Swiggy held its EGM on 8 December 2025 and secured approval to raise up to ₹10,000 crore via a Qualified Institutional Placement. With 99.48 percent votes in favour, the company can now move ahead with its fundraising and expansion plans.
Source: NSE | Published on Dec 8, 2025
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According to a press release uploaded on NSE, on December 8, 2025, Swiggy called its Extraordinary General Meeting (EGM) by video conference. The meeting began at 3:00 PM IST, ending at 3:50 PM. This was the first EGM for the financial year 2025-26.
The meeting thus approved the proposal to issue equity shares of up to ₹10,000 crore by Qualified Institutional Placement. The shareholders would approve the same, and the company would go ahead on market conditions and regulatory rules.
Voting was held in two stages. It was available for remote e-voting during the period of 4-7 December 2025. Those not participating earlier were given an additional opportunity to vote at the EGM. As for the cutoff date of 1 December 2025, the company had 549,284 eligible shareholders.
Voting results were put before the general meeting. The proposal was supported by a total of 1,896,194,056 votes, while 9,957,202 votes were against it. This translates to 99.48 percent votes in favour, sufficient to pass the resolution. Now, by virtue of this approval, Swiggy can raise funds through the QIP route up to ₹10,000 crore.
The company intends to use this capital in strengthening its balance sheet and furthering future expansion. QIP would also enable Swiggy to approach institutional investors in a controlled, efficient manner.
The meeting concluded and confirmed that all procedures with respect to EGM and voting had been fulfilled. Thereon, Swiggy will tab on embarkment at subsequent stages toward initiating the QIP process and undertaking the fundraising.
As of 9 December, 2025, at 2:24 AM IST, Swiggy was trading at ₹396.00 on the NSE, up by 10.10 (2.62%).
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