India, May 27 -- About a week after failing to secure shareholder approval, listed foodtech major Swiggy has signalled that it is working "constructively with all its shareholders to address their concerns and achieve a positive outcome".

For context, Swiggy had sought shareholder approval to amend its Articles of Association (AoA) to become an Indian-Owned and Controlled Company (IOCC). However, the proposal failed after securing only 72.36% votes in favour, falling short of the 75% threshold required for special resolutions.

The company said in an exchange filing today that becoming an IOCC remains an important long-term objective and is aligned with the direction taken by "comparable companies" in India. It added that the move is exp...