Marico Completes Share Allotment Under Employee Stock Option Plan 2016
Marico Ltd has completed the allotment of equity shares under its Marico Employee Stock Option Plan, 2016 (ESOP 2016). The allotment, executed on June 9, 2026, resulted in an increase in the company's paid-up share capital.The Securities Committee of the Board of Directors allotted a total of 54,734 equity shares to eligible grantees who exercised stock options granted under various schemes of ESOP 2016. These new shares were issued at a face value of Re. 1 each.
Consequent to this successful allotment, Marico's paid-up share capital witnessed the following increase:
| Parameter | Before Allotment | After Allotment |
|---|---|---|
| Total Equity Shares (Re. 1) | 1,29,83,20,665 | 1,29,83,75,399 |
| Aggregate Capital Value | Rs. 1,29,83,20,665/- | Rs. 1,29,83,75,399/- |
The allotment was executed across two distinct tranches under the ESOP 2016 plan. The first tranche saw the issuance of 50,432 equity shares, which were issued at an exercise price of Re. 1 per share.
In addition, a second tranche comprising 4,302 equity shares was allotted. These shares carried a face value of Re. 1 and were issued at an exercise price of Re. 506.17 per share, with a premium of Rs. 505.17 per share.
The newly allotted equity shares have been assigned distinctive numbers ranging from 1,29,83,20,666 to 1,29,83,75,399 (both inclusive). The company confirmed that all equity shares allotted under the stock option exercise shall rank pari-passu with the existing equity shares of Marico Ltd.
MARICO Stock Price Movement
Shares of Marico Limited shed 0.17% and trade at ₹807.60 as of 12:35 PM today. Trading activity includes a volume of 466,865 shares, with the stock maintaining an intraday range spanning from a low of ₹804.65 up to a high of ₹813.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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