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

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 February 17, 2021, has issued and allotted 22,590 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016, to the eligible grantees, pursuant to exercise of stock options granted thereunder.<BR> <BR> 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 & III 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. <BR> <BR> Kindly take the above on record and oblige.