← Latest news 
Swiggy seeks shareholder approval to become Indian owned and controlled amid Instamart inventory pivot
Business
Published on 13 May 2026
The IOCC move is tied to how Instamart sells
Swiggy has started steps to become an Indian Owned and Controlled Company by seeking shareholder approval to amend its articles and board nomination rules. The move is designed to satisfy FEMA IOCC conditions and strengthen domestic control. It also appears linked to Instamart’s shift from a marketplace approach to an inventory-led model that could boost margins and supply-chain control.
- Swiggy wants shareholder nod to amend articles for IOCC compliance
- The board nomination framework would be reshaped to reflect domestic control
- IOCC status may support Instamart’s inventory-led shift from third-party sellers
- The pivot aims to improve margins, warehousing and logistics control
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42