The Securities Committee of the Board of Directors of the Company vide a resolution passed on June 25, 2025, has allotted 2,460 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016, to the eligible grantee(s), pursuant to exercise of stock options granted thereunder.
MARICO · price
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Marico Limited's Securities Committee allotted 2,460 equity shares of Re. 1 face value on June 25, 2025, under the Marico Employee Stock Option Plan, 2016. The allotment was made in two tranches — 460 shares at an exercise price of Rs. 346.04 per share and 2,000 shares at Rs. 372.10 per share — to eligible employees exercising their stock options. As a result, the company's paid-up share capital rose from 1,29,59,96,830 to 1,29,59,99,290 equity shares, a marginal increase of about 0.002%. The new shares rank pari-passu with existing equity shares and carry no lock-in. The company has clarified that this allotment is not material in nature.
This is a routine ESOP allotment with a negligible dilutive effect on existing shareholders. No meaningful impact on stock price or shareholder value is expected.