Meesho Receives ₹1,499.73 Crore Income Tax Demand Order, Plans to Appeal

Bengaluru-based e-commerce marketplace Meesho Limited (Formerly known as Meesho Private Limited and Fashnear Technologies Private Limited)has disclosed that it received an Assessment Order under Section 143(3) of the Income-tax Act, 1961. The order raises a tax demand of ₹1,499.73 crore, including interest. The company intended to challenge the order through an appeal.

The order, issued by the Assessment Unit of the Income Tax Department on March 5, 2026, raises a demand of ₹1,499.73 crore (including interest) following additions and adjustments to the company’s declared income. The company received the order and notice on March 6, 2026.

In its report, Meesho stated that it is currently evaluating the order and does not concur with the observations made by the tax authorities. The company said that it has adequate legal and factual grounds to contest the demand and will file an appeal before the relevant authority. Meesho assured stakeholders that it is taking all necessary steps to protect its interests.

The disclosure also noted that a similar demand order for AY 2022-23 had earlier been challenged before the Karnataka High Court, which granted an interim stay on April 17, 2025. That matter remains pending.

In the disclosure It is quoted as: “Please note that a similar demand order was issued for the previous Assessment Year as well (i.e., 2022-23), which was duly disclosed in detail in the prospectus filed by the Company dated December 5, 2025 (please refer pages 558 and 559 of the prospectus in this regard). As indicated therein, the High Court of Karnataka, by an order dated April 17, 2025, granted an interim stay on such demand notice and the matter is currently pending.”

Meesho clarified that the latest order and demand notice does not have any major adverse impact on its financial position, operations, or other activities.

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