Marico Limited has announced key changes in its senior management personnel structure, effective April 1, 2026, as part of a strategic restructuring of its international business operations.

Leadership Expansion for International Business

The primary change involves Mr. Pawan Agrawal, who currently serves as Group CFO and CEO International Business for Rest of South Asia and SE Asia. He will take on expanded responsibilities to lead the overall international business of Marico with a new designation as Group CFO and Chief Executive Officer – International Business.

Changes in Senior Management Personnel Status

Consequent to Agrawal's expanded role, two executives currently categorized as Senior Management Personnel will experience changes in their reporting structure and SMP status.

Both executives will move under the ambit of the CEO - International Business and will no longer be categorized as Senior Management Personnel effective April 1, 2026.

Pawan Agrawal's Professional Background

Agrawal brings extensive experience to his expanded role, with an overall 25 years of experience across various finance verticals including Financial Planning & Analysis, Corporate Finance, Treasury, Investor Relations, Taxation, Commercial and Corporate Governance functions.

Key highlights of his career include:

• Joined Marico in 2004 as Regional Operations Manager for the South Sales Division in Hyderabad
• Instrumental in executing Marico's diversification strategy, facilitating acquisitions of digital-first brands such as Beardo, Just Herbs, True Elements, Plix, 4700BC and Cosmix
• Previously worked with Eveready Industries (I) Limited for four years in Internal Audit and Sales Commercial functions
• Holds Chartered Accountant qualification and B.Com (Hons) degree from St. Xavier's College, Calcutta

Recognition and Awards

Agrawal has received several notable recognitions for his leadership:

• CFO of the Year in the Consumer Sector category at the 3rd Edition of the CII CFO Excellence Awards 2023-24
• The Financial Express CFO of the year Award 2020 under the Large Enterprises Category in Manufacturing Sector
• Under his leadership, Marico has been ranked in the 'LEADERSHIP' category on the IIAS Indian Corporate Governance Scorecard for six consecutive years
• The company was awarded 'Best Governed Company in Listed Segment: Medium Category' at the 23rd ICSI National Awards for Excellence in Corporate Governance 2023

Regulatory Compliance

The company has made the announcement pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory requirements. The disclosure has been made available on the company's website and communicated to both BSE Limited and National Stock Exchange of India Limited.

Marico Limited has announced the allotment of 3,856 equity shares under its Employee Stock Option Plan 2016 (ESOP 2016) scheme on March 23, 2026. The Securities Committee of the Board of Directors approved this allotment through a resolution passed on the same date.

Share Allotment Details

The allotted shares carry specific parameters that define their structure and value:

Impact on Share Capital

The allotment resulted in an increase in Marico's paid-up share capital structure:

Regulatory Compliance

The allotment was conducted in accordance with the Marico Employee Stock Option Plan 2016, with shares issued to eligible grantees pursuant to the exercise of stock options. The company has fulfilled disclosure requirements under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Characteristics

The newly allotted equity shares will rank pari-passu with existing equity shares of the company, ensuring identical rights and privileges. No lock-in period applies to these shares, and they are issued in demat form under ISIN number INE196A01026. Marico has clarified that this allotment is not material in nature to the company's operations.

The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited, and the allotment information has been made available on Marico's investor relations website.