Proxy adviser seeks Sebi review of Meesho’s Valmo GST disclosures
InGovern has asked Sebi to examine Meesho’s disclosure of GST risks around logistics arm Valmo’s classification. An adverse ruling could create retrospective tax, interest and penalty liabilities and pressure shipping subsidies, profitability and cash flow. Meesho disputes the allegations.
Proxy adviser InGovern asked Sebi to assess Meesho’s disclosure of GST risks tied to Valmo’s logistics classification. A potential adverse tax ruling could raise retrospective liabilities and affect shipping subsidies, profitability, cash flow and valuation. Meesho disputes the claims.
Why this matters
The request follows Meesho’s denial of InGovern’s GST allegations and comes as the company expands B2B FMCG reach through its ₹202 crore Kirana Club acquisition.
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