Announced Thu, 23 Jul · 19:14 IST
Meesho corrects MGPL figure to loss; plans up to Rs 75 crore infusion
Compliance View source PDF
MEESHO · price
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Price reaction · full curve 14 horizons · vs prior close
-2.9%1-day move
₹188.35
prior close
₹188.30
base price
After-mkt
timing
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AI summary
Meesho corrected an earlier filing, changing MGPL's net from profit of Rs 6,899.30 lakhs to a net loss of the same amount. The company plans to invest up to Rs 75 crore into its wholly owned grocery subsidiary MGPL, which runs a local logistics network for daily essentials. MGPL FY26 turnover was Rs 112.10 lakhs, FY25 was Rs 167.30 lakhs. The investment qualifies as a related party transaction. Completion targeted by September 15, 2026.
Likely market impact
Correction shows MGPL is loss-making, not profitable. The Rs 75 crore is internal to a wholly-owned subsidiary, so limited direct impact.