Pursuant to Regulation 30 of the SEBI Listing Regulations, 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. Bhaskar Bhat (DIN: 00148778) as an Independent Director of the Company w.e.f. October 1, 2025.
MARICO · price
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Marico Limited has issued a postal ballot notice seeking shareholder approval to appoint Mr. Bhaskar Bhat (DIN: 00148778) as an Independent Director of the company for a 5-year term from October 1, 2025 to September 30, 2030. Mr. Bhat, aged 70, is a former Managing Director of Titan Company Limited (served ~17 years from April 2002 to September 2019) and is an IIT Madras and IIM Ahmedabad alumnus. He currently serves as Independent Chairman of Kansai Nerolac Paints and as Independent Director at Metro Brands, Lucas TVS, and Orange County Resorts. The company is also seeking approval for his continuation as director once he turns 75 in FY 2029-30, as required by SEBI norms. E-voting runs from August 24 to September 22, 2025, with results expected by September 24, 2025.
This is a routine board strengthening move and likely to be approved without much friction. Adding a seasoned consumer industry veteran like Mr. Bhat signals a focus on brand building, FMCG strategy, and governance, and is broadly positive for the company's strategic direction without any near-term financial impact on shareholders.