27% holding) right to nominate a senior management member; and add co-founder Phani Kishan Addepalli as a board nominee. (2) Appointing Renan De Castro Alves Pinto, a Prosus nominee, as Non-Executive Director, replacing Roger Clark Rabalais.
Routine governance and board composition changes. No direct financial impact. Outcome shapes founder and investor influence on the board.