Swiggy Limited — Others, 05-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Swiggy Limited has confirmed that there were no deviations or variations in the utilization of funds raised through its Initial Public Offer (IPO) during the quarter ending December 31, 2024. The total amount raised was ₹4,499 crore, with proceeds allocated for investments in material subsidiaries, expanding dark stores, enhancing technology infrastructure, and marketing efforts. This update, reviewed by the Audit Committee and approved by the Board, reinforces financial discipline and transparency, potentially boosting investor confidence. Overall, the consistency in fund usage aligns with shareholder interests, presenting a positive outlook for the company's governance.