Subsidiary6 May 2026, 05:11 pm
Meesho: Board Approves FY26 Audited Results, ₹100 Cr MPPL Investment
AI Summary
The Board of Directors of Meesho Limited approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. Additionally, they approved further investment of up to ₹100 Crores in Meesho Payments Private Limited (MPPL), a subsidiary, through a rights issue or further issue of capital. The investment aims to support MPPL's business operations and growth.
Key Highlights
- Meesho board approved audited financial results for FY26.
- Investment of up to ₹100 Cr approved for subsidiary MPPL.
- MPPL's turnover as of March 31, 2026, was ₹1,104.65 lakhs with a net loss of ₹2,471.67 lakhs.
- The investment will support MPPL's business operations and growth.
- The acquisition is expected to be completed on or before July 30, 2026.