This is to inform you that the Securities Committee of the Board of Directors of the Company vide a resolution passed on May 27, 2026, has allotted 16,547 equity shares of face value of Re. 1 each of the Company under a Scheme of ESOP 2016, to the eligible grantees, pursuant to exercise of stock options granted thereunder.
MARICO · price
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Marico's Securities Committee allotted 16,547 equity shares of face value Re. 1 each to eligible employees who exercised stock options under the Marico Employee Stock Option Plan, 2016. The exercise price was Re. 1 per share with a premium of Rs. 505.17, implying the shares were granted at market value. The paid-up share capital increased marginally from approximately Rs. 129.83 crore to Rs. 129.83 crore as a result. The company has explicitly stated that this allotment is not material in nature, and it is a routine compliance filing under SEBI regulations governing employee benefit schemes.
The dilution is negligible at only 16,547 shares out of ~1,298 million total shares (approximately 0.001%). No material impact on stock price or shareholder value is expected.