Please find enclosed outcome of the Postal Ballot.
Awaiting price reaction for this filing.
Marico Limited announced the results of a Postal Ballot conducted via remote e-voting from May 17, 2025 to June 15, 2025. Two special resolutions were put to shareholders: (1) amendments to the Marico Employee Stock Option Plan, 2016, and (2) approval for the Company to provide money to the WEOMA Trust for purchasing its own shares for the benefit of eligible employees under the Plan. Both resolutions were passed with the requisite majority. Total voting turnout was about 92.44% of outstanding shares, with promoters voting 100% in favour. Overall, approximately 92.96% of polled votes were in favour of each resolution, while around 7.04% voted against, primarily from institutional public shareholders.
Shareholders have approved ESOP plan amendments and authorised funding to the WEOMA Trust to buy back Marico shares for employee benefit, which may result in some treasury-style share purchases but is unlikely to materially affect share price or shareholder economics.