Why is Meesho Share Price Falling Today? E-Com Stock Crashes 10% To Dip To 52-Week Low | 3 Reasons Explained

Meesho Share Price Today: Shares of e-commerce giant, Meesho Limited, touched lower circuit after declining nearly 10% during Monday, March 9, intraday trade. The sharp decline came after the company received tax demand of Rs 1,499.73 crore from the Income Tax department.

Meesho shares were trading 9.99% lower at Rs 143.2 per share on BSE with a market capitalisation of Rs 64,628.04 crore at 1:21 pm on Monday, March 9. The stock had dipped to its 52-week low mark of Rs 143.2 per share on Monday. The e-commerce stock's sharp decline coincided with a massive stock market crash today amid persistent Middle East crisis due to Iran-US war.

Why is Meesho Share Price Falling Today?

Meesho share price crashed after the I-T Department, reportedly, sent a tax demand notice to the company. The sharp fall also coincided with the company's anchor lock-in expiry date and an overall weaker sentiment prevailing across the Indian stock market.

I-T Dept Notice To Meesho

The e-commerce platform, Meesho, received a tax demand of Rs 1,499.73 crore from the I-T Department for the assessment year 2023-24. However, the company has also said that it doesn't agree with the findings and also plan to challenge the order through legal channels, as per the company's BSE filing released on Friday, March 6.

"We hereby inform you that the Company has received an Assessment Order under Section 143(3) of the Income-tax Act, 1961 ("IT Act") for the Assessment Year 2023-24 along with a Demand Notice under Section 156 of IT Act dated March 05, 2026, issued by the Assessment Unit ("AU") of the Income Tax Department against Meesho Limited ("the Company")."

Meesho further stated that it is evaluating the Assessment order and does not concur with the observations and adjustments made in the Assessment Order. Meesho has further reiterated that it is taking necessary steps to protect its interest.

Meesho Shares Anchor Lock-In Expiry

Around 2% or 109.9 million shares of Meesho's outstanding shares will become eligible for trading on Monday, March 9, as the three-month anchor lock-in expiry will end today, as per the Nuvama Institutional Equities report. Meesho IPO was listed in December, and its shares dipped to the lower circuit after the one-month anchor lock-in expiry on January 7.

Weaker Sentiment Prevailing Across Indian Stock Market

The decline in Meesho share price today coincided with the massive stock market crash during the Monday's opening trading session. Nifty and Sensex dipped nearly 3-4% in the Monday's opening trade as investors remained concerned about the spill-over effect of the Iran-US war. Nifty fell below 24,000 for the first time since May, 2025 and Sensex dipped around 2,345 points.