Marico has announced the approval of a voluntary liquidation process for its wholly owned subsidiary, Zed Lifestyle Private Limited. The decision was made following meetings held on 1 April 2026 by the board of directors and shareholders of Zed, who have given their consent for the liquidation, subject to the approval of creditors and other statutory and regulatory bodies.
The restructuring involves the integration of Zed’s business into Marico by distributing its entire business undertaking to the parent company on a going concern basis. This move is part of an intra-group restructuring strategy initially communicated in a letter dated 27 January 2026.
The commencement of the liquidation process is contingent upon receiving the necessary approvals from Zed’s creditors. Once these consents are obtained, the liquidation will be considered to have started on 1 April 2026.
Further details about this restructuring can be found in Marico’s earlier disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by the SEBI Master Circular.
This announcement is also available on Marico’s official website for shareholders and investors.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).