Delhivery CEO Sahil Barua has stepped down as Independent Director on Swiggy’s Board citing “elevated skilled commitments” days after the logistics companies supplier introduced the acquisition of rival Ecom Categorical.
In a regulatory submitting on Friday, Swiggy knowledgeable that Barua has confirmed that there are not any materials causes for his resignation aside from these talked about in his letter.
“Resulting from my elevated skilled commitments in my position as the CEO of Delhivery, I discover myself unable to dedicate the mandatory time and a focus required to fulfil my tasks as an unbiased director in your board,” he wrote in a letter to the Swiggy board.
Logistics companies supplier Delhivery Ltd, earlier this month, introduced the acquisition of Ecom Categorical.
In a regulatory submitting, the corporate had mentioned it has “signed a definitive settlement to amass a controlling stake in Ecom Categorical Ltd for a money consideration of round ₹1,400 crore from its shareholders”.
Barua was one of many first unbiased administrators to affix Swiggy.
Anand Kripalu, Chairperson of the Swiggy Board, mentioned, “Sahil was one of many first unbiased members of Swiggy’s board, and has performed a significant position within the firm’s journey as we have scaled and transitioned into the general public markets. We’re grateful for his assist over the previous two years, and need him continued success”.
Printed on April 12, 2025
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