Marico Appoints Girish Paranjpe as Independent Director

Marico Limited's Board of Directors has approved the appointment of Girish Paranjpe as an Additional Director, serving in the capacity of Independent Director. The appointment is scheduled to begin on June 1, 2026, and will run for a term of five years, concluding on May 31, 2031. This strategic move, recommended by the Nomination and Remuneration Committee, is pending approval from Marico's shareholders, who will cast their votes via a postal ballot.

Mr. Paranjpe brings a wealth of experience, with over 35 years in the corporate sector. His background includes significant leadership positions at Wipro, where he held roles such as Chief Financial Officer and President of the Eco Energy division. Currently, he serves on the boards of Mphasis and Axis Bank, demonstrating his ongoing commitment to corporate governance. Marico anticipates that his insights will bring valuable perspectives and strengthen the oversight of its board.

The company is recognized for its dedication to strong corporate governance, emphasizing ethical conduct and transparency. Mr. Paranjpe's appointment is expected to further bolster this framework by enhancing the board's independent viewpoints through his varied experience.

This development aligns with practices seen in the broader Indian FMCG sector. Major companies like Hindustan Unilever and ITC Ltd similarly prioritize well-structured boards with multiple independent directors to ensure diverse oversight and adherence to governance standards.

The key next step for Marico is securing shareholder approval for Mr. Paranjpe's appointment. Stakeholders will be tracking the timeline for the postal ballot process and the announcement of the voting results.