Marico Limited Allots 3,856 Equity Shares Under ESOP 2016 Scheme
Marico Limited allotted 3,856 equity shares under its ESOP 2016 scheme on March 23, 2026, at an exercise price of Rs. 483.50 per share. The allotment increased the company's paid-up share capital from Rs. 1,29,81,45,079 to Rs. 1,29,81,48,935. The newly issued shares will rank pari-passu with existing equity shares and are not subject to any lock-in period. The company has confirmed that this allotment is not material in nature.
*this image is generated using AI for illustrative purposes only.
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:
| Parameter | Details |
|---|---|
| Number of Shares | 3,856 |
| Face Value | Re. 1 each |
| Exercise Price | Rs. 483.50 per share |
| Premium per Share | Rs. 482.50 |
| Issue Date | March 23, 2026 |
| Distinctive Numbers | 1,29,81,45,080 to 1,29,81,48,935 |
Impact on Share Capital
The allotment resulted in an increase in Marico's paid-up share capital structure:
| Metric | Before Allotment | After Allotment |
|---|---|---|
| Number of Equity Shares | 1,29,81,45,079 | 1,29,81,48,935 |
| Total Share Capital | Rs. 1,29,81,45,079 | Rs. 1,29,81,48,935 |
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.
Historical Stock Returns for Marico
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.08% | -1.15% | -5.52% | +6.18% | +15.06% | +82.96% |
How might this ESOP allotment impact employee retention and talent acquisition strategies at Marico in the coming quarters?
What does the exercise price of Rs. 483.50 suggest about employee confidence in Marico's future stock performance compared to current market levels?
Could this small-scale ESOP exercise indicate a broader trend of employee stock option exercises across Marico's workforce in 2026?
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