Please find enclosed Proceedings of the 37th Annual General Meeting of the Company held on August 8, 2025.
MARICO · price
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Marico held its 37th AGM on August 8, 2025, via video conferencing from 9:00 AM to 10:38 AM IST, with 72 members participating (27 from promoter group and 45 from public). All 8 resolutions placed before shareholders were passed with the required majority. These include adoption of FY25 audited financial statements, confirmation of an interim dividend of ₹3.50 per share along with a final dividend of ₹7 per share (total ₹10.50 for FY25), re-appointment of Mr. Harsh Mariwala and Mr. Saugata Gupta, and ratification of cost auditor remuneration. The Chairman highlighted the theme 'Future-ready. Agile. Resilient.' for the 7th Integrated Annual Report, while MD & CEO Saugata Gupta noted double-digit consolidated revenue growth, positive demand trends in FMCG, and progress on foods and premium personal care businesses. Audit reports from statutory and secretarial auditors had no adverse qualifications.
Shareholders get a total dividend of ₹10.50 per share for FY25, and leadership continuity is confirmed with Harsh Mariwala and Saugata Gupta re-appointed. The strong FY25 performance update and clean audit reports are positive signals, though routine in nature with no surprise announcements.