Swiggy Co-founder Resigns from Board
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Lakshmi Nandan Reddy Obul resigns from Swiggy's board. Phani Kishan Addepalli and Rahul Bothra appointed as Additional Directors.
New Delhi, Apr 10 (PTI) On-demand convenience platform Swiggy on Friday said its co-founder, Lakshmi Nandan Reddy Obul, has resigned from the company's board.
Obul has resigned as Whole-Time Director, Head of Innovation, with effect from April 10, 2026, to pursue other professional interests, Swiggy said in a regulatory filing.
The company further said its board has approved the appointment of Renan De Castro Alves Pinto as the Nominee Director representing Prosus Ventures, succeeding Roger Rabalais, who steps back following the transition from his role at Prosus Ventures.
Besides, the board also approved the appointments of Swiggy co-founder and Chief Growth Officer Phani Kishan Addepalli and Swiggy Group CFO Rahul Bothra as Additional Directors with effect from June 1, 2026, it added.
Commenting on the changes, Swiggy Group CEO Sriharsha Majety said, "Phani and Rahul have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters".
"Their understanding of our business and unwavering focus on both innovation and execution have been foundational to our journey. As we enter the next phase of our growth, their perspective will be invaluable in shaping our long-term direction."
On Obul's departure, Majety said, "Nandan has been a vital collaborator and a visionary force throughout Swiggy's evolution, from our beginnings in a single Bengaluru neighbourhood to becoming a nationwide platform serving millions".
In a separate filing, Swiggy said its board has also approved alteration of the Articles of Association, including deleting the article relating to nomination rights of Accel and Softbank, while amending another to grant Majety the right to nominate himself and any one member from the senior management to the board of the company, subject to specified conditions.
Other amendments include replacing the existing nomination rights of Obul with the right of Phani Kishan Addepalli to nominate himself on the board.
The alteration of the Articles of Association will be subject to regulatory and shareholders' approval, the filing said.
Obul has resigned as Whole-Time Director, Head of Innovation, with effect from April 10, 2026, to pursue other professional interests, Swiggy said in a regulatory filing.
The company further said its board has approved the appointment of Renan De Castro Alves Pinto as the Nominee Director representing Prosus Ventures, succeeding Roger Rabalais, who steps back following the transition from his role at Prosus Ventures.
Besides, the board also approved the appointments of Swiggy co-founder and Chief Growth Officer Phani Kishan Addepalli and Swiggy Group CFO Rahul Bothra as Additional Directors with effect from June 1, 2026, it added.
Commenting on the changes, Swiggy Group CEO Sriharsha Majety said, "Phani and Rahul have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters".
"Their understanding of our business and unwavering focus on both innovation and execution have been foundational to our journey. As we enter the next phase of our growth, their perspective will be invaluable in shaping our long-term direction."
On Obul's departure, Majety said, "Nandan has been a vital collaborator and a visionary force throughout Swiggy's evolution, from our beginnings in a single Bengaluru neighbourhood to becoming a nationwide platform serving millions".
In a separate filing, Swiggy said its board has also approved alteration of the Articles of Association, including deleting the article relating to nomination rights of Accel and Softbank, while amending another to grant Majety the right to nominate himself and any one member from the senior management to the board of the company, subject to specified conditions.
Other amendments include replacing the existing nomination rights of Obul with the right of Phani Kishan Addepalli to nominate himself on the board.
The alteration of the Articles of Association will be subject to regulatory and shareholders' approval, the filing said.
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