Marico, one of India's leading consumer products companies, announced that the corporate governance committee of the board of directors of the company has vide a resolution passed through circulation on January 05, 2015 notified Scheme I under the Marico MD CEO ESOP Plan 2014 and approved the grant of 46,600 stock options to Saugata Gupta, managing director & CEO under the said scheme.

These stock options constitute 0.007% of the paid up equity share capital of the company as on date.

Shares of the company gained Rs 5.55, or 1.71%, to trade at Rs 330.50. The total volume of shares traded was 9,593 at the BSE (11.37 a.m., Tuesday).