Meesho Ltd Share Price – NSE /  BSE

E-Commerce/App based Aggregator, Mid Cap

Meesho has allotted 1,03,59,200 equity shares under ESOP on 20 June 2026. Pursuant to the above allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs. 4,59,83,01,651 (comprising 4,59,83,01,651 equity shares of Re. 1/- each) to Rs. 4,60,86,60,851 (comprising 4,60,86,60,851 equity shares of Re. 1/- each).

Under the agreement, Meesho will acquire 100% of the share capital of Kirana Club and 0.41% of the share capital of RPLPL from the identified selling shareholders through three tranches.

Kirana Club, incorporated in Singapore, develops proprietary software applications and operates a digital platform catering to grocery retailers. Its subsidiary, Retail Pulse Lab (RPLPL), operates a B2B e-commerce marketplace that connects kirana stores and small retailers with FMCG brands and distributors, primarily across Tier-2, Tier-3, Tier-4 cities and rural India. The platform generates revenue through commissions and advertising services.

For FY26, Kirana Club reported a turnover of SGD 45,808.25, while RPLPL recorded a turnover of Rs 15.84 crore.

As per the agreement, the company will acquire 100% shareholding in Kirana Club incorporated under laws of Singapore and 0.41% of the share capital of RPLPL, an existing subsidiary of Kirana Club incorporated under the laws of India, from the identified selling shareholders, under three tranches.

The company said that the acquisition extends its mission of democratizing internet commerce to millions of retailers who power commerce across India, and provides significant deeper access to not only the over $650 billion grocery market of which Kirana and general trade channels accounts for more than 90%, but also a platform for B2B play across categories.

Kirana Club will continue to operate independently within the Meesho group. The acquisition is expected to be completed in three tranches, on or before March 31, 2027, subject to satisfaction of the conditions precedent and other terms and conditions set out in the SPA

Anshul Gupta, Co-founder and CEO of Kirana Club, said, ?Kirana Club was built on a simple belief: small retailers in Bharat deserve the same access, transparency and efficiency as modern retail. Over the last few years, we have built deep trust with kirana retailers by combining community, local insights and commerce. Meesho understands Bharat at scale and shares our belief in serving underserved users through technology. With this partnership, we can accelerate our mission of building India?s most trusted digital commerce network for kiranas.?

Vidit Aatrey, chairman, managing director and chief executive officer, Meesho, said, ?At Meesho, we have always believed that technology can expand access and opportunity for underserved users across India. Kirana Club has built deep trust among small retailers through its asset-light and community-first approach. We see significant opportunities to strengthen access, transparency and product discovery for kiranas in underserved markets across India, and also extend this to all forms of B2B retail across India.?

Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name ?Meesho,? enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses.

The company?s consolidated net loss narrowed to Rs 166.34 crore in Q4 FY26 compared with net loss of Rs 1,393.12 crore in Q4 FY25. Revenue from operations climbed 47.14% YoY to Rs 3,531.21 crore in Q4 FY26.

The counter shed 0.71% to settle at Rs 167.15 on the BSE.

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Meesho has additionally invested Rs 100 crore in its wholly owned subsidiary, Meesho Payments by way of subscribing 30,58,103 fully paid-up equity shares of Re. 1/- each through a rights issue on 08 May 2026. The said investment will not cause any change in the percentage of the equity shareholding of the Company in MPPL.

The Investment by the Company is intended to support the overall business operations and growth of MPPL, enabling it to enhance its capabilities, scale its operations, and effectively meet its business and regulatory requirements. The infusion of funds is expected to facilitate expansion of MPPL's activities, improve operational efficiency, and support the development of its offerings in line with the evolving needs of the business and the market needs.

Revenue from operations climbed 47.14% YoY to Rs 3,531.21 crore in Q4 FY26.

The company reported pre-tax loss of Rs 160.08 crore in Q4 FY26 compared with pre tax loss of Rs 1,394.93 crore in Q4 FY25.

The company reported net merchandise value (NMV) of Rs 11,371 crore, up around 43% YoY, with 717 million orders (over 43% YoY), driven by continued new user onboarding and deeper engagement from existing cohorts.

Annual transacting users (ATU) climbed 28% YoY to 264 million in Q4 FY26.

Meesho Mall grew 82% YoY in Q4 FY26, enabling value-conscious consumers to access national brands at competitive prices. Top brands scaled over 6X, while FMCG, led by Beauty and Personal Care, grew 86%.

On full year basis, the company?s consolidated net loss narrowed to Rs 1,357.73 crore in FY26 compared with net loss of Rs 3,941.70 crore in FY25. Revenue from operations jumped 34.47% YoY to Rs 12,626.34 crore in FY26.

Vidit Aatrey, Founder & CEO, Meesho said, ?FY2026 has deepened our conviction that the Indian e-commerce market has far more depth than most people assume. In emerging markets like China, Southeast Asia, and Latin America, more than 80% of smartphone users shop online. In India, that number is around 30%, not because Indians don't want to shop online, but because nobody built e-commerce that actually works for them. Every time we removed one of those barriers, the market got larger. That pattern has held for a decade.

What AI has changed is the pace at which we can now remove them. Today, more than 75% of orders on Meesho come from personalized feeds that infer what a user is looking for before they even type a query. Vaani, our voice shopping agent, lets a user describe what they want in their own language and complete a purchase through conversation. GeoIndia decodes the landmarkbased, vernacular addresses that conventional systems cannot parse. The result is that first-time buyers who had never placed an order online are now completing purchases on Meesho.

Meanwhile, the board approved an additional investment of up to Rs 100 crore in its subsidiary, Meesho Payments, through subscription to a rights issue or further capital issuance in one or more tranches.

Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name ?Meesho,? enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses.

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