NSENews Verification16 Jul 2026 · 16 Jul 2026, 10:48 am
News Verification
Swiggy Limited · SWIGGY
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Swiggy Limited clarifies on recent news item regarding Instamart's collaboration with HPCL for on-demand LPG cylinder delivery, stating that the information is valid and factually correct, and the collaboration is a pilot in Bengaluru with potential wider rollout subject to regulatory and operational requirements.
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Full Announcement
The Exchange has sought clarification from Swiggy Limited with respect to recent news item captioned Instamart ties up with HPCL to launch India?s first on-demand LPG cylinder delivery on quick commerce. The response from the Company is attached.
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REF: SWIGGY/SE/2026-27/29
July 16, 2026
To To
The Deputy Manager The Manager
Department of Corporate Services National Stock Exchange of India Limited
BSE Limited Exchange Plaza, Plot No. C/1, G Block
PJ Towers, Dalal Street Bandra-Kurla Complex, Bandra (E),
Mumbai 400001 Mumbai 400051
Scrip Code: 544285 Symbol: SWIGGY
Dear Sir/ Madam,
Sub: Clarification on news item under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Ref:
i. BSE email bearing reference no. L/SURV/ONL/RV/SG/(2026-2027)/58 dated July 15, 2026;
ii. NSE/CM/Surveillance/17270
Dear Sir/Madam,
This is 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.
We 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.
Based on an assessment under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the Company’s Policy for
SWIGGY LIMITED
CIN: L74110KA2013PLC096530 | www.swiggy.com | support@swiggy.in | T: 080-68422422
Registered & Corporate Office: Sumadhura Capitol Towers, 3rd- 6th Floor – Tower 1, Sy. No. 14 & 158, Pattanduru Agrahara, K R Puram Hobli, Bengaluru East Taluk,
Bengaluru, Karnataka – 560066
Determination of Materiality of Events or Information and the applicable Industry Standards,
the collaboration did not meet the materiality threshold warranting disclosure to the Stock
Exchanges.
(ii) 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.
(iii) 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.
We request you to take the above clarification on record.
Yours faithfully,
For Swiggy Limited
Cauveri Sriram
Company Secretary & Compliance Officer
SWIGGY LIMITED
CIN: L74110KA2013PLC096530 | www.swiggy.com | support@swiggy.in | T: 080-68422422
Registered & Corporate Office: Sumadhura Capitol Towers, 3rd- 6th Floor – Tower 1, Sy. No. 14 & 158, Pattanduru Agrahara, K R Puram Hobli, Bengaluru East Taluk,
Bengaluru, Karnataka – 560066