Vote against reappointment of Harsh Mariwala: SES to Marico's shareholders

Seeks approval for revision in remuneration payable to Marico's cost auditors

Stakeholders Empowerment Services (SES) has advised shareholders of Marico to vote against the resolution of reappointment of Harsh Mariwala as director, liable to retire by rotation, and the ratification of remuneration payable to cost auditors.

SES has advised shareholders to vote in favour of the resolution of adoption of standalone and consolidated financial statements, confirmation of interim dividend already paid, reappointment of BSR & Co. LLP as statutory auditors of the company, and approval for revision in remuneration payable to Saugata Gupta, managing director and chief executive officer, Marico. 

It said in its report that Mariwala, non-executive promoter chairman,