InGovern Asks SEBI To Examine Meesho’s GST Disclosures
InGovern Research Services has requested the Securities and Exchange Board of India (SEBI) to investigate Meesho's Goods and Services Tax (GST) disclosures through its logistics arm, Valmo Transportation. The proxy advisory firm alleges that Meesho's GST structure allows it to reduce shipping costs and offer competitive rates, which may mislead investors relying on accurate disclosures. Meesho has denied these claims, asserting compliance with legal frameworks and disclosure obligations, while InGovern warns that regulatory scrutiny could lead to significant liabilities for the company and its investors.