Meesho Limited has submitted a corrective disclosure to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI Listing Regulations. This filing amends a prior intimation made on the same date regarding an additional investment in its wholly-owned subsidiary, Meesho Grocery Private Limited (MGPL).

The key correction pertains to the financial particulars of MGPL provided in the earlier Annexure B. The figure previously stated as "Net Profit of Rs. 6,899.30 lakhs" has been corrected to read "Net Loss of Rs.6,899.30 lakhs." All other disclosures from the original filing remain unchanged.

A comprehensive disclosure as required by SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is resubmitted for clarity and is enclosed as Annexure A. The details from this annexure are as follows:

1. Target Company Details:

  • Name: Meesho Grocery Private Limited (MGPL)
  • Status: Wholly owned subsidiary of Meesho Limited
  • Financials as of March 31, 2026:
  • Turnover: ₹112.10 lakhs
  • Net Loss: ₹6,899.30 lakhs

2. Transaction Nature:

  • The subscription for additional shares in MGPL qualifies as a Related Party Transaction due to MGPL's status as a wholly-owned subsidiary.
  • Except for the shareholding held by promoter Vidit Aatrey, no other promoters, promoter group entities, or group companies have any interest in MGPL.
  • The transaction is being conducted at arm's length.

3. Industry:

MGPL operates in the industry of "Local logistics network for daily essentials and groceries."

4. Objects and Impact of Acquisition:

The proposed investment is intended to support the overall business operations and growth of MGPL. The funds are meant to enable MGPL to enhance its capabilities, scale its operations, meet its business and regulatory requirements, improve operational efficiency, and support the development of its offerings.

5. Governmental/Regulatory Approvals:

Not Applicable.

6. Timeframe for Completion:

The acquisition is scheduled to be completed on or before September 15, 2026.

7. Consideration:

The investment will be made via cash consideration. The specific amount of the consideration is not disclosed in this filing and will be intimated in due course.

8. Background of Acquired Entity:

  • Date of Incorporation: March 18, 2024
  • Country of Presence: India
  • Line of Business: Local logistics network for daily essentials and groceries.
  • Historical Turnover:
  • FY 2025-26 (Audited): ₹112.10 lakhs
  • FY 2024-25 (Audited): ₹167.30 lakhs
  • FY 2023-24 (Audited): Nil (Entity was incorporated in 2024)
  • No other significant information was provided.

The disclosed information will also be made available on the company's website at www.meesho.com.