Swiggy has secured shareholder approval for key changes aimed at helping it qualify as an Indian-owned and controlled company (IOCC), clearing a major hurdle after a similar proposal was rejected by investors in May. At its August 18 annual general meeting (AGM), shareholders approved a special resolution to alter the company's Articles of Association (AoA) with 93.97 percent of votes in favour. The same proposal had received only 72.36 percent support in May, falling short of the 75 percent threshold required for a special resolution. Shareholders also approved a separate resolution to cap aggregate foreign ownership in Swiggy at 49.5 percent on a fully diluted basis, with 99.9996 percent of votes in favour.