The Securities Committee of the Board of Directors of the Company vide a resolution passed on May 21, 2025, has allotted 57,847 equity shares of face value of Re.1/- each of the Company ....
Awaiting price reaction for this filing.
Marico Limited has allotted 57,847 equity shares of face value Re. 1 each under its Employee Stock Option Plan (ESOP) 2016, pursuant to stock options exercised by eligible employees. The shares were allotted in four tranches at different exercise prices: 33,377 shares at Re. 1, 5,670 shares at Rs. 346.04, 1,700 shares at Rs. 498.25, and 17,100 shares at Rs. 545.34. As a result, the company's paid-up share capital has increased from 1,29,58,37,925 to 1,29,58,95,772 equity shares. The company has stated this allotment is not material in nature. The newly issued shares will rank pari-passu with existing equity shares.
This is a routine ESOP allotment resulting in negligible dilution (~0.004%) for existing shareholders, with no meaningful impact on stock price or shareholder value.