Meesho Limited has announced the resignation of a key senior management personnel, marking a significant leadership change at the e-commerce platform. The company formally disclosed this development to stock exchanges in compliance with regulatory requirements.

Senior Management Departure

Ms. Megha Agarwal, who held the position of General Manager – Business and served as Senior Management Personnel at Meesho Limited, tendered her resignation on January 07, 2026. The resignation was communicated to both the National Stock Exchange of India Limited and BSE Limited through official regulatory filings.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Meesho Limited emphasized its commitment to maintaining transparency with stakeholders through timely regulatory disclosures.

The company indicated that additional details required under Regulation 30, specifically those mentioned in Points 7 and 7C of Paragraph A of Part A of Schedule III of the SEBI Listing Regulations, will be disclosed at the appropriate time as prescribed under SEBI guidelines and industry standards.

Company Information

Meesho Limited, formerly known as Meesho Private Limited and Fashnear Technologies Private Limited, operates from its registered office in Bengaluru, Karnataka. The disclosure was signed by Rahul Bhardwaj, Company Secretary and Compliance Officer, who holds membership number ACS41649.

The resignation represents a change in the company's senior management structure, though no additional details about the circumstances or future plans were provided in the regulatory filing.

Meesho Limited shares hit the lower circuit limit with a 5% decline to ₹173.13 following the expiry of its one-month shareholder lock-in period, which freed up a significant portion of shares for trading and intensified supply pressure concerns.

Lock-in Expiry Creates Supply Overhang

The expiry of the lock-in period has made approximately 109.9 million shares eligible for trading, representing about 2% of Meesho's outstanding equity. This technical supply overhang has created immediate pressure on the stock, resulting in the shares getting locked in the lower circuit.

Market participants should note that while the lock-in expiry makes these shares available for trading, it does not guarantee immediate selling by all shareholders.

Stock Performance Remains Strong Despite Correction

Despite the recent decline and circuit hit, Meesho shares continue to trade at a substantial premium to their initial public offering price. The stock has gained nearly 64% from its issue price of ₹111, though it has corrected about 28% from its post-listing peak of ₹254.

Brokerage Outlook Remains Positive

Despite the supply concerns, global brokerage UBS has initiated coverage on Meesho with a 'Buy' rating and a target price of ₹220. The brokerage cited the company's asset-light model, negative working capital cycle, and consistent cash flow generation as key strengths.

UBS expects Net Merchandise Value to grow at a 30% compound annual rate, driven by expansion in annual transacting users from 199 million to 518 million and higher ordering frequency.

Strong IPO Performance and Market Debut

The SoftBank-backed e-commerce platform made its stock exchange debut, listing at ₹162, a 46% premium to the IPO price, and closing 53% higher on the first trading day. The company's three-day public issue was sized at over ₹5,000 crore and witnessed exceptional investor demand.

Choice Institutional Equities noted that Meesho is "best placed to monetise this shift via its zero-commission, low-AOV, discovery-led platform serving Tier-2/3 users," setting a target price of ₹200, implying 80% upside from the IPO price.