Meesho Share Price in Focus; Incorporates a New Wholly Owned Unit Focused on Logistics Services

Meesho Limited announced its board of directors met on January 12, 2026, to review corporate and compliance-related matters. As per the filing, the meeting covered proposals linked to business structure, statutory audits, and shareholder approvals.  

Approval for Logistics Subsidiary 

The board approved the incorporation of a new wholly owned subsidiary that will focus on logistics services. The proposed entity will undertake commercial logistics activities related to the movement of goods. These activities include loading, unloading, handling, in-transit storage and trans-shipment. 

The logistics services will be carried out through third-party service providers. According to the company, the subsidiary is being set up as a separate legal entity and has not yet started operations. 

Capital and Ownership Structure 

The subsidiary will be incorporated with an initial paid-up share capital of ₹1 lakh. Meesho Limited will hold 100% ownership in the entity.  

The investment will be made through cash consideration. As of now, the subsidiary has not commenced business and does not have any operational revenue. 

Incorporation Status 

The company is currently in the process of applying for the subsidiary’s name with the Ministry of Corporate Affairs. Meesho said it will make a separate disclosure once the name is approved and the incorporation process is completed. Until the formal registration is done, the entity will remain inactive. 

Appointment of Secretarial Auditor 

The board also approved the appointment of M/s BMP & Co. LLP as secretarial auditors, based on a recommendation from the Audit Committee.  

The appointment is subject to shareholder approval. BMP & Co. LLP is a firm of practising company secretaries with offices in Bengaluru, Mumbai and the Delhi NCR region. 

Shareholder Approval Process 

In addition, the board approved the issuance of a postal ballot notice to seek shareholder consent on matters that require approval beyond the board level. The company said details related to the resolutions and voting timelines will be communicated separately. 

Read More: Meesho Share Price Hit Lower Circuit Again After Senior Management Exit! 

Meesho Share Price Performance  

As of January 13, 2026, 10:49 am, Meesho share price was trading at ₹165.61, a 0.77% decrease from the previous closing price. 

Conclusion 

The approvals relate to internal structuring and compliance requirements. Further updates are expected as the incorporation process and shareholder approvals move forward. 

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