5446322026-04-012026-06-305446322026-06-305446322026-04-012026-06-30in-capmkt:OtherExpenses1Member5446322026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15446322026-06-30Statement15446322026-04-012026-06-30Statement15446322026-06-30StatementDynamic1I1Statement15446322026-06-30StatementDynamic1I2Statement15446322026-06-30StatementDynamic1I3Statement15446322026-06-30StatementDynamic1I4Statement15446322026-06-30StatementDynamic1I5Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares544632MEESHONOTLISTEDINE0VDM01015Meesho LimitedMain BoardEquity2026-04-012027-03-312026-07-232026-07-16INRMillionsQuarterlyFirst quarterSingle segmentThe 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 Results2026-07-2314:00:002026-07-2316:30:00Not applicabletrue1falseThe Company has no Loans and Debt Securities2026-04-012026-06-30UnauditedStandalone20932650000466678000025599430000000336040000199700001879500002151777000022061730000353770000003537700000000035377000000000353770000014500003539150000460866000010.760.75000.760.751.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”). <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 4.During the quarter ended June 30, 2026: <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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: <br /> i.100% stake of Kirana Club Pte. Ltd., (“Kirana Club”) a company incorporated under the laws of Singapore; and <br /> ii.0.41% stake of Retail Pulse Labs Private Limited (“RPLPL”), a company incorporated in India, and an existing subsidiary of Kirana Club. <br /> 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. <br /> <br /> The acquisition is expected to be completed during the quarter ended September 30, 2026. <br /> <br /> 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. <br /> <br /> 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 <br /> <br /> a) transfer of Grocery business of the Company to MGPL; <br /> b) transfer of Marketplace business of the Company to MTPL; and <br /> c) amalgamation by way of transfer of assets and liabilities of the Transferor Company with the 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 /> 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. <br /> <br /> (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. <br /> <br /> 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. <br /> (Amounts in Rs. million) <br /> Particulars MTPL MGPL Total <br /> Net assets transferred by the Company (A) 586.83 560.41 1,147.24 <br /> <br /> Consideration received: <br /> Fair value of Equity shares 72,671.57 3,993.96 76,665.53 <br /> Fair value of Compulsorily convertible preference shares 185,952.32 3,319.59 189,271.91 <br /> Total consideration received (B) 258,623.89 7,313.55 265,937.44 <br /> <br /> Gain on demerger (B-A) 258,037.06 6,753.14 264,790.20 <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 7.Exceptional Items (Amounts in Rs. million): <br /> <br /> 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) <br /> <br /> 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) <br /> <br /> 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). <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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.The Company does not have any debt and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presentedThe Company does not have any debt and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presentedThe Company does not have any debt and accordingly, debt equity ratio, debt service coverage ratio and interest service coverage ratio are not presentedOther expenses21517770000Re-measurement (loss)/gains on defined employee benefit plans14500001450000001450000Public Issues2025-12-10425000000002026-06-30trueCRISIL Rating LimitedfalsefalseNo commentsNo commentsDhiresh BansalChief Financial OfficerBengaluru2026-07-23Investment for cloud infrastructure, in Meesho Technologies Private Limited, SubsidiaryNot Applicable139000000001390000000028858900000Payment 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, SubsidiaryNot Applicable4800000000480000000010285400000Investment in Meesho Technologies Private Limited, Subsidiary, for expenditure towards marketing and brand initiativesNot Applicable102000000001020000000023853100000Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes#Not Applicable119783000001212137000051300000000Issue expensesNot Applicable1621700000147863000014248400000