Marico (MARICO) — Board Meeting

Marico's board approved the allotment of 32,858 equity shares under its ESOP 2016, increasing paid-up capital from 1,29,54,97,599 to 1,29,55,26,457 shares. The issuance comprises two tranches: 24,570 shares at an exercise price of ₹483.50 and 4,288 shares at ₹520.96, both allotted on April 24, 2025. The company clarified the move is not material to operations or financials. This dilutes existing shareholders' stakes slightly but reflects ongoing employee incentive commitments.

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About Marico Limited (MARICO)

Fast Moving Consumer Goods · Agricultural Food & other Products · Listed on NSE

Market Cap: ₹1,09,206.85 Cr P/E: 67.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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