Meesho Limited has disclosed an additional investment in its wholly-owned subsidiary, Meesho Grocery Private Limited (MGPL). This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations and in continuation of the company's intimation dated July 23, 2026, regarding the outcome of a board meeting.

Nature of the Event

The company has made an additional investment in MGPL by subscribing to 71,022,727 fully paid-up equity shares with a face value of ₹10 each through a rights issue. This constitutes a cash consideration investment.

Key Quantitative Figures

  • Number of shares subscribed: 71,022,727
  • Face value per share: ₹10
  • Total investment value: ₹71,022,7270 (₹71.02 crore)
  • MGPL Financials (as of March 31, 2026):
  • Turnover: ₹112.10 lakhs (₹1.12 crore)
  • Net Loss: ₹6,899.30 lakhs (₹68.99 crore)
  • MGPL 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)

Parties Involved

  • Investor: Meesho Limited (the listed entity)
  • Target Company: Meesho Grocery Private Limited (MGPL), a wholly-owned subsidiary
  • Promoter with interest: Vidit Aatrey (Promoter of Meesho Limited) has an interest in MGPL.

Purpose and Rationale

The investment is intended to support the overall business operations and growth of MGPL. The stated objectives are to enable MGPL to enhance its capabilities, scale its operations, meet its business and regulatory requirements, facilitate expansion, improve operational efficiency, and support the development of its offerings in line with evolving market needs. MGPL operates in the industry of "Local logistics network for daily essentials and groceries."

Related Party Transaction

As MGPL is a wholly-owned subsidiary, the transaction qualifies as a related party transaction. The company has confirmed that except for promoter Vidit Aatrey's shareholding, no other promoters, promoter group entities, or group companies have any interest in MGPL. The transaction is presented as the company acting in its capacity as a shareholder.

Governmental/Regulatory Approvals

The disclosure states that no governmental or regulatory approvals were required for this acquisition.

Additional Information

  • Country of Presence for MGPL: India
  • No other significant information was provided in the disclosure.

The complete disclosure is also available on the company's website at www.meesho.com.