Marico Limited has received crucial approvals for the voluntary liquidation of its wholly owned subsidiary Zed Lifestyle Private Limited as part of an ongoing intra-group restructuring initiative. The company informed stock exchanges on April 1, 2026, about this significant corporate development through formal regulatory filings.

Board and Shareholder Approvals Secured

The board of directors and shareholders of Zed Lifestyle Private Limited have accorded their approval for the voluntary liquidation in their respective meetings held on April 1, 2026. This approval represents a key milestone in the restructuring process that was initially announced on January 27, 2026.

Pending Approvals and Regulatory Requirements

While the board and shareholder approvals have been obtained, the voluntary liquidation remains subject to additional clearances. The process requires approval from Zed's creditors along with other requisite statutory and regulatory approvals before full implementation.

Upon receipt of creditor consent, the liquidation of Zed Lifestyle Private Limited shall be deemed to have commenced on April 1, 2026. This timeline establishes a clear framework for the integration process moving forward.

Business Integration Structure

The restructuring involves the integration of Zed's entire business undertaking into Marico Limited on a going concern basis through the voluntary liquidation and distribution mechanism. This approach ensures business continuity while streamlining the corporate structure.

The company has directed stakeholders to refer to its detailed disclosure dated January 27, 2026, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for comprehensive information about the intra-group restructuring.

Regulatory Compliance and Communication

Marico Limited has maintained full regulatory compliance by formally communicating this development to both BSE Limited and National Stock Exchange of India Limited through official letters. The communication was signed by Vinay M A, Company Secretary & Compliance Officer, ensuring proper authorization and documentation.

The company has also made this information available on its official website at marico.com/india/investors/shareholder/stock-exchange to ensure transparency with all stakeholders. This corporate action reflects Marico's strategic approach to optimizing its subsidiary structure while adhering to all regulatory requirements and maintaining operational efficiency during the transition process.

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.