Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Regulation 30 disclosure - Outcome of Board Meeting

Date of Board Meeting / Approval: July 23, 2026 (commenced at 2:00 PM IST, concluded at 4:30 PM IST)

Audit Opinion: Limited Review Report issued by S.R. Batliboi & Associates LLP - No material misstatement noted. Clean review opinion.

Auditor’s Comment: None that affects earnings quality, internal controls, or going concern.

Key Financial Highlights [All amounts in Indian Rupees in Million]

Standalone Results:

Revenue from Operations: ₹20,932.65 (Q1 FY27) vs ₹20,318.76 (Q1 FY26) [3.0% YoY growth] vs ₹13,790.25 (Q4 FY26) [51.8% QoQ growth]

Total Income: ₹25,599.43 (Q1 FY27) vs ₹21,577.60 (Q1 FY26) vs ₹17,526.50 (Q4 FY26)

EBITDA: Not explicitly disclosed

Net Profit: ₹3,537.70 (Q1 FY27) vs ₹262,555.89 (Q1 FY26) vs ₹3,196.32 (Q4 FY26)

EPS: Basic ₹0.76; Diluted ₹0.75 (not annualized)

Other Equity: Not specified for current quarter

Cash and Cash Equivalents: Not disclosed

Debt: Not disclosed

Consolidated Results:

Revenue from Operations: ₹37,128.11 (Q1 FY27) vs ₹25,038.66 (Q1 FY26) [48.3% YoY growth] vs ₹35,312.12 (Q4 FY26) [5.1% QoQ growth]

Total Income: ₹38,264.03 (Q1 FY27) vs ₹26,299.58 (Q1 FY26) vs ₹36,469.82 (Q4 FY26)

EBITDA: Not explicitly disclosed

Net Profit: (Loss) of ₹(1,328.35) (Q1 FY27) vs ₹(2,893.58) (Q1 FY26) [54.1% improvement YoY] vs ₹(1,663.45) (Q4 FY26) [20.1% improvement QoQ]

EPS: Basic ₹(0.28); Diluted ₹(0.28) (not annualized)

Other Equity: ₹39,299.66 (as of March 31, 2026)

Cash and Cash Equivalents: Not disclosed

Debt: Not disclosed

Segment-wise Performance:

The Group has two operational segments:

1. Marketplace: Marketplace for sellers and buyers, Display of Ads, Logistics business, and Content commerce

  • Q1 FY27 Revenue: ₹37,070.95
  • Q1 FY27 Segment Results: ₹(1,389.21)

2. New Initiatives: Low-cost local logistics network for daily essentials, Digital financial services, and AI services

  • Q1 FY27 Revenue: ₹57.16
  • Q1 FY27 Segment Results: ₹(39.298)

Corporate Actions:

Dividend: Not declared

Share Split/Bonus/Buyback: Not announced

Capital Raising:

  • During quarter: Allotted 44,605,655 equity shares (face value Re. 1 each) upon exercise of vested options under Employee Stock Option Plan, 2024

Other Significant Information:

Subsidiary Investments Approved:

1. Meesho Grocery Private Limited (MGPL): Additional investment not exceeding ₹75 crore (₹75,00,00,000) by subscribing to rights issue/further issue of capital

  • MGPL Financials (March 31, 2026): Turnover ₹112.10 lakhs, Net profit ₹6,899.30 lakhs
  • Business: Local logistics network for daily essentials and groceries
  • Incorporated: March 18, 2024

2. Meesho Payments Private Limited (MPPL): Acquisition of 1 equity share (0.01% stake) from existing shareholder (Vidit Aatrey) for ₹1 face value

  • Will increase holding from 99.99% to 100% (becomes wholly-owned subsidiary)
  • MPPL Financials (March 31, 2026): Turnover ₹1,104.65 lakhs, Net loss ₹2,471.67 lakhs
  • Business: Lending Service Provider (LSP)
  • Incorporated: April 25, 2019

Articles of Association Amendments:

  • Proposed substitution of Article 122 to formalize board nomination rights:
  • Founders Nomination Right: Vidit Aatrey and Sanjeev Kumar entitled to remain on board if collectively hold at least 3% of paid-up equity or 75,62,14,937 shares
  • Significant Investors Nomination Right: Two largest non-promoter shareholders holding ≥8% can nominate one director each
  • Lenders Nomination Right: Existing provisions for financial institutions/lenders retained

Acquisition Activity:

  • On June 12, 2026: Entered Share Purchase Agreement to acquire:
  • 100% stake of Kirana Club Pte. Ltd. (Singapore)
  • 0.41% stake of Retail Pulse Labs Private Limited (India)
  • Aggregate consideration: ₹2,020.85 million, payable in three tranches
  • Expected completion: Quarter ending September 30, 2026

Business Reorganization:

  • Internal reorganization approved on March 31, 2026 involving operational functions, employee transfers, and contractual arrangements with subsidiaries Valmo Transportation Private Limited and Meesho Technologies Private Limited
  • Purpose: Enhance administrative efficiency and streamline logistics operations across group entities

Entities in Consolidation:

1. Meesho Limited

2. Meesho Technologies Private Limited

3. Meesho Grocery Private Limited

4. Meesho Payments Private Limited

5. PT Fashnear Technology Indonesia (liquidated w.e.f. October 06, 2025)

6. Meesho Networks LLC (incorporated April 21, 2025)

7. Valmo Transportation Private Limited (incorporated January 28, 2026)

Exceptional Items:

  • Standalone: None in current quarter; Previous year had gain on demerger of ₹264,790.20 million and business combination expenses
  • Consolidated: None in current quarter; Previous year had business combination expenses of ₹924.05 million (Q1 FY26) and ₹1,410.91 million (FY26)

Paid-up Share Capital: ₹4,608.66 million (4,608.66 million shares of Re. 1 each)