5446322026-01-012026-03-315446322026-03-315446322025-03-315446322025-04-012026-03-315446322026-01-012026-03-31in-capmkt:OtherExpenses1Member5446322025-04-012026-03-31in-capmkt:OtherExpenses1Member5446322026-03-31OtherNoncurrentFinancialAssetsDomain15446322026-03-31OtherNoncurrentAssetsDomain15446322026-03-31OtherNoncurrentAssetsDomain25446322026-03-31OtherCurrentFinancialAssetsDomain15446322026-03-31OtherCurrentAssetsDomain15446322026-03-31OtherNoncurrentFinancialLiabilitiesDomain15446322026-03-31OtherCurrentFinancialLiabilitiesDomain15446322026-03-31OtherCurrentFinancialLiabilitiesDomain25446322026-03-31OtherCurrentLiabilitiesDomain15446322026-01-012026-03-31in-capmkt:ReportableSegments1Member5446322026-01-012026-03-31in-capmkt:ReportableSegments2Member5446322025-04-012026-03-31in-capmkt:ReportableSegments1Member5446322025-04-012026-03-31in-capmkt:ReportableSegments2Member5446322026-01-012026-03-31in-capmkt:ReportableSegments1Member5446322026-01-012026-03-31in-capmkt:ReportableSegments2Member5446322025-04-012026-03-31in-capmkt:ReportableSegments1Member5446322025-04-012026-03-31in-capmkt:ReportableSegments2Member5446322026-01-012026-03-31in-capmkt:ReportableSegments1Member5446322026-03-31in-capmkt:ReportableSegments1Member5446322026-01-012026-03-31in-capmkt:ReportableSegments2Member5446322026-03-31in-capmkt:ReportableSegments2Member5446322026-01-012026-03-31in-capmkt:ReportableSegments1Member5446322026-03-31in-capmkt:ReportableSegments1Member5446322026-01-012026-03-31in-capmkt:ReportableSegments2Member5446322026-03-31in-capmkt:ReportableSegments2Member5446322026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15446322025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15446322026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15446322025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15446322026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares544632MEESHONOTLISTEDINE0VDM01015Meesho LimitedMain BoardEquity2025-04-012026-03-312026-05-062026-04-25INRMillionsQuarterlyFourth quarterMulti segment2026-05-0613:00:002026-05-0616:45:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated353121200001157700000364698200000002319830000237800001863300003554073000038070670000-16008500000-1600850000626000000626000000-16634500000000-1663450000-28340000-1691790000-16634500000-1691790000045640600001-0.36-0.3600-0.36-0.361. The Audited Consolidated Financial Results of Meesho Limited (the 'Holding Company’/ the ‘Company’) (formerly known as Meesho Private Limited/ Fashnear Technologies Private Limited) together with its subsidiaries (collectively the “Group”) have been prepared in accordance with the recognition and measurement principles laid down in 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”). <BR> <BR> These consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 06, 2026. <BR> <BR> 2. The figures for the quarter ended March 31, 2026 and corresponding quarter ended March 31, 2025 are the derived balancing figure between audited figures in respect of the full financial year ended March 31, 2026 and March 31, 2025 respectively and the unaudited figures of the nine months period ended December 31, 2025 and December 31, 2024 respectively. <BR> The unaudited consolidated financial results for the nine months period ended December 31, 2024 have been prepared solely based on the information compiled by the Company and have been approved by the Board of Directors which have not been audited or reviewed by the Statutory auditors. <BR> <BR> <BR> 3. During the year ended March 31, 2025, the Board of Directors of the Holding 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 Holding 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 <BR> a) transfer of Grocery business of the Holding Company to MGPL; <BR> b) transfer of Marketplace business of the Holding Company to MTPL; and <BR> c) amalgamation by way of transfer of assets and liabilities of the Transferor Company with the Holding Company. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> The Holding Company has provided for taxes towards Global Intangible Low-Taxed Income, business combination and passive income collectively referred as "Tax payable on account of business combination" arising on account of the aforesaid business combination. The incremental charge recorded during the quarter ended December 31, 2025 and the year ended March 31, 2026 is on account of foreign exchange fluctuations and finalization of the tax obligations. <BR> <BR> 4. During the year ended March 31, 2026, <BR> (a) Pursuant to the Board resolution dated November 06, 2025, the Holding Company has allotted 2,182,749,485 equity shares having face value of Rs. 1 each in lieu of conversion of 2,182,749,485 Compulsorily Convertible Preference Shares ("CCPS") in the conversion ratio of 1:1. <BR> <BR> (b) PT Fashnear Technology Indonesia, a wholly owned subsidiary, has been liquidated on October 06, 2025 as per the intimation from the liquidator. <BR> <BR> (c) The Holding Company has completed its Initial Public Offering (IPO) of 488,396,721 equity shares of face value of Rs. 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 Holding Company’s equity shares were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on December 10, 2025. <BR> <BR> (d) On May 31, 2025, the Holding Company had approved the bonus issue (fully paid up by way of capitalisation of the Company's securities premium) of Equity Shares in the ratio of 47.2509 Equity Share for every 1 Equity Share held. In accordance with the provisions of Ind AS 33, Basic and Diluted EPS for the quarter and nine months period ended December 31, 2024 and for the year ended March 31, 2025 have been adjusted and presented. <BR> <BR> (e) On January 28, 2026 the Holding Company invested in equity shares of Valmo Transportation Private Limited, a wholly owned subsidiary by subscribing to the memorandum of association. <BR> <BR> (f) During the quarter ended March 31, 2026, the Holding Company allotted 50,924,196 equity shares having a face value of INR 1/- each upon exercise of vested options under the Company’s Employee Stock Option Plan, 2024. <BR> <BR> (g) During the quarter ended March 31, 2026, the Income Tax Authorities made certain additions to the taxable income declared for AY2023–24. 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. Subsequent to the year ended March 31, 2026, the Group 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. <BR> <BR> (h) The Board of Directors of the Holding Company, at its meeting held on March 31, 2026, approved an internal re-organization of certain operational functions, employees transfers and contractual arrangements among the Holding Company and its wholly-owned subsidiaries i.e Valmo Transportation Private Limited and Meesho Technologies Private Limited. Pursuant to this reorganization, the Group shall be housing its logistics business under different entities to enhance administrative efficiency and streamline operations. This reorganization will also enable better functional specialization and more focused management of the logistics business <BR> <BR> <BR> 5. Exceptional items: <BR> Employee share based payments include, <BR> (a) Incremental expense upon modification of share based plan of Nil (4,824.80 million FY 2024-25), <BR> (b) Accelerated charge upon vesting of existing options of Nil (620.55 million FY 2024-25), <BR> (c) Perquisite tax paid by the Company of Nil (7,338.16 million of FY 2024-25), <BR> (d) Expenses towards business combination of 1,024.68 million (680.83 million of FY 2024-25) and <BR> (e) Full and final settlement in respect of vendor dispute of 386.23 million (NIl FY 2024-25) <BR> <BR> 6. 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 draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. Based on the Group’s assessment, the provisions currently in force do not have a material impact on these audited consolidated financial results. The Group continues to monitor the finalization of Central/State rules, notifications and clarifications from the Government on the other aspects of the Code <BR> <BR> 7. During the year ended March 31, 2025, Fashnear Shenzhen Trading Co. Ltd, a wholly owned subsidiary was liquidated w.e.f. May 09, 2024. <BR> <BR> 8. The above audited consolidated financial results for the quarter and year ended March 31, 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.2025-04-012026-03-31AuditedConsolidated1262634800004727130000130990610000000912196000089630000468210000131992630000141672430000-10681820000-1410910000-120927300001484650000014846500000-135773800000000-13577380000-29630000-13607010000-135773800000-1360701000004564060000139299660000-3.11-3.1100-3.11-3.11The Group has no debt and interest on borrowings and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presented.The Group has no debt and interest on borrowings and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presented.The Group has no debt and interest on borrowings and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presented.Other Expenses35540730000Other Expenses1319926300007772900000006890500000002586050000001858425000021170300000271452000025351160000095178100006133000062037200001272759000055520000245040000005306997000064633000053716300000007906746000045640600003929966000043863720000043863720000000034756000034756000027887000000626430000011807700001451657000015697340000141480100002984535000045981300001338300000034577310000003520374000079067460000Other financial assets18584250000Right-of-use assets480160000Income tax assets (Net)2234360000Other financial assets24504000000Other current assets646330000Lease liabilities347560000Lease liabilities278730000Other financial liabilities13869280000Other current liabilities4598130000Marketplace35251060000New Initiatives61060000Marketplace126141810000New Initiatives121670000353121200001262634800000035312120000126263480000Marketplace-1984130000New Initiatives-207340000Marketplace-11778270000New Initiatives-702390000-2191470000-124806600002378000089630000-614400000-477560000-1600850000-12092730000Marketplace0New Initiatives0000Marketplace0New Initiatives0000The Group has identified two operational segments in terms of Ind AS 108, Operating Segments namely Marketplace and New initiatives. The principal activities in each of the segment are as below: <BR> (i) Marketplace - Marketplace for sellers and buyers, Display of Ads, Logistics business and Content commerce; and <BR> (ii) New Initiatives - Low-cost local logistics network for daily essentials, Digital financial services and AI services. <BR> Further, the CODM does not review segment assets and liabilities as part of its resource allocation decisions and hence the same has not been disclosed in these results.896300000-567400000-9841000000423130000052331900000-384376000004682100007905600000093746000000021701800001822710000-6309100000-1303640000-77470000-43966000001144120000-10948610000000278047500000-387533600000000000001010400000517000000000000000000000170830000001769640000247271000000425055600000000000233500000000-1257620000410144400004733790000-650000473314000014705800006203720000Re-measurement (loss)/gains on defined employee benefit plans-28340000-28340000Re-measurement (loss)/gains on defined employee benefit plans-28130000-2813000000Exchange differences on translating the financial statements of foreign operations00Exchange differences on translating the financial statements of foreign operations-1500000-150000000-28340000-29630000AuditedtrueS R Batliboi & Associates LLPtrue2027-07-31