Meesho Limited has informed the Exchange regarding Notice of Postal Ballot
MEESHO · price
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Meesho Limited has issued a Postal Ballot Notice to shareholders for three resolutions to be voted on via remote e-voting through NSDL between January 14, 2026 and February 12, 2026. The first two are special resolutions: (1) ratification and amendment of the ESOP 2024 Plan — removing the cashless exercise mechanism, adding a maximum vesting period, and deleting the settlement-of-options clause to align with SEBI (SBEB & SE) Regulations; and (2) ratification of extending ESOP 2024 Plan benefits to eligible employees of subsidiary companies. The third is an ordinary resolution to appoint M/s. BMP & Co. LLP, Practising Company Secretaries, as Secretarial Auditors for a five-year term covering FY 2025-26 through FY 2029-30. The company recently listed on BSE and NSE on December 10, 2025 following its IPO, and these resolutions are largely required to bring its pre-IPO ESOP plan into compliance with post-listing SEBI rules.
These are routine governance and post-IPO compliance items and are unlikely to have a material impact on the stock price. The ESOP amendments are administrative and do not alter the fundamental features of the plan, while the secretarial auditor appointment is a standard regulatory requirement. Shareholders should review the proposed ESOP changes, particularly the removal of the cashless exercise option, before voting.