New Delhi, April 10 Swiggy, the on-demand convenience platform, said on Friday that its co-founder, Lakshmi Nandan Reddy Obul, has resigned from the company's board.
Obul has resigned as Whole-Time Director and Head of Innovation, effective April 10, 2026, to pursue other professional interests, Swiggy said in a regulatory filing.
The company further said that its board has approved the appointment of Renan De Castro Alves Pinto as the Nominee Director representing Prosus Ventures, succeeding Roger Rabalais, who is stepping down following the transition from his role at Prosus Ventures.
In addition, 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, effective 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 guiding the company through its most defining chapters".
"Their understanding of our business and unwavering focus on both innovation and execution have been fundamental 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 neighborhood to becoming a nationwide platform serving millions".
In a separate filing, Swiggy said that its board has also approved amendments to the Articles of Association, including deleting the article relating to the 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.