Pidilite Industries Limited has made a disclosure to BSE Ltd and National Stock Exchange of India Ltd under Regulation 30 of the SEBI Listing Regulations.
Subsidiary Details
NPBPL is a wholly-owned step-down subsidiary of Pidilite Industries Limited in Bangladesh, with 99% of share capital held by Nina Percept Pvt Ltd and 1% held by Pidilite Speciality Chemicals Bangladesh Pvt Ltd.
Liquidation Details
In terms of the Order and relevant local laws, NPBPL has been voluntarily liquidated with effect from August 19, 2026. The subsidiary has been inoperative since incorporation due to lack of business opportunities.
Financial Impact
As per the Annexure I disclosure required under Regulation 30:
- As of 31st March 2026, NPBPL had:
- Turnover: Nil
- Income/(Loss): BDT (7,01,654) [approximately ₹7.01 lakh]
- Net worth: BDT 30,13,824 [approximately ₹30.13 lakh]
- No consideration was received from the liquidation
- The transaction does not qualify as related party transactions
- The disposal is outside any Scheme of Arrangement
Additional Information
The disclosure was signed by Manisha Shetty, Company Secretary of Pidilite Industries Limited, and submitted to both stock exchanges on September 3, 2026.