Vidit Aatrey, promoter of meesho , has confirmed that neither he nor the persons acting in concert have created any encumbrance on the shares held by them during the financial year 2025-26. This declaration ensures that the promoter group's shareholding remains free from charges or liens, providing clarity to shareholders regarding the status of these holdings. The disclosure was submitted to the National Stock Exchange of India and BSE on April 08, 2026.

The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to annually disclose any encumbrance created on the shares of the company held by them. The confirmation covers the entire financial year, indicating that no such financial burden was placed on the shares by the promoter group during this period.

The declaration was made on behalf of the promoter group, which includes Aatrey and other individuals and entities acting in concert. The list of these persons is detailed in Annexure A of the filing, confirming that the declaration applies collectively to their shareholding in Meesho Limited.

List of persons acting in concert

The following table lists the individuals and entities comprising the promoter group of Meesho Limited:

The document was digitally signed by Vidit Aatrey on April 08, 2026, in Bangalore. Copies of the declaration were forwarded to the Company Secretary and Compliance Officer, as well as the Audit Committee of Meesho Limited, for their records.

UBS has initiated coverage on Meesho with a Buy rating and a target price of ₹210, expressing a preference for the company even as Indian internet stocks have faced significant pressure in the current year. The brokerage's positive stance is underpinned by signs of stabilisation in key operating metrics and a moderation in competitive intensity within the quick-commerce segment.

UBS Outlook and Key Rationale

UBS cited stabilising trends across critical performance indicators — including Gross Merchandise Value (GMV), Net Order Value (NOV), and billings growth — across internet segments as a primary basis for its constructive view on Meesho. The brokerage also pointed to easing quick-commerce competition as an additional tailwind supporting its Buy recommendation.

The key parameters underpinning UBS's rating are summarised below:

Broader Indian Internet Sector Context

The Buy recommendation on Meesho comes against a challenging backdrop for Indian internet stocks, which have corrected between 10–30% year-to-date (YTD). UBS attributed this broad-based decline to a combination of factors:

• Macro concerns weighing on investor sentiment
• Competitive pressures across multiple internet sub-segments
• AI disruption concerns creating uncertainty around business models

Despite these headwinds affecting the wider sector, UBS has singled out Meesho as a preferred pick, reflecting confidence in the company's relative positioning and the stabilisation observed in its core operating metrics.