Meesho Limited has informed the Exchange about Incorporation of Wholly Owned Subsidiary of the Company
MEESHO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Meesho's board, at its meeting on January 12, 2026, approved setting up a new wholly owned subsidiary focused on logistics services like movement, loading, unloading, in-transit storage, and trans-shipment of goods. The new entity is being newly incorporated (name pending with MCA), will be 100% owned by Meesho, and is being set up with a small initial share capital of INR 1 Lakh in cash. The board also appointed BMP & Co. LLP as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. Additionally, a postal ballot notice was cleared to seek shareholder approval for ratifying and amending the ESOP 2024 Plan, extending ESOP benefits to subsidiary employees, and approving the new secretarial auditor. The board meeting lasted from 9:30 PM to 10:00 PM.
The new logistics subsidiary signals Meesho's move to bring more of its supply chain in-house, which could improve delivery efficiency and control over costs in the long run, though the initial financial commitment is minimal. The ESOP changes and auditor appointment are routine governance items pending shareholder nod via postal ballot.