Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the postal ballot notice along with the explanatory statement, seeking approval of the Members of the Company by way of Special Resolution for appointment of Mr. Girish Paranjpe (DIN: 02172725) as an Independent Director of the Company w.e.f. June 1, 2026.
MARICO · price
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Marico Limited is seeking shareholder approval via postal ballot for the appointment of Mr. Girish Paranjpe as an Independent Director for a 5-year term starting June 1, 2026. Mr. Paranjpe, aged 68, brings over 35 years of experience including serving as Joint-CEO of Wipro's IT Business from 2008-2011, where he led a USD 5.8 billion business. He is currently on the boards of Axis Bank, Crisil, and Mphasis, and is a co-promoter of Exfinity Venture Partners. The Board had already appointed him as Additional Director on May 5, 2026, and this postal ballot is to obtain shareholder confirmation as required under SEBI regulations. Remote e-voting runs from May 15 to June 13, 2026.
Positive for governance and board composition - Marico is strengthening its Board with an experienced independent director who has deep expertise in IT, finance, strategy, and corporate governance. This appointment enhances board independence and adds relevant skills for the company's growth strategy.