Do the class 12 marks matter a lot for a job placement in engineering companies?

From the school days itself, the teachers, mentors and parents remind the students of how 12th board exams are the career building steps for their future. No doubt the 12th results form an important part of an individual's resume/CV and act as an index of a student’s academic performance. If any student plans to pursue higher studies from the best engineering college in Uttarakhand or even from abroad then a lot of them have allowed a separate section to consider the marks achieved in 12th grade. These marks play an important role as the companies heavily rely on them while granting admission to the students. Do the class 12 marks matter a lot for a job placement in engineering companies?