Meesho Limited has confirmed a further substantial investment of ₹28,900 crores in its wholly-owned subsidiary Meesho Technologies Private Limited (MTPL). This major capital infusion represents a strategic move to strengthen the company's technology infrastructure and marketplace capabilities following its recent public listing.

Investment Structure and Details

The investment is being executed through a rights issue mechanism, involving significant equity participation in the subsidiary. This transaction forms part of the systematic utilization of proceeds from Meesho's Initial Public Offering, as outlined in the company's prospectus.

About Meesho Technologies Private Limited

MTPL serves as the core technology platform powering the Meesho marketplace ecosystem. The subsidiary was incorporated on March 22, 2024, and has quickly established itself as a crucial component of India's e-commerce landscape, connecting sellers with consumers across multiple product categories.

Business Operations:

• Fashion and accessories marketplace
• Electronics and consumer goods
• Home and kitchen products
• Health and fitness equipment
• Office and business supplies

Financial Performance Overview

The subsidiary has demonstrated robust financial performance since its incorporation, justifying the continued investment commitment from the parent company.

Strategic Implications

This further investment underscores Meesho's commitment to expanding its technology capabilities and marketplace reach. The substantial capital allocation to MTPL reflects the company's strategy to maintain complete control over its core technology operations while scaling its platform infrastructure.

Key Investment Benefits:

• Enhanced technology infrastructure development
• Strengthened marketplace capabilities
• Continued 100% ownership and control
• Strategic utilization of IPO proceeds

The transaction maintains Meesho's complete ownership structure in MTPL while providing the subsidiary with enhanced financial resources to support its growth trajectory in India's competitive e-commerce market.

Meesho Limited has formally communicated to stock exchanges BSE and NSE regarding the adoption of its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), as mandated under SEBI regulations. The notification, dated December 10, 2025, was signed by Company Secretary and Compliance Officer Rahul Bhardwaj.

Regulatory Compliance Framework

The code has been developed in accordance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. As per regulatory requirements, every listed company must frame such a code to ensure adherence to principles of fairness, transparency, and accountability while managing disclosure of price-sensitive information to the public.

The company emphasizes its commitment to timely, consistent, and fair disclosure of all material information, providing equal access to information for all stakeholders including investors, analysts, and the general public.

Key Objectives and Principles

The code establishes several core objectives designed to maintain market integrity:

The framework operates on fundamental principles including prompt disclosure, uniform and timely information sharing, authorized disclosure protocols, and strict confidentiality maintenance of UPSI until public release.

Designated Officers and Responsibilities

Meesho Limited has appointed specific officers to implement and manage fair disclosure processes:

Chief Financial Officer (CFO): Responsible for overseeing fair and timely disclosure of financial information, earnings, and material financial events while ensuring regulatory compliance.

Compliance Officer: Tasked with implementing the code, overseeing disclosure processes, monitoring SEBI regulation compliance, and ensuring transparent UPSI disclosure to the public.

Chief Executive Officer (CEO): Oversees the overall process and ensures no selective UPSI disclosure occurs within the company, taking action to ensure prompt disclosure in compliance with regulations.

Chief Investor Relations Officer (CIRO): The CFO or other nominated senior official serves as CIRO, responsible for information dissemination, UPSI disclosure, and responding to queries on news reports and market rumor verification requests from regulatory authorities.

Authorized Communication Channels

The code establishes specific authorized spokespersons who can discuss company matters with media and investment community:

• Chairman, Managing Director/CEO
• Whole-time Director/Chief Technology Officer
• Chief Financial Officer
• Company Secretary and Compliance Officer
• Head of Public Policy/Government Affairs
• Head of PR/Communications

Information Disclosure Methods

The company will utilize multiple channels for UPSI disclosure including stock exchange filings, press releases, official website publications, investor relations sections, and publicly accessible webcasts and webinars. This multi-channel approach ensures wide distribution and equal access to material information.

Prevention and Compliance Measures

Meesho Limited has implemented comprehensive measures to prevent UPSI misuse, including maintenance of a Structured Digital Database (SDD) containing recipient details for legitimate purpose sharing. The database includes timestamping and audit trails with preservation requirements of at least eight years after transaction completion.

The code also mandates periodic training sessions for employees and insiders on confidentiality importance and UPSI misuse consequences, ensuring organization-wide awareness and compliance with regulatory requirements.