Meesho Limited shares have declined 9.7% over the last two trading sessions, dropping to ₹164.55 on Thursday, as heavy selling pressure emerged following the expiry of a shareholder lock-in period and management restructuring announcements. The stock has faced significant volatility since the one-month anchor lock-in period ended, making additional shares available for trading in the open market.

Lock-In Period Impact and Trading Volume

Following the lock-in expiry, approximately 110 million shares, representing about 2% of Meesho Limited's outstanding equity, became eligible for trading. The increase in free float has revived near-term supply concerns, weighing on the stock performance despite brokerages maintaining a constructive view on the company's longer-term prospects.

While lock-in expiries don't invariably trigger instant selling, they often spark concerns about near-term supply pressure as highlighted by market analysts.

Management Role Changes

Meesho Limited announced significant management restructuring that has added to investor caution. In a regulatory filing, the company informed exchanges that Megha Agarwal, General Manager – Business and Senior Management Personnel, tendered her resignation on January 7. Simultaneously, Milan Partani, General Manager – User Growth and Content Commerce, will assume the additional role of General Manager – Commerce Platform while continuing as Senior Management Personnel.

Brokerage Recommendations and Target Prices

Despite near-term pressure, brokerage commentary on Meesho remains largely constructive. Global brokerage UBS has initiated coverage with a 'Buy' rating and target price of ₹220, citing the company's asset-light business model, negative working capital cycle, and consistent cash flow generation. UBS expects Meesho's net merchandise value to grow at a 30% compound annual rate, driven by annual transacting users rising from 199 million to 518 million.

Choice Institutional Equities has also struck an optimistic tone, stating that Meesho is well-positioned to monetise the shift toward value-focused e-commerce through its zero-commission, low-AOV, discovery-led platform catering to Tier-2 and Tier-3 users.

Stock Performance and IPO Success

Despite recent volatility, Meesho Limited shares maintain substantial gains from their IPO price of ₹111, though they have declined from post-listing highs. The SoftBank-backed e-commerce platform made a strong market debut following its successful IPO worth over ₹5,000 crores.

According to company leadership, Meesho earns revenue by offering services to sellers, with logistics and advertising forming key income streams. The company has maintained free cash flow positive status and intends to continue this trajectory while scaling operations.

Meesho Limited has announced a role change within its senior management team, informing stock exchanges about the transition of a key executive's responsibilities. The company filed the disclosure under regulatory compliance requirements for listed entities.

Senior Management Role Transition

The company disclosed that Mr. Milan Partani will transition from his current position as General Manager - User Growth and Content Commerce to the role of General Manager – Commerce Platform. This change became effective on January 07, 2026, as communicated to both the National Stock Exchange of India Limited and BSE Limited.

Regulatory Compliance

Meesho Limited made this disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement was also made in compliance with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which governs disclosure requirements for senior management changes.

The company emphasized that despite the role change, Mr. Partani will continue to hold the designation of Senior Management Personnel within the organization. The disclosure was signed by Rahul Bhardwaj, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with regulatory protocols.

Company Information

Meesho Limited, formerly known as Meesho Private Limited and Fashnear Technologies Private Limited, operates from its registered office in Bengaluru, Karnataka. The company trades on stock exchanges under the symbol MEESHO on NSE and scrip code 544632 on BSE, maintaining transparency with investors through regular regulatory disclosures.