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Meesho Limited — Capital/Financing Update 2026
Jan 30, 2026
60147_rns_2026-01-30_8171340d-4842-4f64-915b-b615acc5667a.pdf
Capital/Financing Update
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MEESHO LIMITED
January 30, 2026
To, Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol: MEESHO
To, Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 544632
Dear Sir / Madam,
Subject: Monitoring Agency Report issued by CRISIL Ratings Limited for the utilisation and application of funds raised through the Initial Public Offer (IPO) of the Meesho Limited (the “Company”) for the quarter ended December 31, 2025
Ref.: Disclosure under Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI Listing Regulations”) and Regulation 41 (4) of 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 CRISIL Ratings Limited, Monitoring Agency, for the quarter ended December 31, 2025, in respect of the utilisation and application of funds raised through the IPO.
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 Digitally signed by RAHUL BHARDWAJ BHARDWAJ Date: 2026.01.30 22:02:19 +05'30'
Rahul Bhardwaj Company Secretary and Compliance Officer Membership No.: A41649 Encl.: As above
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Monitoring Agency Report
for
Meesho Limited for the quarter ended December 31, 2025
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CRL/MAR/FATLPL/2025-26/1618
January 30, 2026
To
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 December 31, 2025 - in relation Initial Public Offer (“IPO”) of Meesho Limited (“the Company”)
Pursuant to Regulation 41 (2) of SEBI (lssue 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 December 31, 2025.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
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Shounak Chakravarty Director, Ratings (LCG)
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Report of the Monitoring Agency (MA)
Name of the issuer: Meesho Limited
For quarter ended: December 31, 2025
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.
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Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
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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 | 1,621.70 |
| Net Proceeds | 40,878.30 |
#Crisil Ratings shall be monitoring the gross proceeds.
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3) Details of the arrangement made to ensure the monitoring of issue proceeds:
| Particulars | Reply | Source of information/ certifications considered by Monitoring Agency for preparation of report |
Comments of the Monitoring Agency |
Comments of the Board of Directors |
|---|---|---|---|---|
| Whether all utilization is as per the disclosures in the Offer Document? |
Yes | Management undertaking, Statutory auditor certificate^, Prospectus dated December 05, 2025, Bank Statements |
Proceeds were utilized towards issue expenses during the quarter ended December 31, 2025 |
The same is in line with offer document |
| Whether shareholder approval has been obtained in case of material deviations from expenditures disclosed in the Offer Document? |
NA | Management Undertaking |
No comments | No comments |
| Whether the means of finance for the disclosed objects of the issue has changed? |
No | No comments | No comments |
|
| Is there any major deviation observed over the earlier monitoring agency reports? |
NA | No comments | This is the first MA report. Hence,NA |
|
| Whether all Government/ statutory approvals related to the object(s) have been obtained? |
NA | No comments | NA | |
| Whether all arrangements pertaining to technical assistance/collaboration are in operation? |
NA | No comments | NA | |
| Are there any favorable events improving the viability of these object(s)? |
No | No comments | No comments |
|
| Are there any unfavorable events affecting the viability of the object(s)? |
No | No comments | No comments |
|
| Is there any other relevant information that may materially affect the decision making of the investors? |
No | No comments | No comments |
NA represents Not Applicable
^Certificate dated January 29, 2026, issued by M/s S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Registration Number: 101049W/E300004), Statutory Auditors of the Company.
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4) Details of object(s) to be monitored:
i. Cost of the object(s):
| Sr. No. |
Item Head |
Source of information/ certification considered by MA for preparation of report |
Original cost (as per the Offer Document) (Rs in million) |
Revised Cost (Rs in million) |
Comment of the Monitoring Agency |
Comments of the Board of Directors | Comments of the Board of Directors | Comments of the Board of Directors |
|---|---|---|---|---|---|---|---|---|
| Reason of Cost revision |
Proposed financing option |
Particulars of firm arrangement s made |
||||||
| 1 | Investment for cloud infrastructure, in Meesho Technologies Private Limited, Subsidiary |
Management undertaking and Prospectus |
13,900.00 | NA | No revision |
No revision | NA | NA |
| 2 | Payment of salaries of existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by Meesho Technologies Private Limited, Subsidiary |
4,800.00 | NA | No revision |
No revision | NA | NA | |
| 3 | Investment in Meesho Technologies Private Limited, Subsidiary, for expenditure towards marketing and brand initiatives |
10,200.00 | NA | No revision |
No revision | NA | NA | |
| 4 | Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes# |
11,978.30 | NA | No revision |
No revision | NA | NA | |
| - | Sub-total | 40,878.30 | - | - | - | - | - | |
| 5 | Issue expenses | 1,621.70 | NA | No revision |
No revision | NA | NA | |
| - | Total | - | 42,500.00 | - | - | - | - | - |
#The amount to be utilized for funding inorganic growth through unidentified acquisitions and general corporate purposes does not exceed 35% collectively of the Gross Proceeds and individually GCP utilization does not exceed 25% of Gross Proceeds.
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ii. Progress in the object(s):
| Sr. No. |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Source of | Amount utilized (Rs in | Comments of the | ||||||||
| information/ | Amount | million) | Board of Directors | |||||||
| certifications | as | |||||||||
| considered by | proposed |
Total | Comments of | |||||||
| Monitoring | in the | unutilized | the |
|||||||
| As at | At the | |||||||||
**Item Head# ** |
Agency for | Offer | amount | Monitoring | ||||||
beginning |
During |
end | Reasons | Proposed | ||||||
| preparation of | Document |
(Rs in | Agency | |||||||
of the |
the | of the | for idle | course of | ||||||
| report | (Rs in | million) | ||||||||
| quarter | quarter | quarter | funds | action | ||||||
| million) | ||||||||||
| 1 | Investment for cloud infrastructure, in Meesho Technologies Private Limited, Subsidiary |
Management undertaking, Statutory auditor certificate^, Prospectus, Bank Statements |
13,900.00 | Nil | Nil | Nil | 13,900.00 | No utilization during the reported quarter |
NA | |
| 2 | Payment of salaries of existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by Meesho Technologies Private Limited, Subsidiary |
4,800.00 |
Nil | Nil | Nil | 4,800.00 | NA | |||
| 3 | Investment in Meesho Technologies Private Limited, Subsidiary, for expenditure towards marketing and brand initiatives |
10,200.00 | Nil |
Nil | Nil | 10,200.00 | NA | |||
| 4 | Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes |
11,978.30 | Nil |
Nil | Nil | 11,978.30 | NA | |||
| - | Sub-total | 40,878.30 | Nil |
Nil | Nil | 40,878.30 | - |
- | - | |
| 5 | Issue expenses | 1,621.70 | Nil | 373.25 | 373.25 | 1,248.45 | No comments |
NA | ||
| - | Total | 42,500.00 | Nil |
373.25 | 373.25 | 42,126.75 | - |
- | - |
^Certificate dated January 29, 2026, issued by M/s S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Registration Number: 101049W/E300004), Statutory Auditors of the Company.
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#Brief description of objects:
| Object of the Issue | Description of objects as per the offer document filed by the issuer |
|---|---|
| Investment for cloud infrastructure, in Meesho Technologies Private Limited, Subsidiary |
Company intends to utilize Rs 13,900 million of the Net Proceeds towards investment in Subsidiary, MTPL, for cloud infrastructure. In this regard, Company intends to deploy Rs 6,100 million in Fiscal 2027, Rs 6,100 million in Fiscal 2028 and Rs 1,700 million in the first quarter of Fiscal 2029 for such purposes. The investment for cloud infrastructure proposed to be undertaken in MTPL from the Net Proceeds will be utilised by MTPL for the cloud infrastructure services availed by it. |
| Payment of salaries of existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by Meesho Technologies Private Limited, Subsidiary |
Company intends to invest Rs 4,800 million of Net Proceeds in the Subsidiary, MTPL towards AI and technology development which primarily comprise salaries (wages and bonus expenditure) in respect of the Machine Learning and AI and technology teams. In this regard, Company intends to deploy Rs 2,400 million in Fiscal 2027 and Rs 2,400 million in Fiscal 2028 for such purposes. |
| Investment in Meesho Technologies Private Limited, Subsidiary, for expenditure towards marketing and brand initiatives |
Company intends to utilize Rs 10,200 million of Net Proceeds to invest in the Subsidiary, MTPL, for marketing and brand building. In this regard, Company intends to deploy Rs 4,800 million in Fiscal 2027, and Rs 5,400 million in Fiscal 2028 for such purposes. |
| Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes |
Company expects to utilize Rs 11,978.30 million of the Net Proceeds towards funding inorganic growth through acquisitions, subject to the amount proposed to be utilised for (a) funding inorganic growth through acquisitions; and (b) general corporate purposes, together not exceeding 35% of the Gross Proceeds in accordance with Regulation 7(3) of the SEBI ICDR Regulations, out of which the amounts to be utilised towards (i) general corporate purposes will not exceed 25% of the Gross Proceeds, or (ii) funding inorganic growth through acquisitions, will not exceed 10% of the Gross Proceeds. |
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iii. Deployment of unutilised proceeds[^] :
| S. No. |
Fixed deposit number/ Bank account number |
Company **name1 ** |
Type of instrument where amount is invested |
Amount invested (Rs in million) |
Maturity date |
Earnings as on December 31, 2025 (Rs in **million)3 ** |
Return on Investment |
Market Value as on December 31, 2025 (Rs in million) |
|---|---|---|---|---|---|---|---|---|
| 1 | 709028141826 | MTPL | RBL Bank - FD | 300.00 | 7/12/2026 | 1.19 | 6.70% | 301.19 |
| 2 | 709028141914 | MTPL | RBL Bank - FD | 300.00 | 6/7/2026 | 1.17 | 6.60% | 301.17 |
| 3 | 709028141880 | MTPL | RBL Bank - FD | 300.00 | 5/8/2026 | 1.17 | 6.60% | 301.17 |
| 4 | 709028141941 | MTPL | RBL Bank - FD | 300.00 | 4/9/2026 | 1.17 | 6.60% | 301.17 |
| 5 | 709028239246 | ML | RBL Bank - FD | 300.00 | 7/12/2026 | 1.19 | 6.70% | 301.19 |
| 6 | 350412874 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 7 | 350412324 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 8 | 5950862234 | MTPL | Kotak Bank - FD |
150.00 | 22/01/2026 | 0.46 | 5.30% | 150.46 |
| 9 | 5950862241 | MTPL | Kotak Bank - FD |
150.00 | 22/01/2026 | 0.46 | 5.30% | 150.46 |
| 10 | 350412287 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 11 | 350412300 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 12 | 350412294 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 13 | 350412355 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 14 | 350412331 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 15 | 350412263 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 16 | 350412270 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 17 | 350412348 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 18 | 350412317 | ML | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 19 | 5950862296 | MTPL | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 20 | 5950862289 | MTPL | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 21 | 5950862302 | MTPL | Kotak Bank - FD |
100.00 | 6/2/2026 | 0.32 | 5.55% | 100.32 |
| 22 | 5950862265 | MTPL | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
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| 23 | 5950862258 | MTPL | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
|---|---|---|---|---|---|---|---|---|
| 24 | 5950862272 | MTPL | Kotak Bank - FD |
150.00 | 6/2/2026 | 0.48 | 5.55% | 150.48 |
| 25 | 5950862371 | MTPL | Kotak Bank - FD |
150.00 | 8/3/2026 | 0.51 | 5.95% | 150.51 |
| 26 | 5950862340 | MTPL | Kotak Bank - FD |
150.00 | 8/3/2026 | 0.51 | 5.95% | 150.51 |
| 27 | 5950862333 | MTPL | Kotak Bank - FD |
150.00 | 8/3/2026 | 0.51 | 5.95% | 150.51 |
| 28 | 5950862388 | MTPL | Kotak Bank - FD |
100.00 | 8/3/2026 | 0.34 | 5.95% | 100.34 |
| 29 | 5950862357 | MTPL | Kotak Bank - FD |
150.00 | 8/3/2026 | 0.51 | 5.95% | 150.51 |
| 30 | 5950862319 | MTPL | Kotak Bank - FD |
150.00 | 8/3/2026 | 0.51 | 5.95% | 150.51 |
| 31 | 5950862326 | MTPL | Kotak Bank - FD |
150.00 | 8/3/2026 | 0.51 | 5.95% | 150.51 |
| 32 | 5950862364 | MTPL | Kotak Bank - FD |
150.00 | 8/3/2026 | 0.51 | 5.95% | 150.51 |
| 33 | 5950862401 | MTPL | Kotak Bank - FD |
150.00 | 7/4/2026 | 0.52 | 6.00% | 150.52 |
| 34 | 5950862418 | MTPL | Kotak Bank - FD |
150.00 | 7/4/2026 | 0.52 | 6.00% | 150.52 |
| 35 | 5950862944 | MTPL | Kotak Bank - FD |
150.00 | 7/4/2026 | 0.52 | 6.00% | 150.52 |
| 36 | 5950862951 | MTPL | Kotak Bank - FD |
150.00 | 7/4/2026 | 0.52 | 6.00% | 150.52 |
| 37 | 5950862937 | MTPL | Kotak Bank - FD |
150.00 | 7/4/2026 | 0.52 | 6.00% | 150.52 |
| 38 | 5950862968 | MTPL | Kotak Bank - FD |
100.00 | 7/4/2026 | 0.35 | 6.00% | 100.35 |
| 39 | 5950862395 | MTPL | Kotak Bank - FD |
150.00 | 7/4/2026 | 0.52 | 6.00% | 150.52 |
| 40 | 5950862432 | MTPL | Kotak Bank - FD |
150.00 | 7/4/2026 | 0.52 | 6.00% | 150.52 |
| 41 | 5950862500 | MTPL | Kotak Bank - FD |
100.00 | 5/6/2026 | 0.35 | 6.00% | 100.35 |
| 42 | 5950862609 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 43 | 5950862579 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 44 | 5950862630 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 45 | 5950862586 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 46 | 5950862982 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 47 | 5950862647 | MTPL | Kotak Bank - FD |
100.00 | 5/6/2026 | 0.35 | 6.00% | 100.35 |
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| 48 | 5950862593 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
|---|---|---|---|---|---|---|---|---|
| 49 | 5950862425 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 50 | 5950862470 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 51 | 5950862616 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 52 | 5950862494 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 53 | 5950862562 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 54 | 5950862456 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 55 | 5950862463 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 56 | 5950862487 | MTPL | Kotak Bank - FD |
150.00 | 5/6/2026 | 0.52 | 6.00% | 150.52 |
| 57 | 350412379 | ML | Kotak Bank - FD |
250.00 | 7/12/2026 | 0.94 | 6.40% | 250.94 |
| 58 | 350412386 | ML | Kotak Bank - FD |
200.00 | 7/12/2026 | 0.75 | 6.40% | 200.75 |
| 59 | 350412362 | ML | Kotak Bank - FD |
250.00 | 7/12/2026 | 0.94 | 6.40% | 250.94 |
| 60 | 5950863088 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 61 | 5950863163 | MTPL | Kotak Bank - FD |
100.00 | 7/12/2026 | 0.38 | 6.40% | 100.38 |
| 62 | 5950862692 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 63 | 5950862685 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 64 | 5950863224 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 65 | 5950863125 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 66 | 5950863071 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 67 | 5950862654 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 68 | 5950863064 | MTPL | Kotak Bank - FD |
100.00 | 7/12/2026 | 0.38 | 6.40% | 100.38 |
| 69 | 5950863194 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 70 | 5950863095 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 71 | 5950863132 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 72 | 5950862661 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
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| 73 | 5950862678 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
|---|---|---|---|---|---|---|---|---|
| 74 | 5950863170 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 75 | 5950863231 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 76 | 5950863149 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 77 | 5950863200 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 78 | 5950863248 | MTPL | Kotak Bank - FD |
100.00 | 7/12/2026 | 0.38 | 6.40% | 100.38 |
| 79 | 5950863187 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 80 | 5950863101 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 81 | 5950863217 | MTPL | Kotak Bank - FD |
150.00 | 7/12/2026 | 0.57 | 6.40% | 150.57 |
| 82 | 5950863354 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 83 | 5950863286 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 84 | 5950863255 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 85 | 5950863521 | MTPL | Kotak Bank - FD |
149.90 | 26/02/2027 | 0.58 | 6.60% | 150.48 |
| 86 | 5950863347 | MTPL | Kotak Bank - FD |
100.00 | 26/02/2027 | 0.39 | 6.60% | 100.39 |
| 87 | 5950863262 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 88 | 5950863378 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 89 | 5950863491 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 90 | 5950863316 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 91 | 5950863453 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 92 | 5950863514 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 93 | 5950863309 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 94 | 5950863385 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 95 | 5950863279 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 96 | 5950863538 | MTPL | Kotak Bank - FD |
100.00 | 26/02/2027 | 0.39 | 6.60% | 100.39 |
| 97 | 5950863446 | MTPL | Kotak Bank - FD |
100.00 | 26/02/2027 | 0.39 | 6.60% | 100.39 |
==> picture [526 x 45] intentionally omitted <==
12
==> picture [78 x 48] intentionally omitted <==
| 98 | 5950863460 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
|---|---|---|---|---|---|---|---|---|
| 99 | 5950863477 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 100 | 5950863392 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 101 | 5950863415 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 102 | 5950863484 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 103 | 5950863439 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 104 | 5950863330 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 105 | 5950863408 | MTPL | Kotak Bank - FD |
150.00 | 26/02/2027 | 0.58 | 6.60% | 150.58 |
| 106 | 350412881 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 107 | 350412454 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 108 | 350412904 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 109 | 350412898 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 110 | 350412805 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 111 | 350412409 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 112 | 350412393 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 113 | 350412959 | ML | Kotak Bank - FD |
200.00 | 28/02/2027 | 0.78 | 6.60% | 200.78 |
| 114 | 350412812 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 115 | 350412836 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 116 | 350412867 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 117 | 350412850 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 118 | 350412447 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 119 | 350412461 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 120 | 350412799 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 121 | 350412935 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 122 | 350412942 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
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13
==> picture [78 x 48] intentionally omitted <==
| 123 | 350412829 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
|---|---|---|---|---|---|---|---|---|
| 124 | 350412430 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 125 | 350412782 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 126 | 350412843 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 127 | 350412423 | ML | Kotak Bank - FD |
150.00 | 28/02/2027 | 0.58 | 6.60% | 150.58 |
| 128 | 925040114883151 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 129 | 925040114901592 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 130 | 925040114902249 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 131 | 925040114903064 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 132 | 925040114903417 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 133 | 925040114903909 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 134 | 925040114905187 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 135 | 925040114906461 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 136 | 925040114906856 | ML | Axis Bank FD | 150.00 | 10/12/2026 | 0.58 | 6.60% | 150.58 |
| 137 | 925040114907516 | ML | Axis Bank FD | 110.00 | 10/12/2026 | 0.43 | 6.60% | 110.43 |
| 138 | 925040114911201 | ML | Axis Bank FD | 250.00 | 31/03/2028 | 0.97 | 6.60% | 250.97 |
| 139 | 925040114911586 | ML | Axis Bank FD | 250.00 | 31/03/2028 | 0.97 | 6.60% | 250.97 |
| 140 | 925040114911858 | ML | Axis Bank FD | 250.00 | 31/03/2028 | 0.97 | 6.60% | 250.97 |
| 141 | 925040114912754 | ML | Axis Bank FD | 250.00 | 31/03/2028 | 0.97 | 6.60% | 250.97 |
| 142 | 925040114913414 | ML | Axis Bank FD | 250.00 | 31/03/2028 | 0.97 | 6.60% | 250.97 |
| 143 | 925040114913919 | ML | Axis Bank FD | 250.00 | 31/03/2028 | 0.97 | 6.60% | 250.97 |
| 144 | 925040114914420 | ML | Axis Bank FD | 350.00 | 31/03/2028 | 1.36 | 6.60% | 351.36 |
| 145 | 925040114914954 | ML | Axis Bank FD | 350.00 | 31/03/2028 | 1.36 | 6.60% | 351.36 |
| 146 | 925040114927879 | ML | Axis Bank FD | 318.00 | 22/12/2026 | 1.12 | 6.60% | 319.12 |
| 147 | 925040114929198 | ML | Axis Bank FD | 250.00 | 22/12/2026 | 0.88 | 6.60% | 250.88 |
| 148 | 925040114929613 | ML | Axis Bank FD | 250.00 | 22/12/2026 | 0.88 | 6.60% | 250.88 |
| 149 | 925040114929901 | ML | Axis Bank FD | 250.00 | 22/12/2026 | 0.88 | 6.60% | 250.88 |
| 150 | 925040114930914 | ML | Axis Bank FD | 250.00 | 22/12/2026 | 0.88 | 6.60% | 250.88 |
| 151 | 925040114931425 | ML | Axis Bank FD | 250.00 | 22/12/2026 | 0.88 | 6.60% | 250.88 |
| 152 | 925040114932253 | ML | Axis Bank FD | 250.00 | 22/12/2026 | 0.88 | 6.60% | 250.88 |
| 153 | 925040114933421 | ML | Axis Bank FD | 250.00 | 22/12/2026 | 0.88 | 6.60% | 250.88 |
| 154 | 925040114912204 | ML | Axis Bank FD | 250.00 | 31/03/2028 | 0.97 | 6.60% | 250.97 |
| 155 | 925040114952998 | MTPL | Axis Bank FD | 100.00 | 5/9/2026 | 0.35 | 6.25% | 100.35 |
| 156 | 925040114953742 | MTPL | Axis Bank FD | 100.00 | 5/9/2026 | 0.35 | 6.25% | 100.35 |
| 157 | 925040114954020 | MTPL | Axis Bank FD | 100.00 | 5/9/2026 | 0.35 | 6.25% | 100.35 |
| 158 | 925040114955984 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 159 | 925040114956233 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 160 | 925040114957016 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 161 | 925040114957980 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
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14
==> picture [78 x 48] intentionally omitted <==
| 162 | 925040114958349 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
|---|---|---|---|---|---|---|---|---|
| 163 | 925040114958747 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 164 | 925040114958899 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 165 | 925040114959151 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 166 | 925040114959326 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 167 | 925040114959517 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 168 | 925040114959782 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 169 | 925040114959960 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 170 | 925040114960096 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 171 | 925040114961248 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 172 | 925040114961400 | MTPL | Axis Bank FD | 150.00 | 5/9/2026 | 0.53 | 6.25% | 150.53 |
| 173 | 925040114946524 | MTPL | Axis Bank FD | 150.00 | 3/6/2027 | 0.56 | 6.60% | 150.56 |
| 174 | 925040114946744 | MTPL | Axis Bank FD | 150.00 | 3/6/2027 | 0.56 | 6.60% | 150.56 |
| 175 | 925040114945178 | MTPL | Axis Bank FD | 300.00 | 10/12/2027 | 1.11 | 6.60% | 301.11 |
| 176 | 925040114963532 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 177 | 925040114967343 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 178 | 925040114967505 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 179 | 925040114968605 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 180 | 925040114963752 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 181 | 925040114970925 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 182 | 925040114974383 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 183 | 925040114968799 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 184 | 925040114963914 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 185 | 925040114971559 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 186 | 925040114974532 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 187 | 925040114968922 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 188 | 925040114964108 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 189 | 925040114971847 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 190 | 925040114975438 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 191 | 925040114969404 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 192 | 925040114964360 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 193 | 925040114972002 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 194 | 925040114975849 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 195 | 925040114969556 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 196 | 925040114964564 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 197 | 925040114972950 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 198 | 925040114976169 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 199 | 925040114969682 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 200 | 925040114964878 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 201 | 925040114973063 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 202 | 925040114976318 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 203 | 925040114969909 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
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15
==> picture [78 x 48] intentionally omitted <==
| 204 | 925040114965046 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
|---|---|---|---|---|---|---|---|---|
| 205 | 925040114973694 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 206 | 925040114976428 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 207 | 925040114970022 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 208 | 925040114965198 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 209 | 925040114973843 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 210 | 925040114976570 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 211 | 925040114970255 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 212 | 925040114965457 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 213 | 925040114974082 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 214 | 925040114965622 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 215 | 925040114974312 | MTPL | Axis Bank FD | 300.00 | 31/03/2028 | 1.11 | 6.60% | 301.11 |
| 216 | 925040114966476 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 217 | 925040114966654 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 218 | 925040114966829 | MTPL | Axis Bank FD | 250.00 | 31/03/2028 | 0.93 | 6.60% | 250.93 |
| 219 | 344205000590 | ML | Monitoring agency account |
0.30 | - | - | - | 0.30 |
| 220 | 4051843524 | ML | Public offer account |
1,248.45 | - | - | - | 1,248.45 |
| 221 | 344205000591 | MTPL | Current account |
0.10 | - | - | - | 0.10 |
| - | Total | **42,126.752 ** | - | 150.58 | - | 42,277.33 |
Note:
1. ML: Meesho Limited, MTPL: Meesho Technologies Private Limited
2. Rs 29,970/- is pending receipt from the banks as on December 31, 2025, pertaining to proceeds from two applications.
3. Monitoring the deployment of Interest Income earned from unutilised proceeds does not form part of the scope of Monitoring Agency report.
^On the basis of management undertaking and certificate dated January 29, 2026, issued by M/s S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Registration Number: 101049W/E300004), Statutory Auditors of the Company.
iv. Delay in implementation of the object(s):
| Comments of the Board of | Comments of the Board of | ||||
|---|---|---|---|---|---|
| Completion Date | |||||
| Directors | |||||
| Delay | |||||
| As per the |
Proposed |
||||
| Object(s) | (no. of days/ |
||||
| Offer | Actual |
months) |
Reason of delay | course of |
|
| Document | action | ||||
| Not applicable^ |
^On the basis of management undertaking
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16
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5) Details of utilization of proceeds stated as General Corporate Purpose amount in the offer document^:
No utilization during the quarter ended December 31, 2025
^On the basis of management undertaking
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