Meesho Limited has announced the approval of its unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026. Key decisions from the board meeting include the appointment of Mr. Sudhir Ganesh Sitapati as an Additional Director (Non-Executive Independent Director) and an additional investment of up to USD 100,000 in its wholly-owned subsidiary, Meesho Networks LLC. The financial results show a revenue from operations of ₹25,108.35 million for the quarter ended September 30, 2026.
Meesho’s Board Meeting Outcome
Meesho Limited, on October 28, 2026, announced the outcomes of its Board of Directors meeting. The board approved the unaudited financial results, both standalone and consolidated, for the quarter and six-month period ending September 30, 2026.
Financial Highlights
For the quarter ended September 30, 2026, Meesho Limited reported revenue from operations of ₹25,108.35 million. The total income for the quarter stood at ₹29,297.38 million. The company’s net profit for the quarter was ₹1,895.25 million.
Key Appointments and Investments
In a significant governance move, the board approved the appointment of Mr. Sudhir Ganesh Sitapati as an Additional Director in the capacity of Non-Executive Independent Director. This appointment is for a term of five years, commencing October 28, 2026, subject to shareholder approval. Mr. Sitapati has confirmed his independence and that he has not been debarred from holding a directorial position.
Furthermore, the company announced an additional investment in its wholly-owned subsidiary, Meesho Networks LLC (‘MNL’). The aggregate investment will not exceed USD 100,000 (United States Dollars One Hundred Thousand Only), to be made in one or more tranches. MNL is set up with the primary objective of commercializing artificial intelligence technologies and solutions, supporting strategic growth and business expansion.
Committee Reconstitution
Following Mr. Sitapati’s appointment, the composition of the Board Committees has been reconstituted. Mr. Sitapati has been appointed as a member of the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee.
Meeting Details
The Board meeting commenced at 03:30 p.m. (IST) and concluded at 04:20 p.m. (IST).
Source: BSE
