Pidilite Industries has formally announced a comprehensive corporate restructuring involving its subsidiary's investment portfolio through an official regulatory filing. The company's wholly-owned subsidiary, Pidilite Ventures Private Limited (PVPL), has entered into a Share Swap Agreement with JSW One Platforms Limited and BuildNext Construction Solutions Private Limited.

Transaction Structure and Timeline

Under the Share Swap Agreement dated April 28, 2026, PVPL will transfer its entire shareholding in BuildNext to JSW One Platforms. The transaction is scheduled for completion by August 10, 2026, subject to customary conditions and closing deliverables. In consideration for this complete ownership transfer, PVPL will receive equity shares in JSW One at a mutually agreed valuation.

Additional Investment Commitment

As part of the transaction structure, PVPL has committed to making an additional investment in BuildNext not exceeding ₹22 crore through Compulsorily Convertible Preference Shares (CCPS). Upon completion of this investment, PVPL will hold majority shareholding in BuildNext on a fully diluted basis, maintaining strategic control despite the equity transfer.

BuildNext Financial Performance

BuildNext Construction Solutions, operating in home design and project management services since its incorporation in October 2015, has demonstrated consistent revenue growth. The company's financial contribution to Pidilite's consolidated operations remains minimal, representing 0.04% of consolidated revenue.

Strategic Rationale

The transaction represents Pidilite's strategic approach to adjacency business investments while optimizing its corporate structure. The dual mechanism of equity transfer and preference share investment allows PVPL to maintain operational influence in BuildNext while benefiting from the strategic partnership with JSW One Platforms. The deal structure ensures continued exposure to BuildNext's growth potential in the home design and project management sector.

Pidilite Industries Limited has launched a proactive initiative to help shareholders prevent the transfer of their unpaid dividends to the Investor Education and Protection Fund (IEPF). The company published newspaper notices on April 23, 2026, announcing the Second 100 Days Campaign 'Saksham Niveshak' aimed at shareholder engagement and KYC compliance.

Campaign Overview and Timeline

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs (MCA), has initiated the Second 100-Day Campaign 'Saksham Niveshak' running from April 1, 2026 to July 9, 2026. This campaign specifically targets shareholders who have not claimed their dividends or updated their essential documentation.

Shareholder Action Requirements

The campaign encourages shareholders to take immediate action on several key areas to maintain their dividend rights. Shareholders who have not claimed their dividends or face issues related to unclaimed dividends and shares are advised to contact the company's designated channels promptly.

Key areas requiring shareholder attention include:

• KYC (Know Your Customer) details updation
• Bank mandate information
• Nominee details registration
• Contact information updates
• Claiming unpaid or unclaimed dividends

Contact Information and Support

Shareholders requiring assistance can reach out through multiple channels established by the company. The primary contact point is the company's Registrar and Transfer Agent, M/s MUFG Intime India Private Limited.

Regulatory Compliance and Documentation

The company has fulfilled its regulatory obligations by submitting the newspaper publication notices to both BSE Limited and National Stock Exchange of India Limited on April 23, 2026. The communication was signed by Manisha Shetty, Company Secretary, ensuring proper corporate governance compliance.

The notice emphasizes the proactive nature of this campaign, specifically designed to prevent shareholders' assets from being transferred to the Investor Education and Protection Fund Authority. This initiative demonstrates the company's commitment to maintaining strong investor relations and ensuring shareholders retain their rightful claims to dividend payments.

Strategic Importance

This campaign represents a crucial opportunity for shareholders to maintain their investment benefits and avoid the administrative complexities associated with recovering funds from the IEPF. The 100-day timeframe provides adequate opportunity for shareholders to complete necessary documentation and claim procedures, ensuring their continued participation in the company's dividend distribution process.

Source: None/Company/INE318A01026/c32cf7bf7bc545ff.pdf