Meesho has allotted close to 94.8 lakh equity shares to eligible employees following the exercise of vested stock options under its Employee Stock Ownership Plan (ESOP) 2024, according to a regulatory filing.
The allotment was approved by the company’s Nomination and Remuneration Committee through a circular resolution dated 20 April 2026, marking one of the largest employee share issuances by the e-commerce firm in recent months.
"We wish to inform you that the Nomination and Remuneration Committee of the Board of Directors of Meesho Ltd, by way of a circular resolution passed on April 20, 2026, has approved the allotment of 94,79,380 equity shares of face value of ₹1 each to the eligible employees, upon exercise of vested options under the company's Employee Stock Ownership Plan (ESOP) 2024 Plan. The said equity shares shall rank pari-passu with existing equity shares of the company in all respects," Meesho said in a regulatory filing.
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As a result of the allotment, the Bengaluru-based company’s issued, subscribed, and paid-up equity share capital has increased from ₹4,56,40,55,196 to ₹4,57,35,34,576, reflecting the dilution arising from the ESOP exercise.
The development highlights the company’s continued use of equity incentives to retain and reward employees as it scales operations in India’s competitive e-commerce market.
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