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.

Pidilite Industries , India's leading manufacturer of adhesives and construction chemicals, has reported robust financial results for the first quarter of fiscal year 2026, along with announcing a special dividend and bonus share issue to commemorate its founder's 101st birth anniversary.

Strong Financial Performance

For Q1 FY26 ended June 30, 2025, Pidilite Industries posted consolidated revenue growth of 10.60% year-over-year, reaching Rs. 3,753.10 crore. The company's performance was driven by an underlying volume growth (UVG) of 9.90% across categories and geographies.

The Consumer & Bazaar (C&B) segment reported a sequentially improved UVG of 9.30%, while the Business to Business (B2B) segment maintained its strong momentum with a UVG of 12.60%, marking the eighth consecutive quarter of double-digit growth.

Consolidated EBITDA for the quarter increased by 15.80% to Rs. 941.00 crore, with EBITDA margins improving by 101 basis points compared to the same quarter last year. Profit after tax grew by 18.70% to Rs. 678.13 crore.

Segment-wise Performance

Special Dividend and Bonus Issue

To commemorate the 101st birth anniversary of its founder, Shri B.K. Parekh, Pidilite Industries' Board of Directors has declared a special interim dividend of Rs. 10 per equity share for the financial year 2025-26. The record date for this dividend is set for August 13, 2025, with payment scheduled for August 29, 2025.

Additionally, subject to shareholder approval, the company has proposed a bonus issue in the ratio of 1:1, meaning shareholders will receive one bonus equity share for every one share held. The record date for this bonus issue will be announced in due course.

Management Commentary

Sudhanshu Vats, Managing Director of Pidilite Industries, commented on the results, saying, "Despite the challenging macro-economic demand environment, we have delivered strong underlying volume growth and healthy operating margins. As we look ahead, we continue to remain cautiously optimistic as the domestic operating environment improves with good monsoons, steady demand conditions especially in the construction sector, lower interest rates and recent measures to improve liquidity."

Future Outlook

The company remains committed to its strategic agenda of delivering consistent, profitable volume-led growth through investments in brands, supply chain, and people. However, management remains watchful of geopolitical developments and their potential impact on supply chain disruptions and global tariffs.

Pidilite Industries continues to focus on innovation across its C&B and B2B segments, which has positively contributed to the overall revenues. The company is also building a resilient supply chain and investing in upgrading and setting up new manufacturing facilities.

With its strong brand portfolio, including household names like Fevicol, M-Seal, and Dr. Fixit, Pidilite Industries is well-positioned to capitalize on the improving domestic operating environment and steady demand in the construction sector.