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Marico Ltd.

BSE: 531642 Sector: Consumer
BSE 00:00 | 24 Apr Marico Ltd
NSE 05:30 | 01 Jan Marico Ltd

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

April 20, 2020, 5:17 pm | Source: BSE

This is to inform you that the Securities Issue Committee of the Board of Directors of the Company vide a resolution passed by circulation on April 20 2020 has issued and allotted 27270 equity shares of face value of Re. 1 each of the Company under Scheme III and Scheme IV of ESOP 2016 to the eligible grantees under the said Plan pursuant to exercise of stock options granted thereunder.

In terms of Regulation 10(c) of the SEBI (Share Based Employee Benefits) Regulations 2014 (SEBI SBEB Regulations) the details of shares allotted as above are given in Annexure I & II to this intimation. Further this intimation is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 however we wish to clarify that aforesaid allotment of shares is not material in nature to the Company.