Please find enclosed outcome of the Postal Ballot
MARICO · price
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Marico Limited has received shareholder approval through a Postal Ballot (remote e-voting) for the appointment of Mr. Bhaskar Bhat (DIN: 00148778) as an Independent Director, effective October 1, 2025. The e-voting ran from August 24 to September 22, 2025. Out of around 129.79 crore total outstanding shares, about 118.94 crore shares (91.64%) were polled, and an overwhelming 99.88% of votes were in favour of the special resolution. Promoters voted 100% in favour, public institutions approved it with 99.67% support, and public non-institutions supported it with 94.60%.
This is a routine corporate governance update with no direct impact on financials or share price. The strong shareholder support (over 99%) reinforces confidence in the board composition. Mr. Bhaskar Bhat's appointment adds an experienced independent director to Marico's board starting October 1, 2025.