Pidilite Industries Ltd’s wholly owned subsidiary, Pidilite Ventures Pvt. Ltd., has completed the transfer of its entire shareholding in Buildnext Construction Solutions Private Limited to JSW One Platforms Limited. The transaction was executed pursuant to a Share Swap Agreement entered into between the parties, resulting in Pidilite Ventures receiving equity shares of JSW One in exchange. Following the completion of this transfer, Buildnext has ceased to be an associate company of Pidilite Ventures.

The share swap was conducted at a mutually agreed valuation, though specific financial details regarding the valuation and the number of shares exchanged have not been disclosed for confidentiality reasons. The completion of this strategic move marks the exit of Pidilite Ventures from Buildnext Construction Solutions Private Limited.

Transaction Details

The exchange filing submitted on July 1, 2026, confirmed the finalization of the agreement initially intimated to the exchanges on April 29, 2026. The regulatory disclosure was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Pidilite Industries has fixed Thursday, July 23, 2026, as the record date to determine the eligibility of shareholders for the final dividend for the financial year 2025-26. The dividend payment is subject to approval by shareholders at the 57th Annual General Meeting (AGM), scheduled to be held on Tuesday, August 4, 2026, via video conferencing. The company stated that the record date is set in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders must ensure their holdings are credited to their demat accounts by the record date to qualify for the payout.

Meeting and Record Details

The 57th AGM will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM), adhering to circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The record date applies to equity shares listed on both BSE Limited and The National Stock Exchange of India Limited. The purpose of the record date is to determine members entitled to receive the final dividend as may be declared by the members at the AGM.