This is to inform that the Board of Directors of the Company has at its meeting held today i.e. May 2, 2025, based on recommendation of the Nomination and Renumeration Committee, approved ....
Awaiting price reaction for this filing.
Marico's Board has approved the re-appointment of Mr. Saugata Gupta as the Managing Director & Chief Executive Officer for a fresh 2-year term from April 1, 2026 to March 31, 2028. The decision was taken on May 2, 2025, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval. Mr. Gupta has been with Marico since 2004 and has served as MD since 2014, leading the company's expansion into 25+ countries. He is not related to any existing director and is not barred by SEBI from holding a director position.
This is a routine, continuity-driven decision that signals stability in leadership at Marico. Shareholders will get to vote on the re-appointment, but no material disruption is expected since the existing CEO is being retained for another term.