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Home » Swiggy shares slide over 2% after FSSAI issues 9 notices over consumer complaints
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Swiggy shares slide over 2% after FSSAI issues 9 notices over consumer complaints

Business Circle TeamBy Business Circle TeamJuly 13, 2026No Comments3 Mins Read
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Swiggy shares slide over 2% after FSSAI issues 9 notices over consumer complaints
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Shares of meals supply main Swiggy fell. 5% to an intraday low of Rs 266 on the BSE on Monday after the Meals Security and Requirements Authority of India (FSSAI) issued 9 notices to its fast commerce arm, Swiggy Instamart, over a number of shopper complaints alleging violations of the Meals Security and Requirements Act, 2006.

With Monday’s decline, Swiggy shares have dropped over 4% over the past two buying and selling classes.

The notices, issued on Saturday, require Swiggy Instamart to submit an in depth clarification and a compliance report. The regulator mentioned failure to conform might end in acceptable authorized motion.

FSSAI has sought documentary proof explaining the alleged non-compliances and the circumstances surrounding the reported incidents. It has additionally directed the corporate to furnish particulars of its high quality assurance techniques, meals security monitoring processes, stock administration, inventory rotation, hygiene requirements, storage and dealing with practices and the interior controls carried out to make sure compliance with meals security rules.

Additionally learn: Swiggy, Everlasting shares soar as much as 20% in a single month. Must you purchase or keep away from?

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What did FSSAI say within the order?

In accordance with the notices, Swiggy Instamart obtained a number of shopper complaints alleging the provision of expired, spoiled, rotten, contaminated or in any other case unsafe meals merchandise.The regulator mentioned ‘NOICE Eggs’ had been marketed beneath a model title not lined by the product classes authorized beneath the prevailing FSSAI licence. It famous that the corporate had beforehand been instructed to not market the product except it was lined beneath a legitimate licence and to hunt a modification to its licence, if required.

FSSAI additionally alleged that ‘Healthify 100% Whey Protein (1 kg)’ and ‘NOICE Homestyle Madras Combination with Peanuts’ had been provided after their expiry dates. It additional noticed that ‘Akshayakalpa Natural Egg’ was expired, rotten and contaminated, rendering it unfit for human consumption.

Learn extra: ETtech Explainer: Has Swiggy change into Indian-owned after a drop in international possession?

The regulator additional acknowledged that an toddler meals formulation was discovered to be in a severely deteriorated and unsafe situation, with indicators of contamination and improper storage and dealing with. In accordance with the discover, the identical product was allegedly provided once more to the patron after the faulty merchandise had been returned.

The notices additionally alleged that the corporate failed to supply a passable response, grievance redressal or corrective motion regardless of the complaints being forwarded or escalated. In a single occasion, the discover acknowledged that Swiggy Instamart supplied a refund with out addressing the meals security considerations raised by the shopper.

(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Instances)



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