Meesho Share Price Falls Following Tax Demand
Meesho Share Price Falls Following Tax Demand
On March 9, 2026, the share price of Meesho fell approximately 10%, a significant drop attributed to a recent tax demand issued by the Income Tax Department. The company’s stock opened at ₹147.60 per share, reaching an intraday high of ₹150.95 before plummeting to an intraday low of ₹143.20.
The decline in Meesho’s share price is directly linked to the tax demand amounting to ₹1,499.73 crore for the assessment year 2023–24. This demand was issued under Section 143(3) and Section 156 of the Income Tax Act, which has raised concerns among investors regarding the company’s financial stability and future operations.
Meesho, known for being one of India’s rapidly growing online commerce platforms, has stated that it does not agree with the observations and adjustments made in the assessment order. The company believes it has adequate legal and factual grounds to contest the matter, indicating its intention to challenge the tax demand legally.
This is not the first time Meesho has faced scrutiny from tax authorities. The company had previously received a tax notice related to the fiscal year 2022, which resulted in a tax claim of ₹572 crore. The ongoing issues with tax compliance may lead to further complications for the company as it seeks to maintain investor confidence.
Investors are now left to ponder the implications of this tax demand on Meesho’s operations and overall business strategy. The uncertainty surrounding the adjustments made by tax authorities in the current tax demand adds to the anxiety among stakeholders. Details remain unconfirmed.
As Meesho plans to contest the tax demand, the outcome of this legal battle could significantly impact its financial health and market perception. The company’s ability to navigate this situation will be crucial in determining its future share price performance.
In summary, the recent tax demand has cast a shadow over Meesho’s financial outlook, leading to a notable decline in its share price. The company’s response and the resolution of this issue will be closely monitored by investors and market analysts alike.
