NSEAcquisition3d ago · 6 Nov 2026, 05:20 pm

Acquisition

Marico Limited · MARICO

✦ AI Summary▲ PositiveM&A

Marico Limited has entered into a strategic venture with the founders of Bonorizon Consumer Ventures Private Limited to strengthen its international growth strategy. The company will acquire 51% of Bonorizon's equity share capital and voting rights through primary subscription.

Analysis Scores

Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment9/10

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Full Announcement

Please find attached an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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marico_06112026171755_SEIntimation.pdf

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November 6, 2026 The Secretary, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, 'Exchange Plaza', C-1 Block G, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai – 400001 Mumbai – 400051 Scrip Code: 531642 Scrip Symbol: MARICO Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) This is to inform you that Marico Limited (“Marico” or “Company”) has entered into definitive agreements for a strategic venture with the founders of Bonorizon Consumer Ventures Private Limited (“Bonorizon”) to strengthen the Company’s international growth strategy by leveraging capabilities and pursuing growth opportunities across global markets. As part of the venture, the Company will acquire 51% of Bonorizon’s equity share capital and voting rights through primary subscription, subject to the terms and conditions of the definitive agreements. Disclosure under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended) is enclosed as Annexure. This intimation is also being made available on the Company’s website at: https://marico.com/india/investors/shareholder/stock-exchange Kindly take the same on record. Yours faithfully, For Marico Limited Vinay M A Company Secretary & Head - Legal Operations Encl.: As above Annexure Disclosure under sub-para (1) [i.e. Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sl. No. Particulars Description 1. Name and details of the target entity Bonorizon Consumer Ventures Private Limited (“Bonorizon”) and its wholly owned subsidiary Bonorizon Consumer Ventures LLC. 2. Whether the acquisition would fall within The acquisition does not fall within related party transaction. related party transaction(s) and whether the promoter/ promoter group/group companies The Promoter/Promoter Group of the Company do not have any have any interest in the entity being acquired interest in the transaction. 3. Industry to which the entity being acquired FMCG and Consumer products belongs 4. Objects and impact of acquisition The venture is in alignment with Marico’s global business strategy to accelerate digital growth engine in international markets and steadily evolve into a well-rounded Indian multinational FMCG enterprise. 5. Brief details of any governmental or regulatory None approvals required for the acquisition 6. Indicative time period for completion of the The transaction is expected to be completed within 90 days from the transaction date of signing definitive agreements, subject to customary closing conditions. 7. Nature of consideration (cash consideration or Cash share swap and details of the same) 8. Cost of acquisition or the price at which the Aggregate consideration of up to Rs. 35 Crores towards acquisition shares are acquired of 51% of Bonorizon’s equity share capital and voting rights. 9. Percentage of shareholding/control acquired Acquisition of 51% of Bonorizon’s equity share capital and voting and/or number of shares acquired rights, subject to customary closing conditions. Additionally, the Company has the right to acquire the remaining equity share capital and voting rights in Bonorizon after completion of 3 years of the date of signing definitive agreements at a consideration to be determined at such time, subject to achievement of certain milestones, requisite approvals and terms and conditions under the definitive agreements. 10. Brief background about the entity acquired in Bonorizon Consumer Ventures Private Limited was incorporated terms of products/line of business acquired, under the Companies Act, 2013 on October 22, 2026 to carry on inter- date of incorporation, history of last 3 years alia business of FMCG and Consumer products and is headquartered turnover, Country in which the acquired entity at Mumbai, India. Turnover: Not Applicable. has presence.