Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, regarding a board-approved acquisition.
Key Decision: The Board of Directors of Meesho Limited, at its meeting held on Friday, June 12, 2026 (commencing at 4:00 p.m. IST and concluding at 4:35 p.m. IST), approved the acquisition of 100% of the share capital of Kirana Club Pte. Ltd. (a Singaporean company) and 0.41% of the share capital of its existing Indian subsidiary, Retail Pulse Labs Private Limited (RPLPL).
Transaction Value: The aggregate consideration for the acquisition is Rs. 2,02,08,52,202.40 (Rupees Two Hundred Two Crores Eight Lakhs Fifty-Two Thousand Two Hundred Two and Forty Paise Only).
Transaction Structure: The acquisition is to be completed in three tranches. The Board also approved the execution of a Share Purchase Agreement (SPA) and other ancillary documents to effect the transaction.
Completion Timeline: The acquisition is expected to be completed on or before March 31, 2027, subject to the satisfaction of conditions precedent and other terms in the SPA.
Consideration Type: The acquisition will be made for a cash consideration.
Shareholding Details: The Company will acquire 1,46,511 ordinary shares of Kirana Club (100% stake) and 41 Compulsorily Convertible Preference Shares of RPLPL (0.41% stake) from identified selling shareholders. The remaining 99.59% stake in RPLPL will be acquired indirectly through Kirana Club.
Post-Acquisition Structure: Upon completion, Kirana Club will become a wholly-owned subsidiary (WOS) of Meesho Limited. RPLPL will become a step-down subsidiary of Meesho Limited.
Related Party Status: The disclosure confirms that the acquisition does not constitute a related party transaction. Neither the promoter, promoter group, nor group companies of Meesho have any interest in the entities being acquired.
Target Company Details (Kirana Club Pte. Ltd.):
- Incorporated on: October 4, 2023
- Country of Presence: Singapore
- Line of Business: Developing proprietary software applications and operating a digital platform for grocery retailers (Tech platform / B2B community network).
- Financials (Unaudited as of March 31, 2026): Turnover of SGD 45,808.25; Net Loss of SGD 739,910.99.
- Historical Turnover: SGD 45,714.94 (Audited, FY 2024-25).
Target Company Details (Retail Pulse Labs Private Limited - RPLPL):
- Incorporated on: October 7, 2021
- Country of Presence: India
- Line of Business: Operates a B2B e-commerce marketplace connecting kirana/small retailers with FMCG brands and distributors, primarily in Tier 2–4 and rural India. Revenue is generated through commissions and advertising services.
- Financials (Unaudited as of March 31, 2026): Turnover of INR 15.84 Crore; Net Loss of INR 0.30 Crore.
- Historical Turnover: INR 4.92 Crore (Audited, FY 2024-25).
Strategic Rationale: The acquisition is stated to be in line with the Company's strategic objectives and is expected to strengthen its presence and capabilities in the e-commerce ecosystem.
Regulatory Approvals: The company disclosed that it is not required to procure any governmental or regulatory approvals for this acquisition.
Regulatory Reference: The disclosure is made under Regulation 30 read with Schedule III of the SEBI LODR and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Additional Information: The information will be made available on the Company's website at www.meesho.com. The letter was signed by Rahul Bhardwaj, Company Secretary and Compliance Officer (Membership No.: A41649).