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 ....
Awaiting price reaction for this filing.
On May 8, 2025, Marico Limited's Securities Committee allotted 3,11,468 equity shares (face value Re. 1 each) to eligible employees under various schemes of its ESOP 2016, following the exercise of stock options. The shares were issued at different exercise prices across five tranches: 2,50,262 shares at Re. 1, 4,190 shares at Rs. 346.04, 802 shares at Rs. 498.25, 12,399 shares at Rs. 520.96, and 43,815 shares at Rs. 545.34. As a result, Marico's paid-up equity share capital rose from 1,29,55,26,457 shares to 1,29,58,37,925 shares (an increase of about 0.024%). The company has explicitly stated this allotment is not material in nature, and there is no lock-in on the newly issued shares, which will rank pari-passu with existing equity shares.
This is a routine ESOP allotment with a very small dilution impact (~0.024% increase in share count) and is explicitly flagged as non-material by the company. Shareholders are unlikely to see any meaningful effect on earnings per share or stock price from this development.