Swiggy fell short of the required shareholder threshold to amend its AoA for Indian-owned and controlled company (IOCC) status, though shareholders overwhelmingly approved the appointment of Renan De Castro Alves Pinto to the board.

Swiggy failed to get enough shareholder votes for Articles amendments linked to Indian-owned company status under FEMA regulations.

In an exchange filing on Thursday, Swiggy stated that its resolution on the Amendment of Articles of Association received 72.36 per cent votes of shareholders, falling short of…