Marico Limited — JV/Acquisition, 26-03-2025: Amalgamation/Merger

Marico Limited has announced a board meeting regarding the intra-group merger of its wholly owned subsidiary, Beauty X Joint Stock Company, with Marico South East Asia Corporation. The merger, which received regulatory approval in Vietnam, aims to enhance operational efficiency and reduce costs. Following the merger, Beauty X's operations have ceased, and all assets and liabilities will be transferred to MSEA. This consolidation may present a more streamlined operational structure for Marico in the beauty and personal care sector, potentially enhancing future profitability and investor sentiment.