InGovern seeks SEBI review of Meesho’s GST disclosures around Valmo logistics
Governance advisory InGovern has asked SEBI to examine Meesho’s GST classification and investor disclosures related to logistics arm Valmo. Meesho has rejected the allegations. Any regulatory challenge could affect shipping subsidies, discount economics, margins and potential contingent tax liabilities.
InGovern asked SEBI to examine Meesho’s GST classification and investor disclosures for logistics arm Valmo. Meesho rejected the allegations. The issue could affect shipping subsidies, discounts, margins and contingent tax liabilities if authorities challenge the position.