Swiggy Limited has appointed Nandita Sinha as the Chief Executive Officer of its quick commerce arm, Instamart, effective August 3, 2026. The appointment follows the resignation of outgoing CEO Amitesh Kumar Jha, who stepped down on July 28, 2026, to pursue other opportunities. This leadership change marks a strategic transition for India’s pioneering quick commerce platform as it seeks to build on its recent growth momentum and improved profitability metrics.

The Board of Directors approved the appointment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited on July 28, 2026. Nandita Sinha will be categorized as Senior Management Personnel (SMP) of the company from her start date. Amitesh Kumar Jha ceases to be an SMP with effect from his resignation date.

Leadership Transition Details

Amitesh Kumar Jha’s departure concludes a tenure characterized by scaling Instamart through a critical growth phase. During his leadership, the platform launched initiatives such as Noice and focused on improving contribution margins. Sriharsha Majety, Managing Director and Group CEO of Swiggy, praised Jha for building a high-performing culture and leaving the organization in a solid state.

Nandita Sinha succeeds him, bringing over two decades of experience in consumer internet, e-commerce, and fast-moving consumer goods (FMCG). Her professional background includes significant roles at Myntra, Flipkart, Britannia, and Hindustan Unilever. Most recently, she served as CEO of Myntra, where she led the platform to become India’s largest fashion e-commerce business and achieved EBITDA profitability in 2024.

Strategic Outlook Under New Leadership

Nandita Sinha is expected to lead Instamart’s next phase of growth by leveraging its differentiated assortment strategy and operational excellence. In her statement, she highlighted Instamart’s strong customer-first culture and significant opportunities ahead, noting that the platform sits at the heart of how India shops for everyday needs. She aims to work with colleagues, partners, and consumers to shape the brand’s next chapter.

Sriharsha Majety expressed enthusiasm about the vision and operational rigor Sinha brings to the team. He noted that her deep customer understanding and ability to drive innovation at scale align with Instamart’s goals. The transition aims to maintain stability while accelerating the platform’s presence across its 131+ cities.

What the Numbers Show

The appointment of a leader with proven success in achieving EBITDA profitability at Myntra signals a continued focus on sustainable unit economics for Instamart. While specific financial targets for Instamart were not disclosed in this filing, the emphasis on "improved profitability metrics" under Jha suggests that margin expansion remains a key priority. Sinha’s background in scaling consumer businesses through disciplined execution may further reinforce this trajectory, balancing growth with financial discipline in a competitive quick commerce landscape.

Swiggy Limited has capped aggregate foreign ownership at 49.50% on a fully diluted basis, a move designed to align the company with regulations governing Indian owned and controlled entities. The Board of Directors approved the restriction on July 23, 2026, limiting investment from foreign portfolio investors, non-resident Indians, and foreign-owned Indian companies, while excluding the non-repatriation route. This structural adjustment aims to secure regulatory compliance and clarify the company’s governance framework ahead of its upcoming shareholder meeting.

The company has scheduled its 13th Annual General Meeting (AGM) for Tuesday, August 18, 2026, at 3:00 P.M. IST, to be conducted via Video Conferencing or Other Audio-Visual Means. The filing was submitted pursuant to Regulation 30 and Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with Schedule III Part A Para A. Additionally, the process complies with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the SEBI Listing Regulations, and the Secretarial Standards on General Meetings issued by the Institute of Company Secretaries of India.

Shareholders will vote on several key proposals, including the deletion of certain individual and institutional nomination rights through special resolutions. These amendments to the Articles of Association intend to clarify the conditions governing the exercise and cessation of nomination rights. In addition to the ownership cap, Swiggy proposed reclassifying its authorised preference share capital into authorised equity share capital. This change does not alter the total authorised share capital but requires an amendment to Clause V of the Memorandum of Association, which will be approved via an ordinary resolution.

Key Proposals for Shareholder Approval

The electronic dispatch of the Annual Report for FY2025-26 was completed on July 24, 2026, in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024, and MCA General Circular No. 09/2024 dated September 19, 2024. Shareholders without registered email addresses were sent letters with weblinks to access the report under Regulation 36(1)(b) of the SEBI Listing Regulations. Members may register their email addresses or PANs by 5:00 P.M. IST on August 4, 2026, to receive future communications electronically.

Remote e-voting will commence on Friday, August 14, 2026, at 9:00 A.M. IST and end on Monday, August 17, 2026, at 5:00 P.M. IST. Only members holding shares as of the cut-off date, Tuesday, August 11, 2026, are eligible to vote. Those wishing to speak during the AGM must register between August 5 and August 8, 2026. Cauveri Sriram, Company Secretary and Compliance Officer, confirmed that the Board meeting commenced at 3:30 P.M. and concluded at 4:10 P.M. on July 23, 2026.