Mumbai, July 7 -- As of 6 July 2026, Swiggy's aggregate foreign shareholding had declined to 49.76% on a fully diluted basis, allowing the company to attain Indian Owned and Controlled Company (IOCC) status.

The development comes weeks after Swiggy failed to secure shareholder approval for amendments to its Articles of Association (AoA) that were intended to support its transition to an IOCC. The proposed special resolution received 72.36% shareholder approval, falling short of the 75% threshold required for passage.

According to the company, the proposed amendments were aimed at strengthening its governance framework and supporting its long-term objective of qualifying as an Indian Owned and Controlled Company. Despite the resolution n...