Meesho Limited has informed the Exchange regarding 'Outcome of Board Meeting held on January 12, 2026'.
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 met on January 12, 2026 and approved three key items. First, the company will set up a new wholly owned subsidiary focused on logistics services, including loading, unloading, storage, and trans-shipment of goods; the new entity will start with a small share capital of Rs. 1 lakh and Meesho will hold 100% stake. Second, the board appointed M/s. BMP & Co. LLP, a Bengaluru-based firm of practising company secretaries, as the company's secretarial auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. Third, a postal ballot notice will be sent to shareholders to ratify and amend the ESOP 2024 Plan, extend its benefits to employees of subsidiaries, and approve the secretarial auditor appointment.
For shareholders, this is a routine set of governance and operational decisions. The new logistics subsidiary could help Meesho bring part of its supply chain in-house, which may improve margins over time but is unlikely to move the stock in the near term. The postal ballot gives existing shareholders a chance to vote on ESOP changes, which could slightly dilute their holding if more options are issued.