Please refer to our letter dated September 11, 2025 informing that Marico Limited ( Company ) has entered into a definitive agreement to acquire the balance 46.02% of equity capital of HW Wellness Solutions Private Limited ( True Elements ), thereby increasing the Company s aggregate equity stake from 53.98% to 100%.Further to the above, we wish to inform you that the Company has completed the aforesaid acquisition on October 17, 2025, and consequently True Elements has become a wholly owned subsidiary of the Company.
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Marico Limited has completed the acquisition of the remaining 46.02% equity stake in HW Wellness Solutions Private Limited (True Elements) on October 17, 2025. This follows the definitive agreement signed on September 11, 2025. With this acquisition, Marico's holding in True Elements has increased from 53.98% to 100%, making it a wholly owned subsidiary. The deal was originally agreed upon earlier in September, and now with completion, True Elements is fully under Marico's control. This is a consolidation move in the healthy foods segment where True Elements operates.
True Elements becoming a wholly owned subsidiary means Marico will now capture the full profits and losses of the brand, which could enhance earnings from the health foods vertical. For shareholders, this signals Marico's commitment to growing its foods business, though the financial impact depends on the acquisition price and True Elements' contribution to overall revenue and profit.