The Securities Committee of the Board of Directors of the Company vide a resolution passed on May 30, 2025, has allotted 94,927 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016, to the eligible grantees, pursuant to exercise of stock options granted thereunder.
MARICO · price
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Marico Limited's Securities Committee has allotted 94,927 equity shares of face value Re. 1 each to eligible employees under various schemes of the company's ESOP 2016 plan. This allotment follows the exercise of stock options that were previously granted to these employees. The shares were allotted via a resolution passed on May 30, 2025. This is a routine event tied to employee stock option exercises and does not involve any new fundraising or external issuance.
Minor dilution for existing shareholders due to the small number of new shares issued. No material impact on stock price as this is part of an ongoing employee incentive scheme.