Key Quantitative Figures

  • Total votes polled: 1,17,34,45,643 (90.3830% of outstanding shares)
  • Votes in favor: 1,16,01,20,805 (98.8645% of votes polled)
  • Votes against: 1,33,24,838 (1.1355% of votes polled)

Dates of Action

  • Board meeting approving postal ballot: May 5, 2026
  • Newspaper advertisement published: May 14, 2026
  • Remote e-voting period: May 15, 2026 (9:00 AM IST) to June 13, 2026 (5:00 PM IST)
  • Cut-off date for eligibility: May 8, 2026
  • Results declared: June 15, 2026
  • Minutes recorded: July 6, 2026
  • Appointment effective: June 1, 2026 to May 31, 2031 (5-year term)

Parties Involved

  • Appointee: Mr. Girish Paranjpe (DIN: 02172725) as Independent Director
  • Scrutinizer: M/s. Makarand M. Joshi & Co., Practising Company Secretaries (Primary: Mr. Makarand M. Joshi, Membership No: 5533; Alternate: Mrs. Kumudini Bhalerao, Membership No: 6667)
  • E-voting service provider: Central Depositories Services (India) Limited (CDSL)
  • Authorized personnel: Mr. Harsh Mariwala (Chairman) authorized Mr. Vinay M A (Company Secretary & Compliance Officer) to receive and countersign Scrutinizer's Report

Appointment Details

Mr. Girish Paranjpe is appointed as Independent Director for a term of 5 consecutive years from June 1, 2026 to May 31, 2031. The appointment is not liable to retire by rotation. Remuneration will be determined by the Board from time to time within the overall limits under the Act. The appointment was recommended by the Nomination and Remuneration Committee and the Board of Directors.

Voting Process Details

  • The postal ballot notice with explanatory statement was sent to members on May 13, 2026
  • Only members holding shares as on cut-off date (May 8, 2026) were eligible to vote
  • Voting was conducted exclusively through remote e-voting system
  • The register was maintained electronically to record assent or dissent
  • No shares with differential voting rights in the company
  • Votes from 'Unclaimed Suspense Account' and 'Investor Education and Protection Fund' were frozen
  • No invalid votes or abstained votes were recorded

Result Declaration

The special resolution was declared passed with requisite majority on June 13, 2026. The Scrutinizer's Report was submitted on June 15, 2026, and the results were announced the same day.

#Tags: #Marico #IndependentDirector #SEBIDisclosure #CorporateGovernance #PostalBallot