The board of directors at Pidilite Industries has approved the issuance of bonus equity shares to its members and appointed Sandeep Kataria as an Independent Director. These decisions were made based on the results of a postal ballot, which concluded on September 11, 2025.
The key outcomes from the board meeting include:
The resolutions were passed with the requisite majority by the shareholders. The voting was conducted via postal ballot, and the results were announced on September 12, 2025. The total number of shareholders as of the record date (August 8, 2025) was 5,21,421.
The resolution for the appointment of Shri Sandeep Kataria as an Independent Director was approved with significant support from the shareholders.
| Category | No. of Shares Held | No. of Votes Polled | % of Votes in Favor | % of Votes Against |
|---|---|---|---|---|
| Promoter and Promoter Group | 352796179 | 308468941 | 100.0000 | 0.0000 |
| Public Institutions | 108236451 | 96831713 | 99.3524 | 0.6476 |
| Public Non Institutions | 47636455 | 568100 | 97.1373 | 2.8627 |
| Total | 508669085 | 405868754 | 99.8415 | 0.1585 |
The resolution to increase the authorized share capital and alter the Capital Clause of the Memorandum of Association was also approved. The Authorised Share Capital of the Company is ₹125 Crores divided into 1,25,00,00,000 Equity Shares of Re.1 each.
| Category | No. of Shares Held | No. of Votes Polled | % of Votes in Favor | % of Votes Against |
|---|---|---|---|---|
| Promoter and Promoter Group | 352796179 | 308468941 | 100.0000 | 0.0000 |
| Public Institutions | 108236451 | 96831713 | 90.6192 | 9.3808 |
| Public Non Institutions | 47636455 | 569595 | 99.3497 | 0.6503 |
| Total | 508669085 | 405870249 | 97.7610 | 2.2390 |
The resolution for the approval of issuance of bonus equity shares to the members of the company was duly passed.
| Category | No. of Shares Held | No. of Votes Polled | % of Votes in Favor | % of Votes Against |
|---|---|---|---|---|
| Promoter and Promoter Group | 352796179 | 308468941 | 100.0000 | 0.0000 |
| Public Institutions | 108236451 | 96831713 | 90.8433 | 9.1567 |
| Public Non Institutions | 47636455 | 570316 | 99.3042 | 0.6958 |
| Total | 508669085 | 405870970 | 97.8144 | 2.1856 |
Manisha Shetty, the Company Secretary, has announced that detailed results and the Scrutinizer's Report are available on the company's website and the National Securities Depository Limited's website.
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