Marico Limited announced the results of its postal ballot conducted through remote e-voting, revealing that shareholders have approved two special resolutions with the requisite majority.
The first resolution involved amendments to the ‘Marico Employee Stock Option Plan, 2016’.
The second resolution pertained to the provision of money by the company for the purchase of its own shares by the WEOMA Trust for the benefit of Eligible Employees under the Plan.
The remote e-voting period commenced on Saturday, May 17, 2025, at 9:00 a.m. (IST) and concluded on Sunday, June 15, 2025, at 5:00 p.m. (IST).
For Resolution 1 (ESOP Amendments), 92.96% of the votes polled were in favour, with 7.04% against.
For Resolution 2 (WEOMA Trust Funding), 92.96% of the votes polled were in favour, with 7.04% against.
The total number of shares whose votes were polled for both resolutions was approximately 119.78 crore (1.19 billion), representing 92.44% of the total outstanding shares.