Meesho Ltd Corrects MGPL Net Profit to Net Loss of ₹6,899.30 Lakhs

Meesho Limited has issued a clarification regarding its previous intimation on additional investment in its wholly-owned subsidiary, Meesho Grocery Private Limited (MGPL). The company has corrected a significant financial figure, stating that the "Net Profit of Rs. 6,899.30 lakhs" for MGPL should be read as a "Net Loss of Rs. 6,899.30 lakhs" as of March 31, 2026. The turnover for MGPL was reported as Rs. 112.10 lakhs. This investment, up to INR 75 Crore, is intended to support MGPL's overall business operations, growth, and expansion in the local logistics network for daily essentials and groceries. The transaction qualifies as a related party transaction, with the company retaining 100% shareholding in MGPL.