The Securities Committee of the Board of Directors of the Company vide a resolution passed on June 17, 2025, has allotted 6,131 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 6,131 equity shares of Re. 1 each on June 17, 2025, to eligible employees who exercised their stock options under the Marico ESOP 2016 scheme. The shares were issued in three tranches at exercise prices of Rs. 372.10 (700 shares), Rs. 498.25 (1,800 shares), and Rs. 545.34 (3,631 shares). As a result, the company's paid-up equity share capital rose marginally from 1,29,59,90,699 to 1,29,59,96,830 shares. The newly issued shares will rank equally with existing equity shares and carry no lock-in restrictions. The company has explicitly stated that this allotment is not material in nature.
This is a routine ESOP exercise with negligible dilution (6,131 shares out of ~129.6 crore total shares). Shareholders are unlikely to see any meaningful impact on share value or voting rights from this allotment.