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Shareholders' no to Swiggy's board changes
BENGALURU: Swiggy shareholders have voted against proposed changes to the company's Articles of Association, preventing the planned appointments of CFO Rahul Bothra and cofounder Phani Kishan Addepalli to the board. The special resolution received 72.4% shareholder support, falling short of the 75% threshold required for approval, according to an exchange filing on Thursday.
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thehindubusinessline.com
Swiggy fails to secure shareholder nod for IOCC-linked Articles amendment
Swiggy failed to get enough shareholder votes for Articles amendments linked to Indian-owned company status under FEMA regulations.
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economictimes.indiatimes.com
Swiggy fails to secure requisite shareholder approval for altering AoA to become Indian-owned entity - The Economic Times
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…
