Meesho Ltd has relieved Ms. Megha Agarwal from her duties as General Manager – Business with effect from July 07, 2026. The company accepted her resignation, which was tendered for personal reasons, concluding her tenure as a Senior Management Personnel.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had first intimated the exchanges regarding the resignation on January 07, 2026.

Resignation Details

The following table outlines the key particulars of the resignation disclosed by the company:

The resignation was formally communicated via email to the CEO, Vidit Aatrey, in January 2026. The company confirmed that the relevant disclosures required under the SEBI Master Circular have been submitted to the exchanges.

Meesho Limited has approved the grant of 3,886 stock options to eligible employees under its ESOP 2024 Plan. The Nomination and Remuneration Committee of the Board of Directors sanctioned the issuance through a circular resolution passed on July 01, 2026. This move aligns with the company's strategy to incentivize employees through equity participation.

The disclosure was made to the National Stock Exchange of India and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015. The scheme adheres to the SEBI (SBEB) Regulations, 2021, ensuring transparency and regulatory compliance in the allocation process.

Each granted stock option is convertible into 49 fully paid-up equity shares, with a face value of Re. 1 each. Consequently, the total number of equity shares covered by these options stands at 1,90,414. The exercise price for the stock options has been fixed at Re. 1 per option, providing a direct path for employees to acquire equity in the company.

The options will be exercisable only after the vesting period, subject to the grantee remaining in the company's employment. In cases where employment ceases, all vested options as of the last working day must be exercised within six months from the date of cessation. The ESOP 2024 Plan also outlines provisions for handling options in scenarios such as death, permanent incapacity, resignation, termination, and retirement.

Equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period. The company has made the detailed disclosure available on its investor relations website, ensuring accessibility for all stakeholders.

Key Details of ESOP 2024 Grant