Please find enclosed the Notice convening the 37th AGM and the Integrated Annual Report for the financial year 2024-25.
MARICO · price
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Marico has notified that its 37th AGM will be held on Friday, August 8, 2025 at 9:00 AM via video conferencing. The notice includes adoption of FY25 audited financial statements and a total dividend of ₹10.50 per share (₹3.50 interim already paid + ₹7.00 final recommended, record date August 1, 2025, payment by September 7, 2025). Key proposals include re-appointment of MD & CEO Saugata Gupta for 2 years (April 2026 to March 2028) with a fixed pay band of ₹12.5–16.5 crore plus variable pay up to 90%, continuation of Harsh Mariwala as Non-Executive Director (turning 75 in 2026), appointment of Dr. K.R. Chandratre as Secretarial Auditor for 5 years, ratification of cost auditor remuneration of ₹10.5 lakh, and approval to raise the Section 186 investment/loan limit to ₹10,000 crore. The RTA has changed from Link Intime to MUFG Intime India Private Limited effective December 31, 2024.
Shareholders should note the final dividend record date of August 1, 2025 and the e-voting window from August 5 to August 7, 2025. The proposed re-appointment of Saugata Gupta with a higher pay band and the ₹10,000 crore investment ceiling are routine governance items but signal continuity of leadership and room for inorganic moves.