This paper presents an overview of the Multi-Level Political Meme Classification shared task conducted at DravidianLangTech–ACL 2026. The task introduces a hierarchical two-level classification framework for Tamil and Malayalam political memes: Level 1 focuses on stance detection (Support/Praise vs. Troll/Oppose), while Level 2 identifies the political target (individual or party), conditioned on the predicted stance. The dataset was curated from social media platforms and manually annotated with strong inter-annotator agreement. A total of 64 teams registered and 19 teams submitted their results using diverse multimodal approaches combining transformer-based text encoders, vision models, OCR pipelines, and hierarchical architectures. Results show that stance detection achieves high macro-F1 scores across both languages, whereas target identification remains more challenging, particularly in Malayalam. The findings highlight the importance of multimodal fusion, hierarchical reasoning, and robustness to OCR noise and class imbalance in political meme analysis.