Meesho Shares Hit 5% Lower Circuit After Key Executive Resignation

td shares fell sharply on January 8, 2026, hitting the 5% lower circuit for the second consecutive session, following the resignation of Megha Agarwal, General Manager – Business. Agarwal, a senior management personnel who reported directly to CEO Vidit Aatrey, tendered her resignation effective January 7. This marks the first major executive exit since Meesho's blockbuster IPO listing in December 2025. In response, Milan Partani, previously GM – User Growth and Content Commerce, has been elevated to GM – Commerce Platform, overseeing a unified structure including growth, content, and business teams. The stock has now corrected over 35% from its December high of Rs 254.40, erasing more than Rs 40,000 crore in market capitalization amid post-IPO volatility, including the recent lock-in expiry. Despite the pullback, Meesho continues to report strong revenue growth, with H1 FY26 operating revenue at Rs 5,577 crore. Investors remain cautious on leadership transitions in the newly listed e-commerce firm.