Intimation w.r.t Monitoring Agency Report for the quarter ended March 31, 2026

Meesho Limited filed its Q4 FY2026 monitoring agency report for its IPO proceeds. The company raised Rs 42,500 million (net Rs 41,004.90 million) in an IPO that closed on December 5, 2025. Of the net proceeds, Rs 3,748.52 million (about 9%) was utilized in the quarter: Rs 1,185.95 million on cloud infrastructure, Rs 258.69 million on AI and technology salaries, Rs 1,228.00 million on marketing and brand initiatives, and Rs 702.63 million on issue expenses. Rs 12,104.90 million allocated to acquisitions and general corporate purposes remains completely unutilized. Actual IPO expenses came in Rs 126.60 million lower than estimated, which was added back to the general corporate purposes bucket. No deviations from the offer document were observed and no implementation delays were reported. The bulk of unutilized funds (Rs 38,751.48 million) are parked across multiple fixed deposits with banks like Kotak, Axis, RBL, and ICICI.