Swiggy Limited , the food delivery giant, has announced that its shareholders have approved two significant resolutions through a postal ballot conducted via remote e-voting. The voting process, which ran from October 3 to November 1, 2025, saw strong support for both proposals.

Instamart Sale Approved

The first resolution, a special resolution, sought approval for the sale and transfer of the Instamart Undertaking to an indirect wholly-owned subsidiary of the company. This proposal received near-unanimous support, with 99.9951% of votes cast in favor. Out of 1,864 voting members, 1,153,541,235 votes were cast in support of the resolution, while only 56,888 votes were against it.

Related Party Transaction Greenlit

The second resolution, an ordinary resolution, approved a material related party transaction. This involved the sale and transfer of 163,990 Series D Compulsorily Convertible Preference Shares and 10 equity shares held by Swiggy in Roppen Transportation Services Private Limited to MIH Investments One B.V. This resolution also received strong backing, with 99.4480% of votes in favor. A total of 1,077,606,698 votes were cast in support by 1,802 members, while 5,981,639 votes were against the proposal.

Voting Details

The voting results, as scrutinized by Pramod SM of BMP & Co. LLP, revealed significant participation from shareholders:

The e-voting process was conducted in compliance with the Companies Act, 2013, and SEBI regulations. Swiggy Limited's Company Secretary and Compliance Officer, Cauveri Sriram, confirmed that the voting results and Scrutinizer's Report are available on the company's website.

These approvals pave the way for Swiggy to proceed with its strategic plans regarding the Instamart business and its stake in Roppen Transportation Services. The overwhelming support from shareholders indicates confidence in the company's decision-making and future direction.

Swiggy , India's leading food delivery platform, has announced plans to achieve profitability by the June 2026 quarter. The company's strategy involves doubling its business operations without significant investments in new stores, highlighting a focus on operational efficiency and leveraging existing infrastructure.

Efficient Growth Strategy

Swiggy's approach to expansion demonstrates a keen focus on maximizing returns from its current assets. By aiming to double its business without major store investments, the company is prioritizing:

1. Operational Efficiency: Utilizing existing infrastructure more effectively.
2. Cost Management: Minimizing capital expenditure on new physical locations.
3. Scalability: Expanding services through current resources and technology.

Financial Outlook

While specific financial details were not disclosed, Swiggy's profitability target for June 2026 suggests a long-term vision for sustainable growth. This timeline indicates:

• A measured approach to achieving financial stability
• Potential for gradual improvements in revenue and cost structures over the next few years

Market Implications

Swiggy's announcement comes at a time when investors are increasingly focusing on profitability in the tech and delivery sectors. This strategic move could:

• Boost investor confidence in Swiggy's long-term viability
• Set a benchmark for other players in the food delivery industry
• Potentially influence market dynamics and competition strategies

Conclusion

Swiggy's plan to achieve profitability while doubling its business without major store investments represents a significant shift in strategy for the food delivery giant. As the company works towards its 2026 goal, market observers will be keenly watching how this approach unfolds and impacts the broader food delivery ecosystem in India.

Note: As Swiggy is a private company, detailed financial information is not publicly available. The company's progress towards its stated goals will be an important area to monitor in the coming years.