Please find enclosed an intimation on appointment of Mr. Bhaskar Bhat (DIN: 00148778) as an Additional Director in the capacity of Independent Director for a term of 5 (five) consecutive years w.e.f. October 1, 2025 to September 30, 2030, based on recommendation of the Nomination and Remuneration Committee and subject to approval of the shareholders.
MARICO · price
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Marico's Board has approved the appointment of Mr. Bhaskar Bhat (DIN: 00148778) as an Additional Director in the capacity of Independent Director for a 5-year term from October 1, 2025 to September 30, 2030. The appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval via postal ballot. Mr. Bhat brings over 4 decades of corporate experience, including a long stint at Titan Company where he served as Managing Director from 2002 until his retirement in 2019. He is currently the Independent Chairman of Kansai Nerolac Paints and an Independent Director at Metro Brands, Lucas TVS, and Orange County Resorts. He is an IIT Madras and IIM Ahmedabad alumnus and is not related to any existing director on Marico's Board.
This is a routine governance update that adds a highly experienced industry veteran to Marico's Board, which should be viewed positively by shareholders for strengthening independent oversight. The appointment is subject to shareholder approval via postal ballot, so shareholders will have a direct say in confirming it.