Marico allotted equity shares to employees in the form of stock options

Marico Ltd said the Securities Issue Committee of the company’s board of directors has allotted 94,100 equity shares of face value of one rupee each through a resolution passed on December 14, 2023. The company announced through an exchange filing that eligible grantees under the various plans of ESOP 2016 will be awarded 1 each under the exercise of stock options. The face value of each equity share is Re 1.

With this allotment, the paid-up share capital of the company has increased to Rs 1,29,37,39,508 from 1,29,37,39,508 equity shares of Rs 1 each. 1 each, totaling Rs 1,29,38,33,608.

All equity shares of the Company allotted pursuant to the exercise of stock options will be ranked at par with the existing equity shares of the Company.

Shares of Marico Limited

At 11:23 am IST on Monday, shares of Marico Limited were trading at Rs 542.20, up 0.44 per cent.