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Marico has announced a board meeting to discuss recent litigation developments. The Hon’ble Supreme Court of India dismissed an appeal by the Commissioner of Central Excise regarding the classification of pure coconut oil, which could have led to an excise duty of ₹66.77 crore. The ruling upheld a previous Tribunal decision classifying the oil as edible. This outcome is positive for Marico, as it reinforces the company’s position and has no immediate financial impact. Investors may view this as a solidification of Marico's legal standing and operational integrity, contributing to a positive outlook.