Date: 29th September 2026
Disinvestment / Strategic Actions
Pidilite Industries Limited's wholly owned subsidiary, M/s. Pidilite Ventures Pvt. Ltd. (PVPL), has agreed to transfer its entire shareholding in its associate company, Finemake Technologies Private Limited (Finemake), to the founders of Finemake.
The buyers are Nallu Rajashekar and Sambasiva Rao Chowdary Chana, the founders of Finemake. They do not belong to the promoter/promoter group/group companies of Pidilite Industries Limited.
The transaction is not a related party transaction.
The consideration will be received in cash at a mutually agreed valuation, the details of which were not disclosed for confidentiality reasons.
The expected date of completion for the sale is 15th October 2026. Upon completion, Finemake will cease to be an associate company of PVPL.
Financial Impact of the Transaction
As per the financial statements of Finemake for the financial year ended 31st March 2026:
- Revenue: ₹24.36 Crore. This contributed 0.06% to the consolidated revenue of Pidilite Industries Limited for the same period.
- Profit After Tax: ₹(7.82) Crore (a loss).
- Net Worth: ₹(6.18) Crore (negative).