The Securities Committee of the Board of Directors of the Company vide a resolution passed on May 8, 2026, has allotted 1,55,183 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 1,55,183 equity shares of Re. 1 face value each to eligible employees under ESOP 2016. The shares were allotted in three tranches: 1,46,183 shares at par value of Re. 1, 3,000 shares at Rs. 498.25 exercise price, and 6,000 shares at Rs. 506.17 exercise price. Following this allotment on May 8, 2026, the company's paid-up share capital increased from Rs. 1,29,81,48,935 to Rs. 1,29,83,04,118. The company clarified that this allotment is not material in nature and all new shares rank pari-passu with existing equity shares.
The dilution is minimal at around 0.012% of total shares, and the company has explicitly stated the allotment is not material. This is a routine ESOP exercise with negligible impact on shareholders.