The Securities Committee of the Board of Directors of the Company vide a resolution passed on February 24, 2026, has allotted 17,077 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 17,077 equity shares of Re. 1 face value to eligible employees under the Marico Employee Stock Option Plan, 2016, on February 24, 2026. The shares were issued across four tranches at exercise prices of Re. 1, Rs. 372.10, Rs. 498.25, and Rs. 506.17 per share. As a result, the company's total paid-up share capital increased from 1,29,81,18,654 to 1,29,81,35,731 equity shares. The company has clarified that this allotment is not material in nature.
This is a very small dilution (17,077 shares out of nearly 129.8 crore shares, i.e., roughly 0.001%) and is unlikely to have any meaningful effect on share price or shareholder value. It is a routine ESOP exercise disclosure.