The Securities Committee of the Board of Directors of the Company vide a resolution passed on May 8, 2025, has allotted 3,11,468 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016, to the eligible grantee, pursuant to exercise of stock options granted thereunder.
MARICO · price
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On May 8, 2025, Marico's Securities Committee allotted 3,11,468 equity shares (face value Re. 1 each) to eligible employees under the Marico Employee Stock Option Plan, 2016. The shares were issued across five tranches at exercise prices ranging from Re. 1 (for 2,50,262 shares) to Rs. 545.34 (for 43,815 shares), with the remaining tranches priced at Rs. 346.04, Rs. 498.25, and Rs. 520.96. As a result, the company's paid-up equity share capital increased from Rs. 1,29,55,26,457 to Rs. 1,29,58,37,457, a marginal rise of about 0.024%. The company has clarified that this allotment is not material in nature.
This is a routine ESOP allotment with negligible dilution (about 0.024%) and is explicitly stated as non-material, so it should have no meaningful effect on the stock price. It reflects ongoing employee incentive exercises and healthy participation in stock options, which is mildly positive for shareholder alignment.