Swiggy Limited’s Board of Directors has approved a restructuring of the company’s Articles of Association to refine its governance and nomination framework. The proposed changes, which require shareholder approval via Special Resolution, include a new nomination structure for individual shareholders based on management roles and shareholding thresholds. These updates involve deleting existing nomination rights for certain institutional investors and introducing new, personalized nomination provisions for key leadership members.
Refining Governance Framework
During a meeting held on April 10, 2026, the Board of Directors of Swiggy Limited finalized a plan to update the company’s internal governance policies. The initiative is designed to streamline how board nominations are handled, ensuring that the structure aligns with the current leadership and management roles within the organization.
Key Changes to Nomination Rights
The proposed amendments to the Articles of Association involve several strategic adjustments:
- Deletion of Prior Rights: The nomination rights previously held by institutional investors Accel and Softbank are being removed.
- Leadership Nominations: Mr. Sriharsha Majety will now have the right to nominate himself and one senior management member to the Board, subject to specific conditions.
- Transition of Rights: The nomination rights currently held by Mr. Lakshmi Nandan Reddy Obul will be replaced by rights granted to Mr. Phani Kishan Addepalli, allowing for his own nomination to the Board.
Regulatory Updates and Next Steps
In addition to these structural changes, the company is updating its definitions to reflect the new management structure, including the removal of the “Nandan Affiliate” classification and the adoption of “Phani Affiliates”. These changes will officially come into effect only after receiving formal shareholder approval via a Special Resolution, which will be sought through an upcoming Postal Ballot process.
Source: BSE
