Marico Ltd

ESG rating update

• Marico received ESG score 76.3 from SES ESG Research Private Limited on 23 September 2026.
• The rating was independently determined; the company did not engage SES ESG.
• Intimation available on the company website.

ESG Rating Update

• ESG score 76; 'Leader' rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Pvt Ltd.
• Marico did not engage Niche; rating independently determined by Niche.
• SDD submission dated Sep 17, 2026; rating available on NSE and BSE.
• Intimation to exchanges dated Sep 18, 2026.

Meeting Details

• Sep 17, 2026 (Thu): Jefferies India Forum, one-on-one, Gurgaon.
• Sep 22, 2026 (Tue): J.P. Morgan India Conference, group, Mumbai.
• Participants: company management to attend the meetings.
• Purpose: investor conference interactions with analysts and institutional investors.
• Presentation: materials will be available on the company website.

Capital / Securities

• ESOP 2016 allotment: 18,00,000 shares to WEOMA Trust for cashless exercise.
• 600 shares allotted to an eligible grantee under ESOP 2016.
• Total issued shares increased from 1,29,83,87,850 to 1,30,01,88,450.
• Par value remains Re 1; paid-up capital increases accordingly.
• Exercise price per share: Rs 545.34; premium Rs 544.34.
• Distinctive numbers: 1,29,83,88,451 to 1,30,01,88,450 (inclusive).
• ISIN: INE196A01026.
• Date of issue: September 8, 2026.
• Total issued shares after this issue: 1,30,01,88,450.
• Total issued share capital after this issue: Rs 1,30,01,88,450.
• Shares rank pari-passu with existing equity shares.

ESG rating update

• ESG rating of 79 assigned for FY2026, Leader category by NSE Sustainability.
• Company did not engage NSE Sustainability; rating independently determined.
• Communication dated Sept 3, 2026; intimation available on Marico's website.

Rating Action

• CRISIL reaffirmed Marico's long-term bank facilities at AAA/Stable.
• CRISIL reaffirmed short-term bank facilities at A1+.

Instruments / Facilities Rated

• Long-term bank loan facilities: CRISIL AAA/Stable (Reaffirmed).
• Short-term bank loan facilities: CRISIL A1+ (Reaffirmed).

Rating Agency

• CRISIL Ratings Limited (CRISIL).

Rationale / Key Points

• Rationale not detailed in the filing; ESG profile included.
• Full rationale accessible via CRISIL link.

Outlook

• Outlook: Stable.

Material Changes Since Last Rating

• Rating reaffirmed; no material change indicated.

Meeting Details

• Dates: September 7-8, 2026.
• Mode: in-person, London; one-on-one and group meetings.
• Organizer: Goldman Sachs (India) Securities Private Limited; Non-Deal Roadshow.
• Location: London, United Kingdom.

Participants

• Key participants: Marico management team.

Purpose

• Purpose: investor interaction during a non-deal roadshow.

Water stewardship highlights

• Cumulative 547 crore litres water conservation potential across four states till FY26.
• Jalashay Programme engages communities to improve water availability and agricultural resilience.
• 25% of manufacturing footprint in water-stressed zones certified as water neutral.
• Perundurai facility achieved ZLD; Puducherry facility certified as ZLD.
• 24% reduction in water consumption intensity in FY26 versus FY22 baseline.
• Jalgaon intervention created 70 crore litres of water potential for 4,000 farmers.
• Mahatma Award for Water Management recognition for Jalashay initiatives.
• Turnover FY25-26: ₹136.1 billion; overseas revenue share about 24%.
• Aim to achieve water neutrality across 100% of units in water-stressed zones.
• Vision 2030: pursuit of leading digital-first consumer goods company.

AGM Details

• AGM held on August 6, 2026 at 9:00 A.M. IST via Video Conferencing.
• Meeting deemed to be held at the registered office for quorum and record purposes.
• Remote e-voting ran Aug 3–5, 2026; cut-off date was July 30, 2026.
• E-voting remained open until 15 minutes after the meeting’s conclusion.

Key Resolutions

• Dividend: ₹4 per share declared for FY26.
• Bonus issue: Board to consider at an appropriate time; no decision yet.
• Adoption of standalone and consolidated financial statements: subject to AGM approval.
• Director and auditor appointments: no changes disclosed in this chunk.
• Material related party transactions: none disclosed in this excerpt.
• ESOPs: not specified in this chunk.

Dividend

• Dividend per share: ₹4 for FY26.

Director Changes

• Board composition: no new appointments or retirements announced.

Auditor Appointments

• Statutory Auditors: no appointment changes announced.
• Secretarial/Cost Auditors: no changes disclosed.

Material Related Party Transactions

• No material related party transactions disclosed in this excerpt.

Other Material Approvals

• CSR FY26 spend: ₹26.70 Crore; ₹0.30 Crore excess over 2% norm.
• CSR programs include Jalashay water conservation and Nihar Shanti Pathshala.
• Environmental actions: carbon neutrality at two plants; Miyawaki forests; 2.26 lakh saplings.
• Diversity: 30% women leadership target by 2030; 56% diversity in marketing/tech.
• Foods and Premium Personal Care contributed about 23% of India revenue in FY26.
• Target 27% in FY27 and 33% by FY30.
• Capex FY26: ₹319 Crore; future capex calibrated to strategy.
• Guidance: double-digit revenue growth and cross ₹15,000 Crore in FY27.