Integrated Filing — IndAS



General information about company

Scrip Code 544632
NSE Symbol MEESHO
MSEI Symbol NOTLISTED
ISIN INE0VDM01015
Name of company Meesho Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 23-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment The Company publishes these Unaudited Standalone Financial Results along with the Unudited Consolidated Financial Results. In accordance with Ind AS 108,‘Operating Segments’, the Company has disclosed the segment information only in unaudited Consolidated Results
Start date and time of board meeting 23-07-2026   14:00:00
End date and time of board meeting 23-07-2026   16:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has no Loans and Debt Securities



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 2,09,326.50 2,09,326.50
Other income 46,667.80 46,667.80
Total income 2,55,994.30 2,55,994.30
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 3,360.40 3,360.40
(e) Finance costs 199.70 199.70
(f) Depreciation, depletion and amortisation expense 1,879.50 1,879.50
(f) Other Expenses
1 Other expenses 2,15,177.70 2,15,177.70
Total other expenses 2,15,177.70 2,15,177.70
Total expenses 2,20,617.30 2,20,617.30
3 Total profit before exceptional items and tax 35,377.00 35,377.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 35,377.00 35,377.00
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 35,377.00 35,377.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 35,377.00 35,377.00
17 Other comprehensive income net of taxes 14.50 14.50
18 Total Comprehensive Income for the period 35,391.50 35,391.50
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 46,086.60 46,086.60
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.76 0.76
Diluted earnings (loss) per share from continuing operations 0.75 0.75
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.76 0.76
Diluted earnings (loss) per share from continuing and discontinued operations 0.75 0.75
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The above Unaudited Standalone Financial Results of Meesho Limited (‘the Company’) (formerly known as Meesho Private Limited/ Fashnear Technologies Private Limited) have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013, as amended, read with the Companies (Indian Accounting Standards Rules), 2015, as amended and other accounting principles generally accepted in India and in terms of Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (‘SEBI LODR’), as amended (“Listing Regulations”). These unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 23, 2026. 2.The figures for the quarter ended March 31, 2026 are the derived balancing figure between audited figures in respect of the full financial year ended March 31, 2026 and the unaudited figures of the nine months period ended December 31, 2025. 3.During the year ended March 31, 2026, the Company had completed its Initial Public Offering (IPO) of 488,396,721 equity shares of face value of Re. 1 each at an issue price of Rs. 111 per share (including a share premium of Rs. 110 per share). The issue consisted of a fresh issue of 382,882,882 equity shares aggregating to Rs. 42,500.00 million and an offer for sale of 105,513,839 equity shares by selling shareholders aggregating to Rs. 11,712.04 million. The Company’s equity shares were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on December 10, 2025. 4.During the quarter ended June 30, 2026: a.The Company has allotted 44,605,655 equity shares having a face value of Re. 1/- each upon exercise of vested options under the Company’s Employee Stock Option Plan, 2024. b.Pursuant to the Board resolution dated May 07, 2026, the Company has made an additional investment of Rs. 999.99 mn in Meesho Payments Private Limited, a wholly owned subsidiary, by way of subscription to rights issue of 3,058,103 equity shares of face value of Re. 1 each at an issue price of Rs. 327 per equity share (including securities premium of Rs. 326 per equity share). The aforesaid investment has been made to facilitate the operational growth and financial requirements of its wholly owned subsidiary. c.On June 12, 2026, the Company has entered into a Share Purchase Agreement with certain identified selling shareholders to acquire the below stake for an aggregate consideration amounting to Rs. 2,020.85 million: i.100% stake of Kirana Club Pte. Ltd., (“Kirana Club”) a company incorporated under the laws of Singapore; and ii.0.41% stake of Retail Pulse Labs Private Limited (“RPLPL”), a company incorporated in India, and an existing subsidiary of Kirana Club. The aforesaid consideration is payable in three tranches, subject to the satisfaction of the specified conditions precedent applicable for each tranche, and including relevant regulatory approvals. The acquisition is expected to be completed during the quarter ended September 30, 2026. 5.During the quarter and year ended March 31, 2026, the Income Tax Authorities made certain additions to the taxable income declared for AY 2023-24. Consequently, a demand of Rs. 14,997.38 million was raised, along with a show-cause notice for initiation of penalty proceedings under Sections 274 and 270A of the Income-tax Act, 1961. During the quarter ended June 30, 2026, the Company filed a rectification request against the assessment order with the Deputy Commissioner of Income Tax and has also filed an appeal before the National Faceless Appeal Centre, Delhi (NFAC). A similar demand order of Rs. 5,720.69 million was issued for AY 2022-23 on which an interim stay has been granted by the Hon’ble High Court of Karnataka and the matter is currently pending. Based on independent tax and legal advice, the management is confident of the favorable outcome upon conclusion of the proceedings. 6.(i) During the year ended March 31, 2025, the Board of Directors of the Company, its wholly owned subsidiaries Meesho Grocery Private Limited (‘MGPL’), Meesho Technologies Private Limited (‘MTPL’) and Meesho Inc. (erstwhile Holding Company) (hereinafter referred to as “Transferor Company”) approved the Composite Scheme of Arrangement between the Company, MGPL, MTPL, Transferor Company and their respective shareholders and creditors (hereinafter referred to as “the Scheme”) in accordance with the provisions of Sections 230 to 232 of the Act which was filed with National Company Law Tribunal, Bengaluru Bench (‘NCLT’) on April 25, 2024 for a) transfer of Grocery business of the Company to MGPL; b) transfer of Marketplace business of the Company to MTPL; and c) amalgamation by way of transfer of assets and liabilities of the Transferor Company with the Company. The aforesaid Scheme was approved by an order passed by NCLT on May 27, 2025. Subsequently, the certified copy of the order passed by NCLT has been filed with the relevant Registrar of Companies and the relevant statutory authorities in the USA on June 15, 2025 and June 20, 2025 respectively. The amalgamation has been accounted for in accordance with “pooling of interest method” as laid down in Appendix C - ‘Business combinations of entities under common control’ of Ind AS 103 notified under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015. During the year ended March 31, 2025, the Company had provided for taxes towards Global Intangible Low-Taxed Income, business combination and passive income collectively referred to as Tax payable on account of business combination arising on account of the aforesaid business combination. The incremental charge recorded during the quarter ended June 30, 2025 and year ended March 31, 2026 was on account of foreign exchange fluctuations and finalisation of the tax obligations. (ii) During the year ended March 31, 2026, the grocery and e-commerce undertakings of the Company were transferred to MTPL and MGPL w.e.f. June 1, 2025. The carrying value of the net assets of the grocery and e-commerce undertakings [refer details below] were transferred to MGPL and MTPL. As a consideration of the demerger, MTPL and MGPL issued equity shares and Compulsorily convertible preference shares (‘CCPS’) to the Company. The Company had recognised the investment in equity shares and CCPS of MTPL and MGPL, received as consideration at fair value in its books of accounts. The surplus/deficit which had arisen after taking effect of consideration over the carrying value of net assets of MTPL and MGPL was recognised as an exceptional item in the standalone financial results for the quarter ended June 30, 2025 and the year ended March 31, 2026 respectively. (Amounts in Rs. million) Particulars MTPL MGPL Total Net assets transferred by the Company (A) 586.83 560.41 1,147.24 Consideration received: Fair value of Equity shares 72,671.57 3,993.96 76,665.53 Fair value of Compulsorily convertible preference shares 185,952.32 3,319.59 189,271.91 Total consideration received (B) 258,623.89 7,313.55 265,937.44 Gain on demerger (B-A) 258,037.06 6,753.14 264,790.20 iii) Until June 01, 2025, the Company generated revenue from online delivery of goods, display of advertisements on the platform, assurance services and other platform-related services. Pursuant to the demerger of the e-commerce and grocery undertakings w.e.f. June 01, 2025 as detailed in note 6(ii), the Company transferred these businesses to MTPL and MGPL respectively. Consequently, from June 01, 2025, the Company generated revenue from providing logistics services through its delivery channel — Valmo — exclusively to MTPL. The Board of Directors of the Company, at its meeting held on March 31, 2026, approved an internal reorganization involving certain operational functions, employee transfers, and contractual arrangements among the Company and its wholly owned subsidiaries, namely Valmo Transportation Private Limited (VTPL) and MTPL. Pursuant to this reorganization, the Company and its subsidiaries (collectively, the Group) are reorganising the logistics business across different Group entities to enhance administrative efficiency, enable functional specialization, and allow more focused management of the logistics business. As a result of this reorganization, the Company is now providing delivery services directly to sellers, and a portion of the Valmo delivery channel is operated by VTPL which provides delivery services to seller/platform users. Considering the aforesaid business reorganization and demerger detailed in note 6(ii), the unaudited standalone financial results for the quarter ended June 30, 2026 are not comparable with the standalone financial results for the quarter ended June 30, 2025 and March 31, 2026. 7.Exceptional Items (Amounts in Rs. million): a) Gain on demerger (refer note 6(ii) above) is Nil for June 30, 2026 (Nil for quarter ended March 31, 2026 ; Rs. (264,790.20) million for quarter ended June 30, 2025 and Rs. (264,790.20) million for year ended March 31, 2026) b) Expenses towards business combination is Nil for June 30, 2026 (Nil for quarter ended March 31, 2026 ; Rs. 924.05 million for quarter ended June 30, 2025 and Rs. 1,024.68 million for year ended March 31, 2026) Total is Nil for June 30, 2026 (Nil for quarter ended March 31, 2026 ; Rs. (263,866.15) million for quarter ended June 30, 2025 and Rs. (263,765.52) million for year ended March 31, 2026). 8.The Company publishes these Unaudited Standalone Financial Results along with the Consolidated Financial Results. In accordance with Ind AS 108,‘Operating Segments’, the Company has disclosed the segment information only in Consolidated Financial Results. 9.The Government of India w.e.f. November 21, 2025, notified the Code on Social Security, 2020, the Industrial Relations Code, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the Codes), which replaces the existing central labour legislations. The Ministry of Labour & Employment published final Central Rules, draft state rules and FAQs to enable assessment of the financial impact due to changes in regulations. Based on the Company’s assessment, the provisions currently in force do not have a material impact on these unaudited standalone financial results. The Company continues to monitor the finalization of State rules, notifications and clarifications from the Government on the other aspects of the Code. 10.The above unaudited standalone financial results of the Company for the quarter ended June 30, 2026 are available on the Company’s website (www.meesho.com) and also on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed.



Remarks

Debt equity ratio The Company does not have any debt and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presented
Debt service coverage ratio The Company does not have any debt and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presented
Interest service coverage ratio The Company does not have any debt and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presented


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement (loss)/gains on defined employee benefit plans 14.50 14.50
Total Amount of items that will not be reclassified to profit and loss 14.50
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 14.50 14.50





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 10-12-2025
Amount Raised 4,25,000.00
Report filed for Quarter ended 30-06-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL Rating Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review No comments
Comments of the auditors, if any No comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Investment for cloud infrastructure, in Meesho Technologies Private Limited, Subsidiary Not Applicable 1,39,000.00 1,39,000.00 28,858.90 0.00
2 Payment of salaries of existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by Meesho Technologies Private Limited, Subsidiary Not Applicable 48,000.00 48,000.00 10,285.40 0.00
3 Investment in Meesho Technologies Private Limited, Subsidiary, for expenditure towards marketing and brand initiatives Not Applicable 1,02,000.00 1,02,000.00 23,853.10 0.00
4 Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes# Not Applicable 1,19,783.00 1,21,213.70 51,300.00 0.00
5 Issue expenses Not Applicable 16,217.00 14,786.30 14,248.40 0.00


Signatory Details

Name of signatory Dhiresh Bansal
Designation of person Chief Financial Officer
Place Bengaluru
Date 23-07-2026