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Marico has announced a board meeting on the allotment of 57,847 equity shares under its Employee Stock Option Plan, 2016. These shares were issued to eligible employees at exercise prices between Re.1 and Rs.545.34 per share, increasing the paid-up share capital to 129.59 Cr equity shares of Re.1 each. This move reinforces employee incentives and slightly adjusts the capital structure without significant impact on the overall equity base.