Marico Limited — Important, 18-12-2024: Updates

The Hon’ble Supreme Court of India has dismissed an appeal by the Commissioner of Central Excise regarding the classification of pure coconut oil for excise duty purposes, supporting the Tribunal’s earlier ruling that categorizes pure coconut oil as edible oil. This favorable outcome for Marico could have a positive impact on its financial liability related to this period. The company is awaiting a certified copy of the order and will provide further updates once received, positioning itself for potential operational stability following this litigation resolution. Investors should view this as a positive development, enhancing the company's legal standing and overall outlook.