Please find enclosed an intimation on the appointment of Mr. Girish Paranjpe (DIN: 02172725) as an Additional Director in the capacity of Independent Director.
MARICO · price
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Marico Limited's Board has appointed Mr. Girish Paranjpe as an Additional Director in the capacity of Independent Director for a 5-year term starting June 1, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval via postal ballot. Mr. Paranjpe brings over 35 years of corporate experience, notably serving as Joint-CEO of Wipro's IT Business from 2008-2011 where he led operations worth USD 5.8 billion. He currently serves as Independent Director on several prominent boards including Mphasis, Axis Bank, and Crisil. The company has affirmed he is unrelated to any board members and is not debarred from holding the directorship.
This appointment strengthens Marico's board with experienced independent oversight. The addition of a senior industry veteran with tech and financial sector expertise could be viewed positively by investors, particularly since no governance concerns or resignations triggered this change.