Marico Limited has allotted 34,423 equity shares under its Employee Stock Option Plan 2016 (ESOP 2016) to eligible employees on December 12, 2025. This latest corporate action comes as the company's founder Harsh Mariwala continues to advocate for progressive leadership practices, including his suggestion that CEOs should change every 10-15 years.

Latest ESOP Share Allotment Details

According to the company's filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Marico's Securities Committee approved the allotment through a resolution passed on December 12, 2025. The shares were allotted to eligible grantees pursuant to the exercise of stock options granted under various schemes of ESOP 2016.

Capital Structure Impact

Following this allotment, Marico's paid-up share capital has increased from 1,29,80,53,236 equity shares to 1,29,80,87,659 equity shares, each with a face value of Re. 1. The company clarified that this allotment is not material in nature, indicating it falls within normal operational parameters for employee stock option exercises.

Mariwala's Leadership Philosophy

While Marico continues its employee engagement initiatives through equity participation, founder Harsh Mariwala has been vocal about corporate governance reforms. His advocacy for CEO tenure limits of 10-15 years reflects his forward-thinking approach to leadership succession and corporate adaptability.

Mariwala, often described as a visionary leader, has consistently challenged business conventions throughout his tenure at the consumer goods company known for brands like Saffola and Parachute. His philosophy emphasizes the importance of fresh perspectives and adaptability in top leadership roles.

Employee Incentive Strategy

The implementation of ESOP 2016 demonstrates Marico's commitment to employee retention and engagement through equity participation. The plan includes cashless exercise facilities for eligible employees, making it more accessible for staff to participate in the company's growth story. This approach aligns with modern HR practices in the competitive FMCG sector, helping attract and retain top talent.

The combination of progressive leadership thinking and robust employee incentive programs positions Marico to navigate the evolving business landscape effectively. As the company continues to implement these strategic initiatives, stakeholders will be monitoring how these policies translate into long-term performance and corporate culture development.

Marico Limited , a leading consumer goods company, is making headlines with its founder's views on CEO tenure and a recent equity share allotment. The company, known for popular brands like Saffola and Parachute, continues to evolve in both its corporate philosophy and capital structure.

Founder's Perspective on CEO Tenure

Harsh Mariwala, the founder of Marico and widely regarded as a 'man ahead of time', has recently expressed his belief that CEOs should change every 10-15 years. Mariwala, who has built a reputation as a lifelong learner and for challenging business conventions, advocates for this approach to leadership transition in large organizations.

This perspective from Mariwala aligns with modern corporate governance practices that emphasize the importance of fresh leadership and new ideas in driving company growth and innovation. His stance reflects a forward-thinking approach to corporate management, which has been a hallmark of Marico's success in the competitive consumer goods sector.

Recent Equity Share Allotment

In a separate development, Marico has made a significant move in its employee stock option program. According to a recent filing:

• On July 23, 2025, Marico's Securities Committee approved the allotment of 18,26,069 equity shares.
• These shares, with a face value of Re. 1 each, were allotted to the Welfare of Mariconians Trust (WEOMA Trust).
• The allotment is part of the Marico Employee Stock Option Plan, 2016 (ESOP 2016).
• This move facilitates a cashless exercise option for eligible employees under the ESOP 2016.

Impact on Share Capital

The new allotment has resulted in changes to Marico's share capital structure:

The newly issued shares have been priced at Rs. 714.95 per share, which includes a premium of Rs. 713.95.

Implications and Outlook

This equity allotment underscores Marico's commitment to employee ownership and aligning employee interests with those of the company. Such initiatives often boost employee morale and retention, potentially contributing to long-term company performance.

Marico's dual focus on progressive leadership philosophies, as evidenced by Mariwala's statements, and employee-centric policies like the ESOP, reflects a holistic approach to corporate management. As the company continues to navigate the dynamic consumer goods market, these strategies may play crucial roles in maintaining its competitive edge and fostering innovation.

Investors and industry observers will likely keep a close eye on how these developments influence Marico's performance and corporate culture in the coming years.