Pidilite Industries Limited, a leading manufacturer of adhesives and construction chemicals, has announced a significant corporate action that is set to benefit its shareholders. The company has declared a bonus share issue and has fixed the record date for determining eligible shareholders.

Bonus Share Details

Pidilite Industries has approved a bonus share issue in the ratio of 1:1, meaning shareholders will receive one additional equity share for every existing share they hold. This move effectively doubles the number of shares held by each shareholder without impacting their overall stake in the company.

Record Date

The company has set Tuesday, September 23, 2025, as the record date for the bonus issue. Shareholders whose names appear in the company's records on this date will be eligible to receive the bonus shares.

Shareholder Approval

The bonus share issuance received shareholder approval on September 12, 2025, demonstrating strong support for the company's decision to reward its investors.

Regulatory Disclosure

In compliance with regulatory requirements, Pidilite Industries has informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this corporate action. The company's Company Secretary, Manisha Shetty, signed the official intimation to the stock exchanges on September 16, 2025.

Impact on Shareholders

This bonus issue is likely to be viewed positively by shareholders, as it increases their shareholding without any additional cost. While the bonus issue doesn't directly impact the company's fundamentals, it often leads to increased liquidity in the stock and can be seen as a sign of the company's confidence in its future prospects.

Next Steps

Shareholders of Pidilite Industries do not need to take any action to receive the bonus shares. The company will automatically credit the additional shares to eligible shareholders' demat accounts after the record date.

Investors and market participants will be closely watching Pidilite Industries' stock performance in the coming days, as bonus issues often generate increased interest in a company's shares.

Pidilite Industries , a leading adhesives manufacturer, has announced that its shareholders have approved three significant resolutions through a postal ballot voting process. The voting, which concluded on September 11, 2025, saw strong support for all proposed measures, signaling confidence in the company's strategic decisions.

Independent Director Appointment

Shareholders overwhelmingly approved the appointment of Sandeep Kataria (DIN: 05183714) as an Independent Director of the company. The special resolution received 99.84% votes in favor, with 405,225,447 shares voting for the appointment and only 643,307 against it.

Increase in Authorized Share Capital

The company's proposal to increase its authorized share capital received significant backing from shareholders. The ordinary resolution, which sought to raise the authorized share capital to Rs. 125.00 crores divided into 125 crore equity shares of Re. 1 each, was approved with 97.76% of votes cast in favor. This increase will be reflected in the amended Clause V of the company's Memorandum of Association.

Bonus Share Issuance

Perhaps the most anticipated resolution was the approval for the issuance of bonus equity shares to members of the company. This ordinary resolution garnered 97.81% approval from voting shareholders, with 397,000,423 shares voting in favor and 8,870,547 against.

Voting Process and Participation

The postal ballot process, conducted entirely through electronic voting, saw participation from a significant portion of Pidilite's shareholder base. Out of the company's 5,21,421 shareholders as of the August 8, 2025 cut-off date, the resolutions received votes representing approximately 79.79% of the total share capital.

The voting period ran from August 13 to September 11, 2025, with results announced on September 12, 2025. Mitesh Dhabliwala, Partner at Parikh & Associates, Practising Company Secretaries, served as the scrutinizer for the postal ballot process, which was conducted through NSDL's e-voting platform.

Shareholder Category Breakdown

The voting results revealed strong support across different shareholder categories:

This breakdown shows unanimous support from the promoter group and significant backing from both institutional and non-institutional public shareholders.

The approval of these resolutions paves the way for Pidilite Industries to strengthen its board with a new independent director, increase its capital base, and reward its shareholders through a bonus share issuance. These moves are likely to support the company's growth strategies and enhance shareholder value in the coming periods.