Meesho Stock Plummets 5% Amid Senior Executive Exit

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AuthorIshaan Verma|Published at:
Meesho Stock Plummets 5% Amid Senior Executive Exit
Overview

Meesho shares tumbled 5% to hit the lower circuit for a second consecutive session. The sell-off follows the resignation of Megha Agarwal, general manager for business, marking the first senior management departure since the e-commerce firm's public listing. The stock is now down 8% year-to-date, significantly underperforming the Nifty 50.

Management Shakeup Fuels Sell-Off

Shares of Meesho Ltd. hit the 5 per cent lower circuit on Thursday. This decline follows the company's announcement that Megha Agarwal, general manager for business, has resigned, marking the first senior management exit since the e-commerce firm's public listing.
The stock slid as much as 5 per cent intraday to ₹164.4 per share, extending Wednesday's 5 per cent decline. It later pared losses to trade 3.6 per cent lower at ₹166.7 apiece, compared with a 0.30 per cent fall in the Nifty 50 as of 9:31 am.

Market Sentiment Wanes

Meesho share price fell for the third straight session. The counter is currently trading at 1.7 times the average 30-day trading volume, according to Bloomberg. Year-to-date, Meesho has fallen 8 per cent, a stark contrast to the benchmark Nifty 50's 0.27 per cent decline.
The company, backed by Softbank, has a total market capitalisation of ₹74,579.49 crore.

Post-Listing Volatility Continues

In an exchange filing, Meesho confirmed Megha Agarwal's resignation. Agarwal was among six senior executives reporting directly to founder and CEO Vidit Aatrey. She joined the company in 2019, leading growth initiatives and taking charge of category management in 2023.
Milan Partani, formerly head of user growth, will assume expanded responsibilities as general manager for the commerce platform.
The stock's downward pressure was amplified on Wednesday by the expiry of its one-month shareholder lock-in period. Approximately 110 million shares, or 2 per cent of outstanding equity, became eligible for trading.
Meesho made its debut on Dalal Street on December 10, 2025. Shares listed at ₹162, a 46 per cent premium on the NSE, and later touched a high of ₹172.8. The BSE listing also opened at a 45 per cent premium, with the stock rising to ₹172.5.

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