Pidilite Industries Limited conducted its 57th Annual General Meeting (AGM) through Video Conferencing/Other Audio Visual Means on Tuesday, 4th August, 2026. The meeting commenced at 3:00 PM and concluded at 4:00 PM, deemed to be held at the Registered Office of the Company at Regent Chambers, 7th Floor, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai 400 021.

Meeting Attendance

The meeting was attended by 97 members including:

  • Executive Chairman: Shri M. B. Parekh
  • Non-Executive Vice Chairman: Shri A. B. Parekh
  • Executive Vice Chairman: Shri A. N. Parekh
  • Managing Director: Shri Sudhanshu Vats
  • Joint Managing Director: Shri Kavinder Singh
  • Executive Director–Finance and CFO: Shri Sandeep Batra
  • Director Operations: Shri Swaminathan K
  • Non-Executive Non-Independent Director: Shri Bharat Puri
  • Independent Directors: Shri Rajeev Vasudeva, Shri Murali Sivaraman, Shri Rajeev Gupta, Shri J S Deepak, Smt. Meena Gansh, Dr. Vivek Raghavan, Shri Sandeep Kataria, Dr. Naushad Forbes

Also in attendance were Company Secretary Smt. Manisha Shetty, President–Legal Smt. Ami Parikh, and representatives from statutory auditors (BSR & Co. LLP), secretarial auditors (Parikh & Associates), and cost auditors (V.J. Talati & Co.).

Meeting Proceedings

The Chairman welcomed members and noted this was the seventh consecutive AGM held through virtual means. The Company Secretary confirmed the meeting was conducted in compliance with Companies Act, 2013 provisions and SEBI Listing Regulations.

Remote e-voting was conducted through NSDL from Friday, 31st July, 2026 at 9:00 AM to Monday, 3rd August, 2026 at 5:00 PM, with additional voting available during the AGM until 15 minutes after closure.

Resolutions Passed

All five resolutions from the Notice dated 7th May, 2026 were presented and approved:

Ordinary Business:

1. Adoption of Audited Financial Statements: Approved the audited standalone and consolidated financial statements for the year ended 31st March, 2026.

2. Declaration of Dividend:

  • Confirmed special interim dividend of ₹10 per equity share (₹508.67 crores total) paid for FY2025-26
  • Declared final dividend of ₹11.50 per equity share on 101,77,90,348 equity shares, totaling ₹1,170.46 crores from current year's profit
  • Record date: 23rd July, 2026

3. Re-appointment of Director: Shri A B Parekh (DIN: 00035317) re-appointed as Director liable to retire by rotation

4. Re-appointment of Director: Shri Kavinder Singh (DIN: 06994031) re-appointed as Director liable to retire by rotation

Special Business:

5. Ratification of Cost Auditor Remuneration: Approved remuneration payment to M/s. V J Talati & Co. (Registration No. R00213) for cost audit for financial year ending 31st March, 2027

Voting Results

Based on the Scrutinizer's Report dated 4th August, 2026 by Parikh & Associates:

  • Resolution 1 (Financial Statements): 99.8033% in favor (88,17,99,431 votes for, 17,37,478 against)
  • Resolution 2 (Dividend): 99.9984% in favor (88,36,42,757 votes for, 14,544 against)
  • Resolution 3 (A B Parekh): 97.1192% in favor (85,81,99,285 votes for, 2,54,56,053 against)
  • Resolution 4 (Kavinder Singh): 99.5878% in favor (88,00,12,921 votes for, 36,42,337 against)
  • Resolution 5 (Cost Auditor): 99.8685% in favor (88,24,93,492 votes for, 11,61,938 against)

Additional Information

The Chairman delivered a speech covering business performance, financials, outlook, and Q1 2026-27 performance. Members raised questions regarding company operations and geopolitical impact, which were addressed by the Executive Director Finance & CFO, Managing Director, and Chairman.

The minutes were entered in the minutes book on 19th August, 2026.