Marico Limited has filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that the Postal Ballot Notice was published in the Business Standard (English) and Navshakti (Marathi) newspaper editions on May 14, 2026. The disclosure was signed by Vinay M A, Company Secretary & Compliance Officer, and the notice is also available on the company's website. The postal ballot seeks shareholder approval for the appointment of Mr. Girish Paranjpe (DIN: 02172725) as an Independent Director, following his appointment as an Additional Director by the Board at its meeting held on May 5, 2026. The proposed appointment is for a term of five consecutive years, effective from June 1, 2026 to May 31, 2031, with Mr. Paranjpe not being liable to retire by rotation.

Voting Schedule and Process

The company has arranged for remote e-voting to facilitate shareholder participation, with the process managed by Central Depository Services (India) Limited (CDSL). Only members whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date, Friday, May 8, 2026, are eligible to vote. Physical postal ballot forms are not being dispatched in accordance with relevant circulars issued by the Ministry of Corporate Affairs. Members must ensure their email addresses are registered with the company or depositories to receive the notice and participate in the voting.

The Scrutinizer, Mr. Makarand M. Joshi (Membership No: 5533), and in his absence Mrs. Kumudini Bhalerao (Membership No: 6667), Partners of M/s. Makarand M. Joshi & Co., Practising Company Secretaries, Mumbai, have been appointed to conduct the postal ballot through remote e-voting in a fair and transparent manner. Results will be communicated to BSE Limited, National Stock Exchange of India Limited, and the depositories, and will also be displayed on the company's website.

Director Profile and Qualifications

Mr. Girish Paranjpe brings over 35 years of experience in the corporate and business world. He was associated with Wipro Limited for over two decades and served as Joint-CEO of its IT Business and as a member of the Board of Directors of Wipro from 2008 to 2011, leading a business worth USD 5.80 billion with an employee strength of over one lakh spread across 54 countries. He subsequently joined Bloom Energy in 2011 as Managing Director of Bloom International and is also the co-promoter and General Partner of Exfinity Venture Partners, a venture fund investing in technology start-ups.

Mr. Paranjpe currently serves as Non-Executive Independent Chairman of Mphasis Limited and Independent Director of Axis Bank Limited, Crisil Limited, and Axis Max Life Insurance Limited, among other directorships. His areas of expertise include entrepreneurship, financial and accounting, new age consumer channel and digital skills, leadership, M&A, strategy and investment management, corporate governance, risk and compliance, and geographic, gender and cultural diversity.

Resolution and Compliance Details

The special resolution seeks approval under Sections 149, 150, and 152 read with Schedule IV of the Companies Act, 2013, and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Paranjpe meets the criteria of independence as prescribed under the Companies Act, 2013 and the SEBI Listing Regulations, and has submitted the requisite declarations and confirmations, including registration with the Independent Directors' databank and completion of the online proficiency self-assessment test. None of the directors or key managerial personnel of the company are interested in the resolution, financially or otherwise. The Board has recommended the resolution for approval by members by way of a Special Resolution.

Marico Limited's Securities Committee of the Board of Directors, on May 8, 2026, allotted 1,55,183 equity shares of face value Re. 1 each under various schemes of the Marico Employee Stock Option Plan, 2016 (ESOP 2016) to eligible grantees. The allotment was made pursuant to the exercise of stock options granted under the plan, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has clarified that the aforesaid allotment of shares is not material in nature.

Impact on Paid-Up Share Capital

Following the allotment, the paid-up share capital of the company has been revised as detailed below:

All equity shares allotted pursuant to the exercise of stock options rank pari-passu with the existing equity shares of the company.

Tranche-Wise Allotment Details

The allotment was carried out across three tranches under ESOP 2016, each with distinct exercise prices and share counts. The details are as follows:

Scheme and Compliance Details

The allotment was made under the Marico Employee Stock Option Plan, 2016, with disclosures filed pursuant to Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEB Regulations). The scheme was originally filed with stock exchanges on November 22, 2016 and June 14, 2022. Key scheme parameters are outlined below:

• Security Type: Equity shares
• Par Value: Re. 1 per share
• ISIN: INE196A01026
• Share Certificate: Not applicable (shares issued in demat form)
• Listing Fees: Not applicable

The intimation has been made available on the company's website and has been submitted to the stock exchanges in accordance with applicable SEBI regulations. The Company Secretary & Compliance Officer, Vinay M A, signed and filed the disclosures on May 8, 2026.