Marico Limited has announced an intra-group restructuring aimed at integrating its wholly-owned subsidiary, Zed Lifestyle Private Limited, which operates the "Beardo" brand, into the Company. This strategic move is designed to enhance Marico's digital-first strategy, foster operational synergies, enable efficient resource allocation, and simplify its corporate structure. The restructuring will be executed through the voluntary liquidation of Zed Lifestyle, with its entire business undertaking being distributed to Marico Limited on a going concern basis. This plan has received in-principle approval from Zed's board of directors and approval from Marico's Board of Directors on January 27, 2026. Further approvals are required from Zed's board, shareholders, creditors, and relevant statutory/regulatory bodies. Zed Lifestyle is not considered a material subsidiary, and the liquidation is not expected to have a significant impact on Marico's consolidated financials. In the last financial year, Zed contributed ₹214.17 crore (1.98%) to Marico's consolidated turnover and had a net worth of ₹18.61 crore (0.39%). The completion of the voluntary liquidation and distribution of the business undertaking is contingent upon obtaining necessary approvals from Zed's shareholders and creditors, with the process commencing upon shareholder consent. Upon completion, Zed will be dissolved under the order of the National Company Law Tribunal (NCLT). There will be no change in Marico's shareholding pattern as a result of this restructuring.
