Mamaearth , the popular brand owned by Honasa Consumer Limited, has taken a significant step in employee retention and motivation. The company's Nomination and Remuneration Committee (NRC) has approved the grant of 289,370 stock options to eligible employees under its Employee Stock Options Plan-2018 (ESOP-2018).

Key Details of the Stock Option Grant

Terms and Conditions

The stock options granted come with specific terms and conditions:

1. Exercise Period: Employees can exercise their vested options during their tenure with the company or within 90 days from their last working day.
2. Vesting Schedule: The vesting schedule will be determined by the Nomination and Remuneration Committee.
3. Regulatory Compliance: The ESOP-2018 is in line with SEBI (Share Based Employee Benefits) Regulations, 2014.

Significance for Honasa Consumer Limited

This move by Honasa Consumer Limited, which owns brands like Mamaearth, The Derma Co., and BBlunt, among others, indicates a strategic approach to aligning employee interests with the company's long-term growth. By offering stock options, the company aims to:

• Enhance employee retention
• Motivate staff to contribute to the company's success
• Create a sense of ownership among employees

The stock option grant comes at a time when the company has been expanding its product portfolio and market presence in the personal care and beauty segment.

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Honasa Consumer Limited has made the necessary disclosures to the National Stock Exchange of India Limited and BSE Limited. The company has also stated that this information will be available on its official website.

As Honasa Consumer Limited continues to grow in the personal care market, this employee stock option grant may play a role in attracting and retaining talent, potentially contributing to the company's future success and market position.

Mamaearth , the parent company of popular personal care brand Mamaearth, held its 9th Annual General Meeting (AGM) on September 25, where shareholders approved several important resolutions, including the re-appointment of an independent director and the appointment of a new secretarial auditor.

Key Appointments Approved

The shareholders of Mamaearth gave their nod to the re-appointment of Mr. Vivek Gambhir as an Independent Director for a second five-year term, effective from March 24, 2026, to March 23, 2031. Mr. Gambhir, who holds degrees from Lafayette College and Harvard Business School, brings over three decades of experience in operations and strategy to the board. He is currently associated with Lightspeed India Ventures and has previously held leadership positions at companies like Imagine Marketing Limited (boAt Lifestyle) and Godrej Consumer Products Limited.

In addition to Mr. Gambhir's re-appointment, the shareholders also approved the appointment of Arora Shekhar and Company as the company's Secretarial Auditor for a five-year term from April 1, 2025, to March 31, 2030. The Delhi-based practicing company secretary firm, established in 2013, specializes in secretarial audit, corporate law, securities law, and corporate governance.

Other AGM Proceedings

The AGM, conducted through video conferencing, saw the approval of several other resolutions, including:

1. Adoption of audited standalone and consolidated financial statements for the financial year 2024-25
2. Re-appointment of Mr. Ishaan Mittal as a Director, who was retiring by rotation

Voting Results

The company reported strong shareholder support for all resolutions presented at the AGM. Notably:

Management Commentary

Mr. Varun Alagh, Chairman, CEO, and Whole Time Director of Mamaearth, chaired the meeting and delivered a speech to the shareholders. The company's management also addressed queries raised by speaker shareholders during the Q&A session.

The AGM proceedings reflect Mamaearth's commitment to maintaining strong corporate governance practices and ensuring continuity in its board composition. The re-appointment of Mr. Gambhir and the selection of a new secretarial auditor demonstrate the company's focus on leveraging experienced professionals to support its growth trajectory in the competitive personal care products market.