StockWatch
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E-Retail/ E-Commerce
Board Meeting23 Jul 2026, 05:20 pm

Meesho Board Approves Financial Results, AoA Alteration, and Investments

AI Summary

Meesho Limited's Board of Directors, in a meeting held on July 23, 2026, approved the Unaudited Financial Results for the quarter ended June 30, 2026. The board also approved the alteration of the Articles of Association, specifically Article 122, to incorporate provisions for founder and investor nomination rights, subject to member approval. Additionally, the company will make an investment of up to ₹75 crore in its wholly-owned subsidiary, Meesho Grocery Private Limited (MGPL), and acquire one equity share in Meesho Payments Private Limited (MPPL) to make it a wholly-owned subsidiary. The meeting also confirmed the appointment of M/s S.R. Batliboi & Associates, LLP as statutory auditors.

Key Highlights

  • Board approved Q1 FY27 unaudited financial results.
  • Articles of Association to be altered regarding nomination rights.
  • Investment of up to ₹75 crore planned for Meesho Grocery Private Limited.
  • Meesho Payments Private Limited to become wholly-owned subsidiary.
  • Statutory Auditors M/s S.R. Batliboi & Associates, LLP confirmed.