The Securities Committee of the Board of Directors of the Company vide a resolution passed on April 24, 2025, has allotted 28,858 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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Marico Limited has allotted 28,858 equity shares of Re. 1 each under its Employee Stock Option Plan (ESOP) 2016 to eligible employees upon exercise of stock options. The shares were issued in two tranches — 24,570 shares at Rs. 483.50 per share and 4,288 shares at Rs. 520.96 per share. As a result, the company's paid-up equity share capital has increased from Rs. 1,29,54,97,599 to Rs. 1,29,55,26,457. The company has clarified that this allotment is not material in nature.
This is a routine ESOP allotment causing negligible dilution (28,858 shares out of ~129.55 crore shares). Exercise prices are below current market levels, suggesting employees are monetising gains, but the impact on existing shareholders is immaterial.