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Swiggy informs about rumour verification

16 Jul 2026 Evaluate
Swiggy has informed that with reference to the captioned email seeking clarification on the news item titled “Instamart ties up with HPCL to launch India’s first on-demand LPG cylinder delivery on quick commerce”, published by The Economic Times on July 15, 2026. The news item is based on a press release issued in relation to a collaboration between Swiggy Instamart Private Limited (“Instamart”), a wholly owned subsidiary of Swiggy Limited (“Company”), and Hindustan Petroleum Corporation Limited (“HPCL”). The information contained in the press release and the news item is valid and factually correct. Accordingly, the news item does not constitute a market rumour per se.The company submit herewith the point-wise response to your queries: (i) Whether such negotiations/events were taking place and the sequence of events from the commencement of negotiations/events until date The Company, through Instamart, regularly explores commercial and collaborative arrangements in the ordinary course of business. Instamart and HPCL held discussions regarding a collaboration to facilitate the sale and delivery of select HPCL LPG cylinders and related accessories through the Instamart platform. These discussions culminated in the execution of a Memorandum of Understanding on July 15, 2026. The collaboration is presently being undertaken as a pilot in Bengaluru, and any wider rollout will be considered based on the outcome of the pilot and subject to applicable regulatory and operational requirements.; Whether the Company is aware of any information that has not been announced to the Exchanges which could explain the movement in trading and the reasons for not disclosing the information earlier The Company is not aware of any undisclosed material event or information that could have a bearing on the price or volume behaviour of its securities. The movement in the market price of the Company’s securities is market-driven, and the Company has no control over the same. The basis for the Company’s assessment that the aforesaid collaboration did not require disclosure under Regulation 30 of the SEBI Listing Regulations has been set out in response to query (i) above.; In case of regulatory/legal proceedings, information on the initiation/outcome of such proceedings There are no regulatory or legal proceedings initiated in relation to the aforesaid collaboration. The Company confirms that it has not withheld any material information or event required to be disclosed under the SEBI Listing Regulations and will continue to keep the Stock Exchanges informed of material developments, as and when required under applicable law.

The above information is a part of company’s filings submitted to BSE.

Swiggy Share Price

273.15 3.15 (1.17%)
16-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Eternal 286.45
Meesho 184.90
Swiggy 273.15
FSN E-Comm. Ventur. 324.90
Brainbees Solutions 213.00
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