The Securities Committee of the Board of Directors of the Company vide a resolution passed on March 23, 2026, has allotted 3,856 equity shares of face value of Re. 1 each of the Company under a Scheme of ESOP 2016, to the eligible grantee, pursuant to exercise of stock options granted thereunder.
MARICO · price
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Marico Limited's Securities Committee allotted 3,856 equity shares of face value Re. 1 each on March 23, 2026, under the company's Employee Stock Option Plan 2016. The shares were issued to an eligible employee upon exercising vested stock options at an exercise price of Rs. 483.50 per share (with a premium of Rs. 482.50). As a result, the company's paid-up equity share capital rose marginally from 1,29,81,45,079 shares to 1,29,81,48,935 shares. The company itself clarified that this allotment is not material in nature. The new shares will rank equally with existing equity shares.
This is a routine, small-scale ESOP allotment with negligible dilution (less than 0.003% increase in share count). It is unlikely to have any meaningful impact on the stock price or shareholder value, and the company has confirmed it is not material.