Marico Limited — Capital/Financing Update 2020

Jun 30, 2020

June 30, 2020

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 Limited, '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

This is further to the intimation filed by the Company on March 17, 2017 informing about the investment by the Company in Zed Lifestyle Private Limited ("the Investee Company") equivalent to 45% of the issued and paid-up share capital of the Investee Company. The Company has now acquired the balance equity stake of 55% in the Investee Company from its existing shareholders.

The required details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed in Annexure I.

Further, pursuant to Regulation 30(8) of the SEBI LODR Regulations the enclosed disclosures will be made available on the Company's website at the below mentioned link:

https://marico.com/india/investors/documentation/shareholder-info

Kindly take the same on record.

Thank you.

Yours faithfully, For Marico Limited HEMANGI YATEEN GHAG Digitally signed by HEMANGI YATEEN GHAG Date: 2020.06.30 18:41:29

+05'30'

Hemangi Ghag Company Secretary & Compliance Officer

Enclosures: A/a

Annexure I

Disclosure under sub-para (1) [i.e. Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Sr.	Particulars
No.
a.	Name of the target entity	:	Zed Lifestyle Private Limited ("Investee Company")
b.	Whether the acquisition wouldfallwithin related party transaction(s) andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterest in the entity being acquired	:	No. The acquisition does not fall within related partytransaction.The promoter/ promoter group/ group companies donot have any interest in the transaction.
c.	Industry to which the entity beingacquired belongs	:	Fast Moving Consumer Goods
d.	Objects and effects of acquisition	:	The investment makesthe Investee Company a whollyowned subsidiary of Marico Limited and gives Marico acomplete control over the operations of the InvesteeCompany.
e.	Brief details of any governmental orregulatory approvals required for theacquisition	:	None
f.	Indicative time period for completionof the acquisition	:	June 30, 2020
g.	Natureofconsideration(cashconsideration or share swap and detailsof the same)	:	All cash
h.	Cost of acquisition or the price at whichthe shares are acquired	:	Acquisition of the equity shares of the InvesteeCompanyisatamutuallyagreedpre-moneyenterprise valuation. The said pre-money enterprisevaluation has not been disclosed herein due to reasonsof confidentiality.
i.	Percentage of shareholding / controlacquired and / or number of sharesacquired	:	Shares acquiredon June 30, 2020: 55% of issued andpaid up capital of Investee Company.Total shareholding of Marico Limited including the
			Present Investment: 100% of the issued and paid upequity share capital of the Investee Company.

Brief background about the entityacquired in terms of products/line ofbusiness acquired,date0fincorporation, history of last 3 yearsturnover, Country in which the acquiredentity has presence	$\therefore$	The Investee Company is a start-up founded by twoyoung entrepreneurs Mr. Ashutosh Valani and Mr.Priyank Shah. It was incorporated on May 5, 2016. TheCompany manufactures and sells male groomingproducts in India under the brand name - "Beardo"Turnover of Investee Company: INR 78,49,85,170(FY19-20); INR 48,24,44,040 (FY 2018-19); INR22,66,35,400 (FY 2017-18).

Marico LimitedRegd Office:Grande PalladiumGrande Palladium175, CST Road, KalinaMumbai 400 096, IndiaTel: (91-22) 8648 0480Fac (91-22) 8650 0159 www.marico.com

CIN: L15140MH1988PLC049208Email: investor@maricoindia.net