Pidilite Industries Limited has successfully completed a postal ballot process for the appointment of Dr. Naushad Forbes as an Independent Director. The special resolution was approved by shareholders with an overwhelming majority on 12th March, 2026, demonstrating strong shareholder confidence in the appointment.

Board Approval and Process Initiation

The Board of Directors approved the proposal to conduct the postal ballot at its meeting held on 21st January, 2026. The process was conducted through remote e-voting in compliance with Sections 108 and 110 of the Companies Act, 2013, along with the Companies (Management and Administration) Rules, 2014, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointment Details

Dr. Forbes was initially appointed as an Additional Director (Independent) by the Board of Directors with effect from 21st January, 2026. He has submitted a declaration confirming that he meets the criteria of independence as provided under Section 149(6) of the Companies Act and Regulation 16(1)(b) of the Listing Regulations.

Postal Ballot Process and Timeline

The Company appointed practicing company secretaries as scrutineers, with Shri P N Parikh as the primary scrutineer, followed by Shri Mitesh Dhabliwala and Smt. Sarvari Shah as alternates. National Securities Depository Limited (NSDL) provided the remote e-voting facility to members.

Key dates in the postal ballot process:

• Notice Date: 9th February, 2026
• Notice Circulation: 10th February, 2026
• Newspaper Advertisement: 11th February, 2026
• E-voting Commencement: 11th February, 2026 at 9.00 a.m. (IST)
• E-voting End: 12th March, 2026 at 5.00 p.m. (IST)
• Cut-off Date: 30th January, 2026

Voting Results

The postal ballot results demonstrated strong shareholder support for the appointment:

The scrutineer's report dated 13th March, 2026 confirmed that the resolution was passed with the requisite majority. Only members holding shares as on the cut-off date of 30th January, 2026 were entitled to vote on the resolution.

Regulatory Compliance

The postal ballot process was conducted in full compliance with regulatory requirements, including MCA Circulars No.14/2020, No.17/2020, and General Circular No.3/2025. The Company maintained electronic registers in accordance with the Act to record shareholder responses. Notice circulation was completed via electronic mode to members whose email addresses were registered with the Company, Depository Participant, or Registrar and Share Transfer Agent.

Pidilite Industries Limited has disclosed receiving GST penalty orders from tax authorities in Andhra Pradesh, totaling ₹1,20,98,209 across multiple financial years. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Penalty Details

The penalty orders were issued by the Assistant Commissioner (ST), Atchuthapuram Circle, Visakhapatnam II, Andhra Pradesh, under applicable provisions of the Central Goods and Services Tax Act. The orders were dated 24th March, 2026 and received on the GST Portal on the same date.

Company's Response and Next Steps

Pidilite Industries has confirmed that the orders are appealable and the company is currently reviewing them to evaluate the next course of action. The company has stated its intention to assess and exercise its right to appeal to the highest authority as permitted under law.

Key aspects of the company's response include:

• Review of the penalty orders is underway
• Evaluation of next steps in the matter
• Assessment of appeal options to the highest authority
• No material impact expected on company operations

Impact Assessment

The company has clarified that there is no material impact on its financials, operations or other activities due to these penalty orders. This disclosure has been made available on the company's website at www.pidilite.com for stakeholder information.

The disclosure was signed by Company Secretary Manisha Shetty and communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.