Marico Limited — Capital/Financing Update 2019

Aug 8, 2019

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August 8, 2019

The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001 Scrip Code: 531642

The Manager, Listing Department, The National Stock Exchange of India Limit• 'Exchange Plaza·, C-1 Block G, Bandra Kurla Complex, Bandra (East) Mumbai• 400051 Scrip Symbol: MARICO

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 {"the SEBI Reulations"}

Further to our letter dated April 13, 2018, intimating investment by Marico Limited ("Marica" or "the Company"} in Revolutionary Fitness Private Limited ("Revofit") by acquiring equity shares upto 22.5% of the post-acquisition paid-up share capital of Revofit, the Company has executed today, i.e. on August 8, 2019, Amendment agreements to the Shareholders Agreement and the Share Subscription Agreement with Revofit for further infusion in the equity share capital of Revofit such that it will eventually hold upto 37% of the post-acquisition paid-up share capital of Revofit. This investment will happen over a period of next one year subject to conditions precedent as set out in the Amendment Agreements.

The details required under Regulation 30 of the SEBI Regulations read with the SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed in Annexure I to this intimation.

Further, pursuant to Regulation 30(8) of the SEBI Regulations, the aforesaid disclosures, which can be accessed using links:

http://marico.com/india/investors/ documentation I shareholder-info

Kindly take the same on record.

Thank you.

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Yours faithfully, For Marica Limited

���· Hemangi Ghag Company Secretary & Compliance Officer

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Enclosures: A/ a

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Annexure I

Disclosure under sub-para (1) (I.e. Acgufsitfon(s) (including agreement to acquire) of Para (Al of Part (Al of Schedule Ill to regulation 30 of the SEBI Regulations

	Sr. No. a. b.	Name of the target entity Whether the acquisition would fall "th' 1td rt t t' (s) W1m re a e payransac 10n and whether the promoter/ Particulars Revolutionary Fitness Prvate Limited ("Revofit") ma es 1 n Yes. Manco k ·t a 1e o aY n us Limited holds22.46%in Revofit whic7 Assoc'at fthe Comp n a d th aJ Related Party. The subscription to the equity shares ofI
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	h. i. Cost of acquisition or the price atI~~:~~Subscription to the equity shares of Revofit will be doneI which the shares are acquired II atamutually agreed pre-money enterprise valuation. Percentage of shareholding / control acquired and / or number of shares acquired The said pre-money enterprise valuation 1s not disclosedI herein due to reasons of confidentialit . Initial Investment: Marico has already invested22.46% of issued and paid up capital of Revofit. Subsequent lnvestment(s): Marico will further invest such that it will hold upto 37% of the post investment issued and paid up equity share capital of Revofit subject to certain conditions precedent as set outinthe Amendment Agreements.

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j I : Brief background about the entity acquired in terms of products/line of business acquired, date of I I[incorporation, history of last 3 years] turnover, Country in which the acquired entity has presence

Revofit was incorporated on December 19, 2014. The Company is engaged in the business of providing customized health and wellness solutions to consumers I and development and sale of ready-to-eat food J website and mobile application and at its physical products, through e-commerce routed through its I locations along with such other sales channels as it may I I adopt from time to time in India I The details of turnover of last 3 years: I FY 17: Rs. 2,31,043 FY 18: Rs. 40,93,314 FY 19: Rs. 2,28,53,834

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