Marico integrates Zed Lifestyle business via voluntary liquidation

Marico Ltd has successfully integrated the business of its wholly owned subsidiary, Zed Lifestyle Private Limited, through a voluntary liquidation process. The Liquidator distributed the entire business undertaking to Marico on a going concern basis, effective June 29, 2026. This restructuring consolidates Zed's operations with those of the parent company, streamlining its corporate structure.

The integration follows previous disclosures made by the company on January 27, 2026, and April 1, 2026, regarding the intra-group restructuring. The Letter of Distribution issued by the Liquidator on June 29, 2026, formalized the transfer of the business undertaking. Consequently, the financial and operational results of Zed will now be consolidated with Marico from the effective date.

Regulatory Approvals and Next Steps

Following the distribution of assets, the Liquidator is required to initiate steps to obtain approval from the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad. This approval is necessary for the formal dissolution of Zed Lifestyle Private Limited in accordance with applicable laws. The company had initially filed the details of this restructuring under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Event Timeline

Event	Date
Initial Disclosure	January 27, 2026
Follow-up Disclosure	April 1, 2026
Letter of Distribution	June 29, 2026
Effective Date of Integration	June 29, 2026

The completion of this integration marks the final step in the internal restructuring exercise aimed at simplifying the group's holding structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.72%	+2.35%	+2.02%	+14.32%	+19.17%	+64.17%

Marico witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 933,581 shares transacted at a price of ₹838.50 per share, aggregating to a total deal value of ₹78.28 crores.

Block Trade Details

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

Parameter:	Details
Exchange:	NSE
Number of Shares:	~933,581
Trade Price:	₹838.50 per share
Total Trade Value:	₹78.28 crores

Significance of the Transaction

Block trades are large-volume transactions typically executed by institutional investors or significant market participants, often conducted outside the regular order book to minimise market impact. The transaction involving approximately 933,581 shares of Marico at ₹838.50 per share, totalling ₹78.28 crores, represents a substantial single-window deal on the NSE.