Marico Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Bhaskar Bhat as an Independent Director, effective October 1, 2025. The e-voting facility will remain open between August 24 and September 22, 2025.
Marico Limited is a leading consumer goods company headquartered in Mumbai, Maharashtra. Operating in the fast-moving consumer goods (FMCG) sector, Marico is best known for its health, beauty, and wellness products across categories such as edible oils, hair care, skincare, and male grooming. With a strong presence in India and several international markets, the company continues to focus on sustainable business growth and corporate governance.
Postal Ballot Announcement
On August 22, 2025, Marico Limited informed both BSE Limited and National Stock Exchange of India Limited about a postal ballot notice issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot seeks shareholder approval through a special resolution for the appointment of Mr. Bhaskar Bhat (DIN: 00148778) as an Independent Director, effective October 1, 2025.
Also Read: Q1FY26 Volume Growth at 9% Positions Marico as FMCG Outperformer
E-Voting Process
In line with Section 110 of the Companies Act, 2013, relevant rules, and circulars from the Ministry of Corporate Affairs, Marico will conduct the voting exclusively through electronic means. The e-voting facility, managed by Central Depository Services (India) Limited (CDSL), will open on Sunday, August 24, 2025, at 9:00 a.m. (IST) and conclude on Monday, September 22, 2025, at 5:00 p.m. (IST).
Shareholder Participation
The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories as of the cut-off date, August 14, 2025. Investors who have not yet registered their email IDs are encouraged to do so to participate in the e-voting process.
Result Declaration
The outcome of the postal ballot will be announced on or before Wednesday, September 24, 2025, and will also be available on the company’s official website.
For more information, Visit BSE.
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