E-commerce market Meesho has obtained a tax demand of Rs 1,499.7 crore from the Earnings Tax Division for the Evaluation 12 months 2023–24, in accordance with a regulatory disclosure by the corporate.

The Bengaluru-based firm mentioned it obtained an Evaluation Order underneath Part 143(3) of the Earnings-tax Act, 1961, together with a Demand Discover underneath Part 156 issued by the Evaluation Unit of the Earnings Tax Division. The order and spot are dated March 05, 2026 and have been obtained by the corporate on March 06, 2026.

Based mostly on the evaluation order, the tax authority has raised a complete demand of Rs 14,99,73,82,840 (roughly Rs 1,499.7 crore), together with relevant curiosity. The demand follows sure additions and changes made by the tax division to the revenue reported by the corporate for the evaluation 12 months.

Meesho mentioned it doesn’t concur with the observations and changes made within the evaluation order and is at present evaluating the matter. The corporate added that it believes it has sufficient authorized and factual grounds to contest the demand and is taking needed steps to guard its pursuits.

The corporate additionally famous that the tax division had issued an analogous demand for the earlier evaluation 12 months (2022–23). That matter was disclosed within the firm’s prospectus dated December 5, 2025, the place it mentioned the Karnataka Excessive Courtroom granted an interim keep on the demand discover by means of an order dated April 17, 2025, and the case stays pending.

In response to Meesho, the newest evaluation order and demand discover are usually not anticipated to have any main antagonistic affect on its monetary place, operations, or different actions.

Individually, the corporate reported working income of Rs 3,517.5 crore in Q3 FY26, marking a 31% year-on-year enhance, whereas its loss widened over 13 occasions to Rs 490 crore throughout the identical interval.