NSEGeneral Updates2d ago · 7 Nov 2026, 05:32 pm
General Updates
Meesho Limited · MEESHO
✦ AI SummaryM&A
Meesho Limited has completed the acquisition of 92.74% of the share capital of Kirana Club Pte. Ltd. and Retail Pulse Labs Private Limited for an aggregate consideration of ₹1,86,71,12,524.48. Kirana Club has become a subsidiary of Meesho Limited, and Retail Pulse Labs Private Limited has become a step-down subsidiary.
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Full Announcement
Meesho Limited has informed the Exchange under Regulation 30 of SEBI (LODR) Regulations, 2015 - Update on acquisition
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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
November 07, 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: Intimation of completion of the first and second tranche of acquisition of shares of Kirana Club Pte. Ltd. and
capital of its subsidiary Retail Pulse Labs Private Limited (directly and indirectly)
Ref.: Disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI Listing Regulations”)
Further to our intimation dated June 12, 2026, and pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to
inform you that the Meesho Limited ( “Company”) has, on November 7, 2026, completed the first and second tranche of the
acquisition of 92.74% of the share capital of Kirana Club Pte. Ltd. (“Kirana Club”), a company incorporated under the laws
of Singapore and Retail Pulse Labs Private Limited (“RPLPL”), a company incorporated under the laws of India and an
existing subsidiary of Kirana Club (directly and indirectly). The shares were acquired from the identified selling shareholders
for an aggregate consideration of ₹1,86,71,12,524.48 (Rupees One Hundred Eighty-Six Crore Seventy-One Lakh Twelve
Thousand Five Hundred Twenty-Four and Forty-Eight Paise only).
Consequent to the acquisition, Kirana Club has become a subsidiary of the Company, and RPLPL has become a step-down
subsidiary of the Company.
Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure - A.
The aforesaid information will also be made available on the Company’s website at:
https://investor.meesho.com/announcements
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
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
ANNEXURE A
Disclosure under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
S.No Particulars Details
1 Name of the Target Company, Name of the entity: Kirana Club Pte. Ltd. (“Kirana Club”), a company
details in brief such as size, incorporated under the laws of Singapore and Retail Pulse Labs Private
turnover, etc Limited (“RPLPL”), a subsidiary of Kirana Club, incorporated under the laws
of India.
The turnover and net profit/(loss) as on March 31, 2026, are as follows:
Name of the entity Turnover Net Profit /(loss)
Kirana Club SGD 45,808 SGD (837,754)
RPLPL INR 16.04 Crore INR (1.60) Crore
2 whether the acquisition would The acquisition does not constitute a related party transaction.
fall within related party
transaction(s) and whether the Consequent to completion of the first and second tranche of the acquisition,
promoter/ promoter group/ group Kirana Club has become a subsidiary of the Company and RPLPL has become
companies have any interest in a step-down subsidiary. Accordingly, both entities are now related parties of
the entity being acquired? If yes, the Company. Any future transactions between the Company and these entities
nature of interest and details will be undertaken in compliance with the applicable provisions of the
thereof and whether the same is Companies Act, 2013 and the SEBI Listing Regulations relating to related
done at “arm’s length”; party transactions.
Mr. Vidit Aatrey and Mr. Sanjeev Kumar, Promoters of the Company, are
directors on the Boards of Kirana Club and RPLPL. Save and except for the
above, none of the promoter, promoter group or group companies of the
Company has any interest in the entities acquired.
3 Industry to which the entity being Tech platform / B2B community network for kirana retailers
acquired belongs
4 Objects and effects of acquisition The acquisition is in line with the Company’s strategic objectives and is
(including but not limited to, expected to strengthen its presence and capabilities in the e-commerce
disclosure of reasons for ecosystem.
acquisition of target entity, if its
business is outside the main line
of business of the listed entity)
5 Brief details of any governmental No
or regulatory approvals required
for the acquisition
6 Indicative time period for The first and second tranche of the acquisition of Kirana Club and the
completion of the acquisition acquisition of RPLPL is completed on November 7, 2026.
7 Consideration - whether cash Cash consideration
consideration or share swap or
any other form and details of the
same
8 Cost of acquisition or the price at The aggregate consideration was INR 1,86,71,12,524.48 (Rupees One
which the shares are acquired; Hundred Eighty-Six Crore Seventy-One Lakh Twelve Thousand Five
Hundred Twenty-Four and Forty-Eight Paise only).
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
9 Percentage of shareholding/ The Company has completed the acquisition of 92.74% of the share capital of
control acquired and/or number Kirana Club and RPLPL (directly and indirectly).
of shares acquired
10 Brief background about the entity Brief Background:
acquired in terms of products/line
of business acquired, date of Particulars Kirana Club RPLPL
incorporation, history of last 3 Date of Incorporation October 4, 2023 October 7, 2021
years turnover, country in which Country of Presence Singapore India
the acquired entity has presence Line of Business Engaged in the Operates a B2B e-
and any other significant business of commerce marketplace
information (in brief) developing platform connecting
proprietary software kirana / small retailers
applications and with FMCG brands and
operating a digital distributors, primarily
platform designed for across Tier 2–4 and
grocery retailers. rural India. Revenue
generated through
commissions and
advertising services.
Turnover of last 3 financial year:
Year Kirana Club RPLPL
(Amt in SGD) (Amt in INR Crore)
2025-26 45,808 16.04
2024-25 38,177 4.92
2023-24 Nil 2.69
Any other significant information: Nil