Pidilite Industries Ltd

Transaction overview

• PVPL to transfer all Finemake shares to its founders at agreed valuation; Finemake to cease as associate.
• Completion expected by 15 October 2026.
• Cash consideration to be received at completion.
• FY2026 Finemake revenue Rs 24.36 Cr, 0.06% of PVIL consolidated revenue.
• FY2026 PAT Rs (7.82) Cr; net worth Rs (6.18) Cr.
• Founders: Nallu Rajashekar and Sambasiva Rao Chowdary Chana; buyers not promoter group.
• Not a related party transaction.
• Not outside Scheme of Arrangement.
• Not applicable for slump sale.

Partnership overview

• Pidilite enters strategic partnership with Hwaseung Chemical to bring advanced footwear adhesives to India.
• Collaboration will introduce globally benchmarked adhesive systems to India's footwear manufacturing ecosystem.
• Adhesives will comply with REACH, SVHC, Prop 65, U.S. Clean Air Act, ISO 14001 and RoHS.
• Management comments stress strengthening India's footwear ecosystem and combining global innovation with local expertise.

Pidilite Industries Limited – Trading window closed from 30 September 2026 till 48 hours after the declaration of the unaudited quarterly financial statements for the quarter ended 30 September 2026 (both days inclusive).

Capital / Securities

• ESOP-2016: 6,57,480 shares allotted at par; 3,000 shares at Rs 1195.38 to exercising employees.
• Post-allotment share capital increased to 1,018,540,168 from 1,017,879,688.

Meeting Details

• 23 Sep 2026, 10:00–11:00, J.P. Morgan India Consumption Forum, Mumbai; physical group meeting.
• 23 Sep 2026, 17:00–18:00, ENAM AMC, Mumbai; virtual single-institution meeting.
• 28 Sep 2026, 14:30–15:30, Girik Capital, Mumbai; virtual single-institution meeting.
• 28 Sep 2026, 16:30–17:30, Axis Mutual Fund, Mumbai; physical single-institution meeting.

Participants

• Company Secretary coordinating investor meetings.

Purpose

• Intimation of scheduled analyst/institutional investor meetings.

Additional Notes

• Dates are subject to change.

NPBPL winding up

• Order issued for voluntary winding up of Nina Percept (Bangladesh) Private Limited.
• Winding up effective August 19, 2026; NPBPL has been inoperative since inception.
• NPBPL is wholly-owned subsidiary: 99% Nina Percept Pvt Ltd and 1% Pidilite Speciality Chemicals Bangladesh.
• As of 31 Mar 2026, turnover Nil, net worth BDT 30,13,824, income/(loss) BDT (7,01,654).

Meeting Details

• Date/time: 08 Sep 2026, 01:00–02:00 PM; Meeting with Aberdeen Asset Management; Venue: Mumbai; Mode: Physical; Schedule: Single Institution
• Purpose: Analyst/Institutional Investor Meeting under SEBI LODR regulations

Regulatory Update

• Order-in-Original dated 31 August 2026 imposes Rs. 10,42,207 penalty for FY 2020-21.
• The order is appealable; the company is reviewing next steps.
• There is no material impact on financials or operations.
• Assessment to exercise appeal rights as permitted; information hosted on pidilite.com.

CIDO resignation

• Resignation letter dated 24 August 2026 by Vivek Sharma, Chief Information and Digital Officer.
• Last working day set as 31 October 2026.