Meesho Share Price Takes a Hit Following Tax Demand
Meesho Share Price Takes a Hit Following Tax Demand
On March 9, 2026, the Meesho share price fell approximately 10%, closing at ₹132.84 per share after a significant tax demand was issued by the Income Tax Department. This sharp decline in share price has raised concerns among investors and analysts regarding the company’s financial stability and future performance.
The tax demand amounts to a staggering ₹1,499.73 crore for the assessment year 2023–24, issued under Section 143(3) and Section 156 of the Income Tax Act. This development comes on the heels of a previous tax notice related to the fiscal year 2022, which resulted in a tax claim of ₹572 crore. Such substantial tax liabilities can severely impact a company’s cash flow and investor confidence.
Meesho’s stock opened at ₹147.60 per share, reaching an intraday high of ₹150.95 and a low of ₹143.20. The company, which made its stock market debut on December 10, 2025, at a listing price of around ₹162.5, had initially delivered about 46% in listing gains, making this recent downturn particularly concerning for stakeholders.
In response to the tax demand, Meesho has expressed its intention to contest the claim legally, stating that it believes it has adequate legal and factual grounds to challenge the demand. A company spokesperson noted, “Meesho disagrees and plans to contest legally,” indicating a proactive approach to mitigate the potential financial repercussions.
Meesho is recognized as one of India’s fast-growing online commerce platforms, connecting suppliers, resellers, and customers through its digital marketplace. The company’s rapid growth trajectory has attracted significant attention, but this recent tax issue could pose a challenge to its expansion plans and investor relations.
As the situation develops, investors will be closely monitoring Meesho’s legal proceedings and any further announcements regarding the tax demand. The outcome of this dispute could have lasting implications for the company’s financial health and market position.
Details remain unconfirmed regarding the potential impact of this tax demand on Meesho’s future operations and profitability. Stakeholders are advised to stay informed as more information becomes available.
