Nature of Disclosure: Management change disclosure regarding director retirement and committee reshuffling.

Key Details:

  • Mr. Milind Barve informed the company via letter dated July 1, 2026 that he will not seek re-appointment upon completion of his current term due to persistent health issues and need to focus on recovery.
  • His retirement is effective from the end of day on August 1, 2026.
  • Consequently, Mr. Barve ceases to be: Lead Independent Director, Chairman of the Audit Committee, Chairman of the Risk Management Committee, Chairman of the Stakeholders Relationship Committee, and Member of Corporate Social Responsibility Committee.

Board Actions:

The Board of Directors passed a resolution on July 1, 2026 noting and approving:

  • Retirement of Mr. Milind Barve effective August 1, 2026
  • Appointment of Mr. Girish Paranjpe (DIN: 02172725), Independent Director, as Chairman of the Audit Committee and Risk Management Committee effective August 2, 2026
  • Appointment of Ms. Apurva Purohit (DIN: 00190097), Independent Director, as Chairperson of the Stakeholders Relationship Committee effective August 2, 2026

Regulatory Compliance:

Disclosure made under Regulation 30 of SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 (as amended).

Annexure I Details:

  • Reason for Change: Retirement upon completion of first term
  • Date of Cessation: With effect from the end of day on August 1, 2026
  • Brief profile and relationships between directors: Not Applicable

The disclosure is available on the company's website at https://marico.com/india/investors/shareholder/stock-exchange.

Financial Impact: No financial impact quantified in the disclosure.