Swiggy Limited — Important, 25-01-2025: General Updates

The Nomination and Remuneration Committee has approved the allotment of 2,61,93,411 equity shares following the exercise of stock options by eligible employees under Swiggy's ESOP Plan 2015 and ESOP Plan 2021. This allocation increases the paid-up equity share capital from ₹2,23,84,47,311 to ₹2,26,46,40,722, reflecting a growth in equity base that could enhance employee engagement and retention. The company is currently finalizing the necessary formalities for listing these newly allotted shares. This move supports Swiggy's strategy for talent attraction and retention, thereby potentially strengthening its operational capabilities and competitive edge.