Marico Limited is reshaping its board and governance lineup as it navigates a leadership transition. Independent Director Milind Barve has informed the company that, due to persistent health issues and a need to focus on recovery, he will not seek re-appointment after his current term and will retire as an Independent Director at the end of August 1, 2026. In addition to stepping away from the board, Barve will cease to serve as Lead Independent Director and will also relinquish chairmanships of the Audit Committee, the Risk Management Committee, and the Stakeholders Relationship Committee, as well as his membership on the Corporate Social Responsibility Committee. The board has expressed deep appreciation for his years of service and contributions to Marico.
To fill the governance roles, Marico has appointed Girish Paranjpe as Independent Director, with effect from August 2, 2026, and designated him as Chairman of both the Audit Committee and the Risk Management Committee. Separately, Apurva Purohit has been appointed as Independent Director and will chair the Stakeholders Relationship Committee starting August 2, 2026. These changes are set to ensure continuity in oversight and governance as the company progresses on its strategic agenda.
The announcements underscore Marico’s commitment to a smooth leadership transition and ongoing boardroom stability. With experienced independents taking on committee leadership duties, the company aims to maintain robust governance while it continues to execute its growth plans across markets and categories.