Meesho Approves Q1 FY27 Unaudited Results, Invests ₹75 Crore in MGPL, Acquires MPPL Stake
Meesho Limited approved Q1 FY27 results. The company will invest up to ₹75 crore in subsidiary MGPL and acquire full ownership of MPPL by buying one share. The Board also approved changes to Articles of Association for founder and investor nomination rights. Standalone revenue was ₹209.32 crore, consolidated revenue was ₹371.28 crore.
The investments in subsidiaries and changes to the Articles of Association are significant strategic decisions that could impact future governance and operations. The financial results provide an update on the company's performance.
The company reported financial results, approved investments in subsidiaries, and made strategic changes to its Articles of Association, indicating proactive business management and growth initiatives.
Meesho Limited announced the outcome of its Board Meeting held on July 23, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.
The Board also approved an alteration of the Articles of Association, subject to member approval, to incorporate provisions for the nomination rights of Founders and significant investors. Furthermore, the company approved an additional investment in Meesho Grocery Private Limited (MGPL), a wholly-owned subsidiary, for an aggregate amount not exceeding ₹75 crore (75,00,00,000) through subscription to its rights issue or further issue of capital.
In a separate transaction, Meesho Limited approved the acquisition of one equity share of face value Re. 1 from an existing shareholder in Meesho Payments Private Limited (MPPL), a subsidiary. This acquisition will increase Meesho Limited's shareholding in MPPL from 99.99% to 100%, making MPPL a wholly-owned subsidiary. The meeting commenced at 2:00 p.m. (IST) and concluded at 4:30 p.m. (IST).
The company also published its standalone financial results for the quarter ended June 30, 2026. Standalone revenue from operations was ₹209.32 crore (20,932 million), with a profit before tax of ₹3,537.70 crore (3,537.70 million). Consolidated revenue from operations for the same period stood at ₹371.28 crore (37,128.11 million).
The company's IPO was completed on December 10, 2025. During the quarter ended June 30, 2026, Meesho Limited made an additional investment of ₹999.99 million in MPPL and entered into an agreement to acquire 100% of Kirana Club Pte. Ltd. and 0.41% of Retail Pulse Labs Private Limited for an aggregate consideration of ₹2,020.85 million, expected to be completed by September 30, 2026.
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