On March 9, 2026, Meesho’s share price experienced a notable decline of approximately 10%, closing at ₹132.84. This drop is attributed to a significant tax demand issued by the Income Tax Department, amounting to ₹1,499.73 crore for the assessment year 2023–24. The market reaction underscores the potential impact of regulatory challenges on investor confidence in the fast-growing e-commerce platform.

The tax demand was issued under Section 143(3) and Section 156 of the Income Tax Act, which has raised concerns among stakeholders regarding the company’s financial health and compliance with tax regulations. In response, Meesho has announced plans to contest the tax demand legally, indicating its disagreement with the observations and adjustments made in the assessment order.

Meesho’s share price opened at ₹147.60 on the day of the announcement, reaching an intraday high of ₹150.95 before plummeting to an intraday low of ₹143.20. This volatility reflects the immediate market response to the tax news, as investors reassess the company’s valuation in light of the new financial obligations. The company had previously faced a tax notice related to the fiscal year 2022, which resulted in a tax claim of ₹572 crore, further complicating its financial landscape.

The company’s initial public offering (IPO) was priced within a band of ₹105 to ₹111 per share, and it made its stock market debut on December 10, 2025, with a listing price of around ₹162.5, resulting in a listing gain of about 46%. However, the recent tax developments have overshadowed these initial successes, raising questions about Meesho’s future performance in the stock market.

Meesho has publicly stated that it does not agree with the tax demand and believes it has adequate legal and factual grounds to contest the matter. The company is currently evaluating the assessment order and does not concur with the observations and adjustments made. This legal battle could potentially impact its financial stability and operational strategies moving forward.

Tax disputes involving large e-commerce marketplaces like Meesho often arise due to the complexities surrounding the accounting of operational costs. As the company navigates these challenges, it will be crucial for investors to monitor developments closely, as the outcome of the legal proceedings may significantly influence the company’s market position and share price.

Details remain unconfirmed regarding the potential implications of this tax demand on Meesho’s future operations and financial strategies. As the situation evolves, stakeholders will be watching closely for updates that could affect investor sentiment and the overall performance of Meesho in the competitive e-commerce landscape.

The post Meesho Share Price Takes a Hit Following Tax Demand appeared first on bangalinews.

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.

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