We refer to our letter dated July 26, 2023 informing that Marico Limited ( Company ) has entered into definitive agreements to acquire upto 58% of the paid-up share capital of Satiya Nutraceuticals Private Limited ( Satiya Nutraceuticals ) on a fully diluted basis, the company which owns the brand The Plant Fix - Plix . Pursuant to the same, the Company had acquired 32.75% stake on a fully diluted basis and requisite majority control over the Board composition/total voting rights of Satiya Nutraceuticals, thereby making it a subsidiary of the Company. The acquisition of remaining stake of 25.25% on a fully diluted basis will be completed in tranches by May 2025, subject to terms and conditions of the definitive agreements.Pursuant to the aforesaid, the Company has now acquired the next tranche of 16.45% stake of Satiya Nutraceuticals on a fully diluted basis from existing investors. Further, the Company has acquired an additional stake of 2% from the Founders/Directors of Satiya Nutraceuticals on a fully diluted basis. Consequently, the Company s stake in Satiya Nutraceuticals has increased by 18.45% from 32.75% to 51. 20% on a fully diluted basis.