Marico Limited — Others, 15-05-2025: Shareholders meeting

Marico has announced a postal ballot seeking shareholder approval for two key special resolutions. The first introduces a cashless exercise option in the Employee Stock Option Plan via the Welfare of Mariconians Trust (WEOMA Trust), enabling employees to convert vested options without upfront payment, improving liquidity. The second seeks approval for Marico to financially support WEOMA Trust with loans or guarantees to acquire up to 1.63 Cr equity shares for this facility. WEOMA Trust shares will remain non-promoter and non-public, with trustees abstaining from voting. This aims to boost employee incentives and align them with shareholders without extra dilution.