Please find enclosed the minutes of resolutions passed by way of Postal Ballot through remote e-voting process on June 15, 2025. The results of the Postal Ballot were announced vide our earlier letter dated June 16, 2025.
MARICO · price
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Marico Limited filed the minutes of a postal ballot in which shareholders approved two special resolutions with strong majority support (around 93% in favour on both). The first resolution amends the Marico Employee Stock Option Plan, 2016 to enable a cashless exercise of stock options through the WEOMA Trust, an irrevocable employee welfare trust. The second resolution authorizes the company to provide loans, guarantees, or security to the WEOMA Trust to purchase up to 1,62,78,968 equity shares of the company for the benefit of eligible employees. The remote e-voting period ran from May 17, 2025 to June 15, 2025, results were declared on June 16, 2025, the minutes were signed on July 4, 2025, and filed with the stock exchanges on July 7, 2025.
This is a routine regulatory disclosure of postal ballot outcomes already announced on June 16, 2025. The trust may acquire up to 1.62 crore shares over time, which could lead to mild future dilution, but no immediate material impact on shareholders or the stock price is expected.