Pidilite Industries , a leading manufacturer of adhesives and construction chemicals, has announced the passing of Shri Piyush Pandey, an Independent Director on the company's board. The news was communicated to the stock exchanges on October 24, 2025.

Official Announcement

The company formally notified the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this development through an official communication. Manisha Shetty, the Company Secretary of Pidilite Industries, signed the intimation, which was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Announcement

The official statement from Pidilite Industries read, "With deep regret, we wish to inform you that Shri Piyush Pandey, an Independent Director of the Company, passed away on 24th October 2025."

Impact on Corporate Governance

The passing of an Independent Director is a significant event for any publicly listed company. Independent Directors play a crucial role in maintaining corporate governance standards, providing unbiased opinions, and safeguarding the interests of minority shareholders.

About Pidilite Industries

Pidilite Industries is known for its wide range of products in the adhesives and construction chemicals sector. The company's registered office is located at Regent Chambers, 7th Floor, Jamnalal Bajaj Marg, Nariman Point, Mumbai.

Recent Corporate Developments

On the same day as this unfortunate announcement, Pidilite Industries also disclosed another corporate development. The company received an Environmental, Social, and Governance (ESG) Score of 73.00 (Adjusted) from CFC Finlease Private Limited. This score was based on the company's Financial Year 2024-25 disclosures and other publicly available data.

As the company navigates through this period of loss, stakeholders will be keenly watching how Pidilite Industries addresses the vacancy on its board and continues to maintain its corporate governance standards.

Pidilite Industries , a leading adhesives manufacturer, has announced plans to invest up to ₹34 crore in Imagimake Play Solutions Private Limited, a company specializing in educational toys and games. This strategic move aims to strengthen Pidilite's presence in adjacent business sectors.

Investment Details

The investment will be made through Pidilite Ventures Pvt. Ltd. (PVPL), a wholly-owned subsidiary of Pidilite Industries. The transaction involves:

• Subscribing to Compulsorily Convertible Preference Shares (CCPS)
• Acquiring equity shares from certain existing shareholders of Imagimake

Upon completion, Pidilite's aggregate shareholding in Imagimake is expected to not exceed 26.15% on a fully diluted basis.

About Imagimake Play Solutions

Imagimake Play Solutions is a young and growing company in the educational toys and games sector. Here are some key details about the company:

Investment Rationale

Pidilite Industries' decision to invest in Imagimake Play Solutions aligns with its strategy to explore and invest in adjacent business areas. The educational toys and games sector represents a complementary market to Pidilite's core adhesives business, potentially offering synergies in product development and distribution.

Transaction Details

• The investment is not classified as a related party transaction.
• The deal is expected to be completed on October 17, 2025.
• The investment will be made in cash at a mutually agreed pre-money enterprise valuation.
• No governmental or regulatory approvals are required for this acquisition.

This strategic investment by Pidilite Industries in Imagimake Play Solutions demonstrates the company's commitment to diversifying its portfolio and tapping into the growing educational toys and games market. As Imagimake continues to show strong growth in its turnover year-on-year, this partnership could potentially accelerate its expansion while providing Pidilite with a foothold in a promising adjacent sector.