Monitoring Agency Report

MEESHO LIMITED (Formerly known as “Meesho Private Limited” and “Fashnear Technologies Private Limited”) CIN: L74900KA2015PLC082263 Registered Office: 3rd Floor, Wing-E, Helios Business Park, Kadubeesanahalli Village, Varthur Hobli, Outer Ring Road, Bengaluru, Karnataka 560103 T: +91 9108021923 | E: cs@meesho.com | W: www.meesho.com July 23, 2026 To, To, Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Mumbai - 400 001 Symbol: MEESHO Scrip Code: 544632 Dear Sir / Madam, Subject: Monitoring Agency Report issued by CRISIL Ratings Limited on the utilisation and application of funds raised through the Initial Public Offer (IPO) of Meesho Limited (the “Company”) for the quarter ended June 30, 2026 Ref.: Disclosure under Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI Listing Regulations”) and Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (“SEBI ICDR Regulations”) Pursuant to Regulation 32(6) of the SEBI Listing Regulations read with Regulation 41(4) of the SEBI ICDR Regulations, we have enclosed herewith the Monitoring Agency Report issued by the CRISIL Ratings Limited, Monitoring Agency, in respect of the utilisation and application of funds raised through the IPO, for the quarter ended June 30, 2026. This information will also be made available on the Company’s website at: www.meesho.com You are requested to take the above information on record. Thanking you, For Meesho Limited (Formerly known as Meesho Private Limited and Fashnear Technologies Private Limited) Rahul Bhardwaj Company Secretary and Compliance Officer Membership No.: A41649 Encl.: As above Monitoring Agency Report Meesho Limited for the quarter ended June 30, 2026 CRL/MAR/FATLPL/2026-27/1858 July 23, 2026 Meesho Limited 3rd Floor, Wing - E Helios Business Park, Kadubeesanahalli Village, Varthur Hobli, Outer Ring Road, Bengaluru, 560 103, Karnataka, India Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”) of Meesho Limited (“the Company”) Pursuant to Regulation 41 (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated November 21, 2025, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of IPO for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Report of the Monitoring Agency (MA) Name of the issuer: Meesho Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: Meesho Limited Names of the promoter: Mr. Vidit Aatrey, Mr. Sanjeev Kumar Industry/sector to which it belongs: E-Retail / E-Commerce 2) Issue Details Issue Period: December 03, 2025, to December 05, 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 42,500.00 million* (fresh issue size) *Note: Particulars Amount (Rs. million) Gross proceeds 42,500.00# Less: Issue Expenses 1,478.63 Net Proceeds 41,021.37$ #Crisil Ratings shall be monitoring the gross proceeds. $During the quarter ended June 30, 2026, net proceeds have been revised from Rs 41,004.90 million to Rs 41,021.37 million, on account of actual issue expenses being lower than estimated as disclosed in the Offer document, by Rs 16.47 million and the same has been added in GCP. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments considered by Comments of the of the Particulars Reply Monitoring Agency Monitoring Agency Board of for preparation of Directors report Statutory auditor certificate^, Proceeds were utilized Management towards cloud infrastructure The same is Whether all utilization is as per undertaking, expenses, salary payments, in line with the disclosures in the Offer Yes Prospectus dated marketing and brand offer Document? December 05, 2025 initiatives, general corporate document (hereinafter referred to purposes and issue expenses. as “Offer document”), Bank Statements Whether shareholder approval has been obtained in case of No material deviations from NA No comments deviation. expenditures disclosed in the Hence, NA Offer Document? Whether the means of finance for the disclosed objects of the issue No No comments No has changed? Is there any major deviation observed over the earlier No No comments No monitoring agency reports? Whether all Government/ statutory approvals related to the NA Statutory auditor No comments NA object(s) have been obtained? certificate^, Whether all arrangements Management pertaining to technical undertaking NA No comments NA assistance/collaboration are in operation? Are there any favorable events improving the viability of these No No comments comments object(s)? Are there any unfavorable events affecting the viability of the No No comments comments object(s)? Is there any other relevant information that may materially No No No comments affect the decision making of the comments investors? NA represents Not Applicable ^Certificate dated July 20, 2026, issued by M/s S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Registration Number: 101049W/E300004), Statutory Auditors o [Showing first 8,000 characters — download PDF for full document]