Please find enclosed outcome of the Postal Ballot.
MARICO · price
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Awaiting price reaction for this filing.
Marico Limited announced the results of its postal ballot conducted via remote e-voting from May 17 to June 15, 2025. Two special resolutions were put to shareholders: (1) amendments to the Marico Employee Stock Option Plan, 2016, and (2) provision of funds by the company to enable the WEOMA Trust to purchase Marico's own shares for the benefit of eligible employees under the ESOP plan. Both resolutions were passed with about 92.96% votes in favor and 7.04% against. Promoters (holding ~76.50 crore shares) voted 100% in favor. Of the ~129.58 crore total outstanding shares, ~92.44% were polled, indicating strong shareholder participation. Total number of shareholders as on the record date (May 9, 2025) was 2,98,082.
No direct impact on dividends or share price structure. The approval allows Marico to fund share purchases through its employee welfare trust for ESOP grants, which may lead to moderate dilution over time but supports employee retention and incentive alignment.