BSECompany Update29 Sept 2026 · 29 Sept 2026, 03:54 pm
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015
Pidilite Industries Ltd · 500331
✦ AI SummaryDivestiture
Pidilite Industries Ltd has informed about the transfer of its wholly owned subsidiary M/s. Pidilite Ventures Pvt. Ltd.'s entire shareholding in Finemake Technologies Private Limited to the founders of Finemake at a mutually agreed valuation. Upon completion, Finemake will cease to be an associate company of PVPL.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Pidilite Industries Ltd - 500331 - Intimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
Attachments (1)
📄pdf
Download →
f539b9c9-aebe-4919-94d7-62baad571777.pdf
View document text
29th September 2026
The Secretary The Secretary
BSE Ltd. National Stock Exchange of India Ltd.
Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block,
14th floor, P. J. Tower, Bandra-Kurla Complex,
Dalal Street, Fort Bandra (E),
Mumbai - 400 001 Mumbai - 400 051
Stock Code – 500331 Stock Code - PIDILITIND
Dear Sir,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015, we would like to inform you that our wholly owned subsidiary M/s. Pidilite
Ventures Pvt. Ltd. (“PVPL”) has agreed to transfer its entire shareholding in Finemake
Technologies Private Limited (“Finemake”), an associate company of PVPL, to the founders of
Finemake at a mutually agreed valuation, the details of which have not been disclosed herein for
confidentiality reasons. Upon completion of the transaction Finemake shall cease to be an
associate company of PVPL.
The details as required pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
1/P/CIR/2023/123 dated 13th July 2023 are enclosed as Annexure I.
Thanking You,
Yours faithfully,
For Pidilite Industries Limited
Manisha Shetty
Company Secretary
Regd. Office Pidilite Industries Limited
Regent Chambers, 7th Floor
Corporate Office
Jamnalal Bajaj Marg
Ramkrishna Mandir Road
208 Nariman Point
Andheri - E, Mumbai 400059, India
Mumbai 400 021
T + 91 22 2835 7000
2835 7952 / 2835 7365
F +91 22 2830 4482
www.pidilite.com
ClN:L24100MH1969PLC014336
Annexure I
Sr. No. Particulars Details
a) The amount and percentage of the • The revenue of Finemake for the financial year ended
turnover or revenue or income and 31st March 2026 was Rs. 24.36 Cr. as per the financial
net worth contributed by such unit or statements of Finemake, which contributed 0.06% to
division or undertaking or subsidiary the consolidated revenue of the Company for the same
or associate company of the listed period.
entity during the last financial year.
• The Proft After Tax of Finemake for the financial year
ended 31st March 2026 was Rs. (7.82) Cr.
• The Net Worth of Finemake for the financial year
ended 31st March 2026 was Rs. (6.18) Cr.
b) Date on which the agreement for Not Applicable
sale has been entered into
c) The expected date of completion of 15th October 2026
sale/disposal
d) Consideration received from such Consideration to be received in cash at an agreed
sale/disposal valuation upon completion of the transaction
e) Brief details of buyers and whether Nallu Rajashekar and Sambasiva Rao Chowdary Chana,
any of the buyers belong to the Founders of Finemake; and
promoter/ promoter group/group
companies. If yes, details thereof The buyers do not belong to the promoter/ promoter group/
group companies.
f) Whether the transaction would fall No
within related party transactions? If
yes, whether the same is done at
“arm’s length”
g) Whether the sale, lease or disposal Not Applicable
of the undertaking is outside
Scheme of Arrangement? If yes,
details of the same including
compliance with regulation 37A of
LODR Regulations
h) Additionally, in case of a slump Not Applicable
sale, indicative disclosures
provided for amalgamation/ merger,
shall be disclosed by the listed entity
with respect to such slump sale
*****
Regd. Office Pidilite Industries Limited
Regent Chambers, 7th Floor
Corporate Office
Jamnalal Bajaj Marg
Ramkrishna Mandir Road
208 Nariman Point
Andheri - E, Mumbai 400059, India
Mumbai 400 021
T + 91 22 2835 7000
2835 7952 / 2835 7365
F +91 22 2830 4482
www.pidilite.com
ClN:L24100MH1969PLC014336