Marico Limited — Others, 03-12-2024: ESOP/ESOS/ESPS

Marico has announced a board meeting to discuss the allotment of 34,640 equity shares under the Employee Stock Option Plan, 2016, following the exercise of stock options. The company's paid-up share capital is now Rs. 1,29,51,93,803, reflecting increased shares from 1,29,51,59,163. These actions demonstrate Marico's commitment to incentivizing employees and aligning interests with shareholders. While the allotment is not seen as material to the company, it may contribute to a positive outlook among investors, indicating ongoing employee engagement and organizational growth.