Swiggy Limited — Important, 05-04-2025: General Updates

Swiggy Limited has received a professional tax assessment order from the Pune office, citing an alleged violation concerning the deduction of professional tax from employee salaries, impacting the company by INR 7.60 Cr for the period from April 2021 to March 2022. The company maintains that it has a strong case and plans to file an appeal against this order. Management believes this order will not significantly impact Swiggy’s financials or operations. Investors may view this as a neutral impact, with the potential for resolution favoring the company.