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Swiggy says co-founder and chief growth officer Phani Kishan Addepalli and Group CFO Rahul Bothra will join the board as Additional Directors from June 1, 2026.
Swiggy’s board approved the appointment of Renan De Castro Alves Pinto as Nominee Director representing Prosus Ventures.
Food delivery and quick commerce platform Swiggy has announced a series of board-level changes, including the resignation of its co-founder Lakshmi Nandan Reddy Obul. He has stepped down as whole-time director and head of innovation, effective April 10, 2026, to pursue other professional interests, according to a regulatory filing.
“I am writing to formally tender my resignation from the position of Whole Time Director of Swiggy, effective close of #business on April 10, 2026. I have also tendered my resignation from my role in the Company as Head of Innovation,” he wrote in his resignation letter.
“For my next phase, I will be exploring new avenues and areas that I have been curious about and drawn toward, and I would like to commit my time to pursuing them,” Obul wrote. “As I make this transition, I do so with profound pride and absolute confidence in our collective achievements. I remain certain that the leadership and team are well-positioned for continued success. I will always be Swiggy’s loudest cheerleader,” he added.
In a separate move, the board approved the appointment of Renan De Castro Alves Pinto as Nominee Director representing Prosus Ventures. He replaces Roger Rabalais, who is stepping back following his transition from Prosus Ventures.
The company also said that co-founder and chief growth officer Phani Kishan Addepalli and Group CFO Rahul Bothra will join the board as Additional Directors from June 1, 2026.
Commenting on the development, 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 added, “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”.
Separately, Swiggy said its board has approved changes to its Articles of Association. These include removing provisions related to nomination rights of Accel and SoftBank, while amending rules to allow Majety to nominate himself and one senior management member to the board, subject to certain conditions.
The company also replaced Obul’s nomination rights with those of Phani Kishan Addepalli, allowing him to nominate himself to the board.
The proposed amendments will require regulatory and shareholder approvals before taking effect.
April 11, 2026, 07:37 IST
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