Meesho Grants 94.79 Lakh Equity Shares to Employees Under Employee Stock Ownership Plan
Meesho Allocates Equity Shares to Eligible Employees Under Employee Stock Ownership Plan
Meesho, a leading e-commerce firm, has taken a significant step to reward its employees by allotting nearly 94.8 lakh equity shares under the company's employee stock ownership plan. In a regulatory filing, Meesho revealed that the Nomination and Remuneration Committee of the Board of Directors has approved the allotment of 94,79,380 equity shares of face value Re 1 each to eligible employees, upon exercise of vested options under the ESOP 2024 Plan.
The allotment was approved through a circular resolution passed on April 20, 2026. The equity shares allotted to employees will rank pari-passu with existing equity shares of the company in all respects. This move is expected to increase employee engagement and motivation within the organization.
Key Statistics
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Category | Before Allotment | After Allotment |
|---|---|---|
| Issued Equity Shares | Rs 456,40,55,196 | Rs 4,57,35,34,576 |
| Increase in Equity Shares | - | Rs 4,11,95,08,380 |
Following this allotment, the issued, subscribed, and paid-up equity share capital of Meesho has increased from Rs 456,40,55,196 to Rs 4,57,35,34,576. The Bengaluru-headquartered company continues to expand its operations and reward its employees for their hard work and dedication.
Investor Takeaway
Meesho's employee stock ownership plan may positively impact employee morale and retention.
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