This is to inform you that the Securities Committee of the Board of Directors of the Company vide its resolution passed on July 23, 2025, has allotted 18,26,069 equity shares of face value of Re. 1 each of the Company to the Welfare of Mariconians Trust represented by IDBI Trusteeship Services Limited, Trustee, for the purpose of implementing the facility of cashless exercise by eligible employees under Marico Employee Stock Option Plan, 2016.
MARICO · price
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On July 23, 2025, Marico's Securities Committee allotted 18,26,069 equity shares (face value Re. 1) to the Welfare of Mariconians Trust (WEOMA Trust), represented by IDBI Trusteeship Services Limited, under the Marico Employee Stock Option Plan 2016. The allotment is meant to enable cashless exercise of stock options by eligible employees, at an issue price of Rs. 714.95 per share (premium of Rs. 713.95). Following this, the company's paid-up share capital rose from Rs. 1,29,59,99,290 to Rs. 1,29,78,25,359. The newly issued shares will rank equally with existing equity shares of the company and carry no lock-in restrictions.
This is a routine ESOP-related allotment that marginally dilutes existing shareholders (by about 0.14%) but is price-neutral in intent as shares are issued to a trust for employee benefit. No material impact on stock price is expected from this disclosure.