The Securities Committee of the Board of Directors of the Company vide a resolution passed on March 11, 2026, has allotted 9,348 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 allotted 9,348 equity shares (face value Re. 1 each) on March 11, 2026, under the Marico Employee Stock Option Plan 2016. The shares were issued in two tranches — 3,279 shares at an exercise price of Rs. 498.25 and 6,069 shares at Rs. 545.34 — to eligible employees who exercised their stock options. As a result, the company's paid-up share capital increased from Rs. 129,81,35,731 to Rs. 129,81,45,079. The new shares will rank equally with existing equity shares. The company has clarified that this allotment is not material in nature.
This is a routine ESOP allotment with a very small number of shares relative to Marico's total share base, so it is unlikely to have any meaningful impact on share price or shareholder value. Minor dilution only.