Swiggy Shares Dip Over 2% On FSSAI Order Disclosure On ‘Toing’ Platform

Mumbai, July 13: Shares of Swiggy Limited dropped by as much as 2.37% to settle at Rs 266.77 on BSE, after the food delivery firm informed exchanges that it has received a Prohibition Order from Food Safety and Standards Authority of India (FSSAI) in relation to licence particulars of its food ordering and delivery platform ‘Toing’. 

The scrip opened lower at Rs 269.99 compared to previous close of Rs 273.25 and traded in a range throughout the session. Shares of Swiggy zoomed to an intraday high of Rs 272.78 while dropping to an intraday low of Rs 266.13. The volume weighted average price (VWAP) of the stock was Rs 268.47. The stock eventually declined Rs 6.48 or 2.37% to settle at Rs 266.77, off its previous close. Shares of Swiggy was last traded at Rs 266.99, down Rs 6.26 or 2.29% on the day, at the closing bell of exchange window. During the intraday trade, the stock moved higher to hit its high near mid-morning. After crossing the VWAP mark, it fell down gradually throughout the rest of the session, to finish near its lows for the day. Overall, it was one of the biggest losers in a single session through the week for the stock. 

Swiggy’s order book was buy-side only at the end of trade, with the entire pending order size of 1,034 shares being bid at Rs 266.77 each. There were no sell orders visible on the counter at the time of closing, signalling offer-side mutedness as well even as the stock fell into the red for the day. The small size of the pending order also suggested that there wasn’t much fresh positioning on the counter, post the disclosure. 

Swiggy Shares Price Trend past week 

From the above chart, it can be seen that Swiggy shares bounced back from around Rs 250 levels on July 06 and rallied to hit a weekly high of close to Rs 281 on July 9, as it tracked a broader upmove through the week. Friday’s fall brought back some of those gains made earlier in the week and saw the stock settle in the mid-Rs 260s. Swiggy’s shares fell over Rs 14 or 4.78% Friday as the company made the disclosure on FSSAI ordering it to halt operations on Toing platform for licence update related reasons. 

Regulatory Order Details from FSSAI 

Swiggy Limited said in a disclosure to exchanges on July 10 that it had received a Prohibition Order dated July 6, 2026 issued by Food Safety and Standards Authority of India (“FSSAI”) relating to its food ordering and delivery platform “Toing”. The order was issued to both Bombay Stock Exchange Limited (“BSE”), where the Company’s shares are traded under scrip code 544285 and National Stock Exchange (“NSE”), where it is listed under symbol SWIGGY. 

Through a regulatory filing made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Regulation 30 Filings”), the Bengaluru-based company said the Order relates to certain observations raised by FSSAI towards updation of licence particulars. It added that the Order does not relate to any food safety concerns. The company further said it has addressed the observations which formed the basis of the Order and had already been granted a modified FSSAI licence on July 9, 2026. 

“In Annexure” added to the disclosure, Swiggy mentioned that the issuing authority of the Order was Food Safety and Standards Authority of India, Designated Officer, Karnataka. It said the Order sought explanation from the company on aspects relating to Toing platform and its particulars as per FSSAI licence. Both the Order and modified licence were intimated to exchanges.

No Material Impact: Swiggy said that the Order will not have any material impact on the overall business conducted by the company or its financial position. Further, the company added that it has not been levied with any monetary penalty by the FSSAI under the Order, as on the date of filing of this disclosure. 

On why the disclosure was made after the receipt of the Order on July 6, the company said it was assessing its next course of action on receipt of the Order and before making this disclosure to exchanges.  

Source

• https://www.nseindia.com/get-quote/equity/SWIGGY/Swiggy-Limited