Marico Limited has secured shareholder approval to appoint Mr. Girish Paranjpe as an Independent Director effective June 1, 2026. The resolution was passed through a postal ballot conducted via remote e-voting, with 98.86% of the votes polled favouring the appointment. This governance update strengthens the company's board structure as it moves forward into the new fiscal year.

The remote e-voting process commenced on May 15, 2026, and concluded on June 13, 2026. A total of 1,17,34,45,643 votes were polled, representing 90.38% of the total outstanding shares. The special resolution required approval under Section 110 of the Companies Act, 2013, and was scrutinized by M/s. Makarand M. Joshi & Co., Practising Company Secretaries.

Voting Results Breakdown

The appointment received overwhelming support across all shareholder categories. Promoters voted entirely in favour, while public institutions and non-institutions also approved the resolution with significant majorities.

Procedural Details

The record date for the postal ballot was May 8, 2026, determining the eligibility of 2,97,685 shareholders. Central Depository Services (India) Limited (CDSL) provided the e-voting facility. The scrutinizer's report confirmed that there were no invalid votes cast during the process. The results have been disclosed to BSE Limited and The National Stock Exchange of India Limited in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Marico witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 313,739 shares transacted at Rs. 810.75 per share, aggregating to a total deal value of Rs. 25.44 crores. Block trades are large-volume transactions typically executed by institutional investors outside the regular market order book.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Block deals are executed when a single transaction involves a minimum quantity or value threshold as defined by the exchange, and are disclosed publicly to ensure market transparency. Such trades are closely tracked by market participants as indicators of institutional interest in a particular stock.