Close
  • About Us
  • Careers
  • Downloads
  • Refer & Earn
  • Contact Us
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c
  • SENSEX Mar 31 2023 12:00
    58,991.52 +1,031.43 ( +1.78%)
  • NIFTY Mar 31 2023 12:00
    17,359.75 +279.05 ( +1.63%)
  • SENSEX Mar 31 2023 12:00
    58,991.52 +1,031.43 ( +1.78%)
  • NIFTY Mar 31 2023 12:00
    17,359.75 +279.05 ( +1.63%)
  • Nasdaq Apr 01 2023 04:30
    12,221.91 +208.44 ( +1.74%)
  • DJIA Apr 01 2023 04:30
    33,274.15 +415.12 ( +1.26%)
  • S&P 500 Apr 01 2023 04:30
    4,109.31 +58.48 ( +1.44%)
  • Hang Seng Mar 31 2023 02:10
    20,400.11 +90.98 ( +0.45%)
  • Crude Oil Mar 31 2023 11:30
    6,195.00 +102.00 ( +1.67%)
  • Gold Mar 31 2023 11:27
    59,371.00 +55.00 ( +0.09%)
  • Silver Mar 31 2023 11:29
    72,205.00 +431.00 ( +0.60%)
  • Copper Mar 31 2023 11:29
    779.30 -0.25 (-0.03%)
  • Pound / Rupee Dec 23 2016 22:30
    101.37 +0.06 ( +0.06%)
  • Dollar / Rupee Dec 23 2016 22:30
    82.26 +0.04 ( +0.04%)
  • Euro / Rupee Dec 23 2016 22:30
    89.18 +0.15 ( +0.17%)
  • Yen / Rupee Dec 23 2016 22:30
    0.62 -0.01 (-0.95%)

Pidilite Industries Ltd

BSE Code : 500331 | NSE Symbol : PIDILITIND | ISIN:INE318A01026| SECTOR : Chemicals |

NSE BSE
 
SMC up arrow

2,353.00

37.80 (1.63%) Volume 521107

31-Mar-2023 EOD

Prev. Close

2,315.20

Open Price

2,324.95

Bid Price (QTY)

2,353.00(29)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 2,368.00 - 2,313.00

52 wk High/Low 2,918.95 - 1,988.55

Key Stats

MARKET CAP (RS CR) 119647.01
P/E 98.2
BOOK VALUE (RS) 128.1193976
DIV (%) 1000
MARKET LOT 1
EPS (TTM) 23.97
PRICE/BOOK 18.3719252829206
DIV YIELD.(%) 0.42
FACE VALUE (RS) 1
DELIVERABLES (%) 47.58
4

News & Announcements

23-Mar-2023

Pidilite Industries Ltd - Pidilite Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

23-Mar-2023

Pidilite Industries Ltd - Pidilite Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

22-Mar-2023

Pidilite Industries Ltd - Analysts/Institutional Investor Meet/Con. Call Updates

22-Mar-2023

Pidilite Industries Ltd - Pidilite Industries Limited - Updates

05-Jan-2023

Pidilite Industries to discuss results

03-Jan-2023

Board of Pidilite Industries allots 3480 equity shares under ESOP

06-Dec-2022

Pidilite Industries allots 10,605 equity shares under ESOP

07-Oct-2022

Pidilite Industries to conduct board meeting

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A-1 Acid Ltd 542012
Aarti Industries Ltd 524208 AARTIIND
Aarti Surfactants Ltd 543210 AARTISURF
Aarti Surfactants Ltd Partly Paidup 890180 AARTIPP
Absolute Aromatics Ltd 40209
Aditya Info-Soft Ltd 530693
Advanced Enzyme Technologies Ltd 540025 ADVENZYMES
Aether Industries Ltd 543534 AETHER
Alang Industrial Gases Ltd 531517
Alkali Metals Ltd 533029 ALKALI
Alkyl Amines Chemicals Ltd 506767 ALKYLAMINE
Allied Resins & Chemicals Ltd(merged) 524538 ALLIEDRES
Alufluoride Ltd 524634
Ambani Organics Ltd 535097 AMBANIORG
Amex Carbonates & Chemicals Ltd 531321
Amines & Plasticizers Ltd 506248
Aminex Chemicals Ltd (Wound-up) 524386
Amit Alcohol & Carbon Dioxide Ltd (Merged) 506904
Anan Drug & Chem Ltd 531999
Andhra Petrochemicals Ltd 500012 ANDHRAPET
Anjana Explosives Ltd 40329
Anupam Rasayan India Ltd 543275 ANURAS
Archean Chemical Industries Ltd 543657 ACI
Archit Organosys Ltd 524640
Arvin Liquid Gases Ltd 523404
Ashok Alco-Chem Ltd 524594 ASHOKALCO
Asian Petroproducts & Exports Ltd 524434
Asiatic Oxygen Ltd 40030
Avikem Resins Ltd 523784
B L Industries (India) Ltd 530637
Balaji Amines Ltd 530999 BALAMINES
Barium Chemcials Ltd 506275
Baroda Carbons Ltd 523527
BASF India Ltd 500042 BASF
Benzo Petro International Ltd 524737
Benzo Petrochemicals Ltd (Wound Up) 524196
Bhagawati Gas Ltd 500051 BAGWATIGAS
Bhagawati Oxygen Ltd 509449
Bhatia Colour Chem Ltd 543497
Bhuruka Gases Ltd 509728
Bhuvan Tripura Industries Ltd 524725
Binaca Synthetic Resins Ltd 514344
Borax Morarji Ltd(Merged) 506315
Burmah Petro Products Ltd 40310
C J Gelatine Products Ltd 507515
Cabot India Ltd 506700 CABOTINDIA
Camlin Fine Sciences Ltd 532834 CAMLINFINE
Canvay Chemicals Ltd 531535
Caprolactam Chemicals Ltd 507486
Carbon & Chemicals India Ltd (Merged) 505813
Castrol India Ltd 500870 CASTROLIND
Cellulose Products of India Ltd 506345
Chembond Chemicals Ltd 530871 CHEMBOND
Chemcon Speciality Chemicals Ltd 543233 CHEMCON
Chemcrux Enterprises Ltd 540395
Chemfab Alkalis Ltd 541269 CHEMFAB
Chemiesynth (Vapi) Ltd 539230
Chemplast Sanmar Ltd 543336 CHEMPLASTS
Chimique Laboratories (India) Ltd 40300
Ciba India Ltd(merged) 532184 CIBASPEC
Cilson Organics Ltd 532147
Citric India Ltd 506370
Citurgia Biochemicals Ltd 506373 CITURGIBIO
Clariant (India) Ltd(merged) 500373 CLARIANT
Clarisis Organics Ltd 524806
Claro India Ltd 524366
Clean Science & Technology Ltd 543318 CLEAN
Cochin Minerals & Rutile Ltd 513353
Continental Petroleums Ltd 523232
Core Organics Ltd 524466
Crestchem Ltd 526269
Dai-ichi Karkaria Ltd 526821 DAICHIKARK
DDev Plastiks Industries Ltd 543547
Deccan Petroleums Ltd 526375
Deepak Fertilizers & Petrochemicals Corp Ltd 500645 DEEPAKFERT
Deepak Nitrite Ltd 506401 DEEPAKNTR
Diamines & Chemicals Ltd 500120
DIC India Ltd 500089 DICIND
Diviya Chemicals Ltd 506810
DMCC Speciality Chemicals Ltd 506405 DMCC
Doctors Biotech India Ltd 512079
Dujodwala Paper Chemicals Ltd 524276
Eiko Lifesciences Ltd 540204
Elantas Beck India Ltd 500123 DRBECK
Ellenbarrie Industrial Gases Ltd 590087
Emmessar Biotech & Nutrition Ltd 524768
EPIC Enzymes Pharma & Industrial Chemicals Ltd 524374
Evexia Lifecare Ltd 524444
Excel Industries Ltd 500650 EXCELINDUS
Fairchem Organics Ltd 543252 FAIRCHEMOR
Ficom Organics Ltd(merged) 506443 FICOMORGAN
Fine Organic Industries Ltd 541557 FINEORG
Fineotex Chemical Ltd 533333 FCL
Fischer Chemic Ltd 524743
Foseco India Ltd 500150 FOSECOIND
Futuristic Offshore Services and Chemical Ltd 500154 GANESHANHY
Gagan Gases Ltd 524624
Galaxy Oleo-Chem (India) Ltd 40207
Ganesh Benzoplast Ltd 500153 GANESHBE
GBL Industries Ltd 539009
GHCL Ltd 500171 GHCL
Glory Chemicals Ltd 531532
Goa Carbon Ltd 509567 GOACARBON
GOCL Corporation Ltd 506480 GOCLCORP
Godrej Industries Ltd 500164 GODREJIND
Goiex Michio Sudo Ltd 507978
GOM Industries Ltd 523802
Goodearth Industries Ltd 526929
Goodearth Organic (India) Ltd [Wound-up] 524300
Govind Poy Oxygen Ltd 509586
GP Petroleums Ltd 532543 GULFPETRO
Grauer & Weil (India) Ltd 505710 GRAUWEIL
Gresoil (India) Ltd 530483
Gujarat Carbon & Industries Ltd 506457
Gujarat Fluorochemicals Ltd 542812 FLUOROCHEM
Gujarat Indo-Lube Ltd 523552
Gujarat Narmada Valley Fertilizers & Chemicals Ltd 500670 GNFC
Gujarat Oiland Industries Ltd (Wound Up) 507866
Gujarat Organics Ltd 501368
Gujarat Speciality Lubes Ltd 523880
Gujchem Distillers India Ltd 506640
Gulf Oil India Ltd - Merged 511026 GULFOIL
Gulf Oil Lubricants India Ltd 538567 GULFOILLUB
Gulshan Polyols Ltd 532457 GULPOLY
Gulshan Sugars & Chemicals Ltd(merged) 524184
Haryana Leather Chemicals Ltd 524080
Hemo Organic Ltd 524590
Heubach Colorants India Ltd 506390 HEUBACHIND
Hico Products Ltd 506461
Hilltone Industrial Gases Ltd 40441
Himadri Speciality Chemical Ltd 500184 HSCL
Hindcon Chemicals Ltd 535053 HINDCON
Hindustan Industrial Chemicals Ltd 524679 HINDINDCHM
Hindustan Organic Chemicals Ltd 500449 HOCL
Hindustan Oxygen Gas Ltd 509660
HP Adhesives Ltd 543433 HPAL
Hubergroup India Pvt Ltd 523886 MICRO
I G Petrochemicals Ltd 500199 IGPL
IBP Co. Ltd(merged) 500198 IBP
Iccon Oil & Specialities Ltd 523766
India Carbon Ltd 40012
India Gelatine & Chemicals Ltd 531253
India Glycols Ltd 500201 INDIAGLYCO
Indian Electro Chemicals Ltd 506490
Indo Amines Ltd 524648 INDOAMIN
Indo Borax & Chemicals Ltd 524342 INDOBORAX
Indo Gulf Industries Ltd 506945
Indo Vanillon Chemicals Ltd 531267
Indu Nissan Oxo Chemicals Industries Ltd 500208 INDUNISSAN
Inox Air Products Pvt Ltd 526534 INDOXYGEN
Insilco Ltd 500211 INSILCO
Iota Chemiculture Ltd(Liquidated) 524630
IVP Ltd 507580 IVP
J F Laboratories Ltd 523804 JFLABS
J.R. Organics Ltd 506650
Jay Agrochem Ltd (Wound Up) 513504
Jayant Agro Organics Ltd 524330 JAYAGROGN
Jocil Ltd 500561 JOCIL
Jubilant Industries Ltd 533320 JUBLINDS
Jubilant Ingrevia Ltd 543271 JUBLINGREA
Jyoti Resins and Adhesives Ltd 514448
K P Gelatines & Chemicals India Ltd (Wound-up) 524741
Kamar Chemicals & Industries Ltd 531001
Kanchi Karpooram Ltd 538896
Kanva Hydro Chem Ltd 524685
Karnataka Chemical Industries Corp Ltd 530105
Karnav Leather Chemicals Ltd 524432
Keltech Energies Ltd 506528
Kesar Petroproducts Ltd 524174
Kilburn Chemicals Ltd 524699
Kings India Chemicals Corporation Ltd 524214
Kobo Biotech Ltd 531541
Kothari Polymers Ltd 40360
Krishna Plastochem Ltd (Wound Up) 524254
Laxmi Organic Industries Ltd 543277 LXCHEM
Lime Chemicals Ltd 507759
Linde India Ltd 523457 LINDEINDIA
Link Pharma Chem Ltd 524748
Lords Chemicals Ltd 530039
M.P. Carbide & Chemicals Ltd 506925
Madras Petrochem Ltd 500261
Maha Chemicals Ltd (Wound-up) 524556
Maharashtra Explosives Ltd (Wound-up) 506871
Maharashtra Polybutenes Ltd 524232
Mangalam Organics Ltd 514418 MANORG
Mark Omega Organic Industries Ltd 524681
Maruti Industrial Carbohydrates Ltd 524814
Maruti Organics Ltd 524402 MARUTIORNG
Master Chemicals Ltd 506867
Mehta Rubber Chemcials Ltd 526536
Mehta Sulfites (India) Ltd 530029
mk Aromatics Ltd 531011
Motorol (I) Ltd 508965 MOTOROL
Motorol Enterprises Ltd 523049 RINKIPETRO
Motorol Speciality Oils Ltd 506954
MTZ Industries Ltd 500275 METAZINC
Murablack India Ltd 523578 MURABLACK
Nacro Chemicals Ltd 524350
Nariman Point Chemical Industries Ltd 524224
Narmada Gelatines Ltd 526739 SHAWGELTIN
National Oxygen Ltd 507813 NOL
National Peroxide Ltd 500298 NATPEROXID
Navin Fluorine International Ltd 532504 NAVINFLUOR
Neogen Chemicals Ltd 542665 NEOGEN
Newton Engineering & Chemicals Ltd 524474
Nikhil Adhesives Ltd 526159
Niraj Petrochemicals Ltd 500454 NIRAJPETRO
Nitta Gelatin India Ltd 506532 KERALACHEM
NLC Nalco India Ltd 524101 NALCOCHEM
Noble Explochem Ltd 506991
NOCIL Ltd 500730 NOCIL
Nouryon Chemical India Pvt Ltd 500082 CENTAKCHEM
Nova Chemie (India) Ltd 40188
Ojas Technochem Products Ltd(wound-up) 526427
Omkar Pharmachem Ltd 532167
Omkar Speciality Chemicals Ltd 533317 OMKARCHEM
Organic Coatings Ltd 531157
Orient Organics Ltd 524766
Oriental Aromatics Ltd 500078 OAL
Oriental Carbon & Chemicals Ltd 506579 OCCL
Orissaa Organics Ltd 524392
Oswali Chemicals Ltd 506916
Padmanabh Industries Ltd 526905
Paintex Chemicals (Bombay) Ltd 524178
Paschim Petrochem Ltd 531005
PCBL Ltd 506590 PCBL
Pentasia Chemicals Ltd (Merged) 507739
Pentokey Organy (India) Ltd 524210
Pinky Chemicals Ltd 524671
Plastiblends India Ltd 523648 PLASTIBLEN
POCL Enterprises Ltd 539195
Polyolefins Industries Ltd (Merged) 506610
Pondy Oxides & Chemicals Ltd 532626 POCL
Premier Explosives Ltd 526247 PREMEXPLN
Privi Speciality Chemicals Ltd 530117 PRIVISCL
Prolife Industries Ltd 538392 PROLIFE
Protchem Industries (India) Ltd 524117
Rain Calcining Ltd(merged) 532153 RAINCALCIN
Rathi India Ltd 506959
Refex Industries Ltd 532884 REFEX
Refnol Resins & Chemicals Ltd 530815
Rencal Chemicals (India) Ltd 524510
Resonance Specialities Ltd 524218
Revati Organics Ltd 524504
Rhodia Specialty Chemicals India Ltd(Merged) 506230 ALBRMORARJ
Rite Zone Chemcon India Ltd 535489 RITEZONE
Ritesh International Ltd 519097
Rock Hard Petro Chemical Industries Ltd 524194
Rossari Biotech Ltd 543213 ROSSARI
Rukmani Metals & Gaseous Ltd 40695
S H Kelkar & Company Ltd 539450 SHK
S K R Chemicals Ltd 530371
Salvigor Laboratories Ltd (Merged) 524268
Sanderson Industries Ltd 507728 SANDERIND
Sanginita Chemicals Ltd 538408 SANGINITA
Sarang Chemicals Ltd 532031
Searsole Chemicals Ltd (Wound-up) 506644
Seya Industries Ltd 524324 SEYAIND
Shaba Chemicals Ltd 524546
Shaper Chemicals Ltd (Wound-up) 524566
Shayona Petrochem Ltd 531538
Shentracon Chemicals Ltd 530757
Shree Benzophen Industries Ltd 531389
Shree Neelachal Laboratories Ltd 531487
Shri Ambuja Petro Chemicals Ltd 506742
Shri Aster Silicates Ltd 533219 SHRIASTER
Shri Nicosect Ltd 526437
SI Group - India Ltd 506460 SIGROUPIND
Sigachi Industries Ltd 543389 SIGACHI
SMZS Chemicals Ltd(wound-up) 524160 SMZSCHEM
Solar Industries India Ltd 532725 SOLARINDS
Sonal Sil Chem Ltd 524673
Southern Gas Ltd 509910
Speciality Petrolubes Ltd 523525
Sree Rayalaseema Hi-Strength Hypo Ltd 532842 SRHHYPOLTD
Sree Rayalaseema Petrochemicals Ltd (Merged) 524618
Sreechem Resins Ltd 514248
SRF Ltd 503806 SRF
SRHHL Industries Ltd (Merged) 524410 SRHHLINDST
Sterling Biotech Ltd 512299 STERLINBIO
Sudev Chemicals Ltd 40666
Sun Star Chemicals Ltd 524536 SUNSTRCHEM
Sunshield Chemicals Ltd 530845
Sunstar Lubricants Ltd 524452 SUNSTARLUB
Superior Air Products Ltd (Merged) 526469
Swarnajyothi Agrotech & Power Ltd 590090
Tamil Nadu Industrial Explosives Ltd 524028
Tamil Nadu Petro Products Ltd 500777 TNPETRO
Tanfac Industries Ltd 506854 TANFACIND
Tata Chemicals Ltd 500770 TATACHEM
Tatva Chintan Pharma Chem Ltd 543321 TATVA
TCM Ltd 524156
TECIL Chemical & Hydro Power Ltd 506680 TECILCHEM
Tetrahedron Ltd 40308
Thirani Chemicals Ltd (Merged) 524125
Thirumalai Chemicals Ltd 500412 TIRUMALCHM
Tide Water Oil Co (I) Ltd 590005 TIDEWATER
Tirupati Inks Ltd 533258
Transpek Industry Ltd 506687 TRANSPEK
Tria Fine Chem Ltd 524721
Tribology India Ltd 40171
Trigon Zinco Ltd 530287
Tulasee Bio-Ethanol Ltd 524514
Tyche Industries Ltd 532384
U P Lime Chem Ltd 524677
Unique Oils India Ltd 523250
Urvi Chemicals & Allied Industries Ltd 501371
Vadilal Chemicals Ltd 40485
Vadivarhe Speciality Chemicals Ltd 538429 VSCL
Valiant Organics Ltd 540145 VALIANTORG
Vasundhara Rasayans Ltd 538634
VBC Industries Ltd 524310
Vibros Organics Ltd 530487
Vijayshree Chemicals (India) Ltd 524312
Vikas Wsp Ltd 519307 VIKASWSP
Vinati Organics Ltd 524200 VINATIORGA
Vishnu Chemicals Ltd 516072 VISHNU
Vision Organics Ltd 532383 VISIONLTD
Vital Chemtech Ltd 535490 VITAL
Yasho Industries Ltd 541167

Share Holding

Category No. of shares Percentage
Total Foreign 58331431 11.48
Total Institutions 41344099 8.13
Total Govt Holding 6640 0.00
Total Non Promoter Corporate Holding 3032416 0.60
Total Promoters 355511157 69.94
Total Public & others 50083812 9.85
Total 508309555 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Pidilite Industries Ltd

Pidilite Industries Limited (PIL) was incorporated on 28th July, 1969 as a consumer and specialities chemical company. The Company is the market leader in adhesives and sealants, construction chemicals, hobby colours and polymer emulsions in India. Its brand name Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in India. The company's product range includes Adhesives and Sealants, construction chemicals, craftsmen products, polymer emulsions, paint chemicals, automotive chemicals, art materials and stationery, fabric care, maintenance chemicals, industrial adhesives, industrial, textile resins and organic pigments and preparations. Some of the company's major brands are M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Motomax and Hobby Ideas. Pidilite was the first company in India, which started production of violet pigment in the year 1973. In 1984, the company's consumer product division was born and in 1989 the company entered fevicryl acrylic colours transform fabric and multi-surface painting market. The Company made its maiden public offering of equity shares in the year 1993. During the year 1995, plants of the company in Mumbai and Vapi acquired an ISO 9001 certification. Also the plant at Mahad received an ISO 9002 certification in the same year. Fevicol, the premier brand of the company ranked among the Top 15 Indian brands by FE Brandwagon Year Book 1997. After two years, in 1999, Pidilite had acquired 'Ranipal', leading brand of optical whitener and subsequently acquired 'M-Seal', leading brand of epoxy compounds in the year of 2000. In the identical year of 2000 itself, Fevicol campaign won the Silver ABBY for the Campaign of the Century in India. The Company had launched Dr. Fixit range of Construction Chemicals in the year 2001 and had acquired 'Steelgrip', leading brand of PVC insulation tape in India during the year 2002. Pidilite had again acquired the Roff' brand of Construction Chemicals in the year of 2004. A wholly-owned subsidiary in Singapore, under the banner 'Pidilite International Pte Ltd was incorporated by the company in the year 2005 for its international operations, encompassing the acquisition of overseas companies and joint ventures. Also in the same year 2005, Pidilite had acquired Chemson Asia Pte Ltd, an existing Singapore-based company in the business of manufacturing waterproof coating and emulsion paints, thereby adding to its existing, and rapidly-growing construction chemicals and paints range and the company had took over Jupiter Chemicals in Dubai. During the identical year of 2005, the company had incorporated a subsidiary, namely 'Pidilite Do Brasil Desenvolvimento De Negocios Ltd', in Sao Paulo, Brazil and 'Pidilite Middle East Limited', as an offshore company in the Jebel Ali Free Zone of Dubai. During the year 2006, Pidilite had acquired Tristar Colman brand and business, Tristar Fine Art, a market leader in brushes for drawing and painting and Bamco Thailand, a Construction Chemical company. Also Pidilite had acquired the business and assets of Sargent Art Inc through a subsidiary Pidilite USA Inc, Delaware. The Company had established its R&D centre in Singapore under the banner 'Pidilite Innovation Centre Pte Ltd.' Pidilite had de-merged VAM manufacturing unit at Mahad of Vinyl Chemicals (India) Ltd into the company with effect from 1st April of the year 2007. During 2007-08, Fevicol 1K PUR and Fevicol Kwikgrab were introduced by the company to take care of special applications in building construction segment. Pidilite with its wholly-owned subsidiaries had acquired assets and business of branded sealants and adhesives from Hardcastle & Waud Manufacturing Co. Ltd and associates. The Company had acquired Bhimad Commercial Co. and Madhumala Traders by investing Rs 170,000 each in February of the year 2008. Fevicol has been ranked No. 1 in Household Care Segment in June 2008. The Board of Directors of Pidilite Industries at its meeting held on 10 June 2013 decided to explore induction of a strategic partner for the Synthetic Elastomer Project. On 22 September 2014, Pidilite Industries announced that its Board of Directors has approved the acquisition of the adhesive business of Blue Coat Private Limited on a slump sale basis for a cash consideration of Rs 263.57 crore. On 12 December 2014, Pidilite Industries announced that the company along with its wholly owned subsidiary Pidilite International Pte Ltd. has incorporated a private limited subsidiary company in Ethiopia on 10 December 2014 in the name of Pidilite Chemical PLC for manufacture of adhesives, mastics, paints, varnishes or similar coatings, printing, writing and painting inks etc. The Board of Directors of Pidilite Industries at its meeting held on 30 March 2015 approved investment in equity shares of Nina Waterproofing Systems Private Limited. The proposed shareholding of the company in Nina will be 70%, thereby making Nina a subsidiary of the company. The initial investment of Pidilite Industries in Nina will be about Rs 23.33 lakh. The Board has also approved additional investment up to Rs 100 crore in Nina. On 16 April 2015, Pidilite Industries announced that its subsidiary Nina Waterproofing Systems Private Ltd. (NWSP) has acquired the waterproofing business of Nina Concrete Systems Private Ltd. (NCS) on a slump sale basis. PIL holds 70% of the paid up capital in NWSP. The waterproofing business under the brand name NINA was established in 1965. NINA is recognized as one of the leading waterproofing solution contractors in India. NINA has its major presence across the construction spectrum including residential, commercial, industrial, institutional and infrastructure segments. On 25 November 2015, Pidilite Industries announced that the company along with its wholly owned subsidiary Fevicol Company Limited has on 20 November 2015 incorporated a company in the name of Wood Coat Private Limited to be engaged in all types of coatings for wood including wood stains, fillers, primers, wood finish etc. On 30 November 2015, Pidilite Industries announced that Pidilite Lanka (Private) Limited, a step down subsidiary of the company incorporated in Sri Lanka, has acquired from CIC Holdings PLC, the Chemifix trade mark and other brands associated with PVAC Adhesives business along with the commercial and technical knowhow relating to PVAC Adhesive business. CIC Holdings PLC is a large conglomerate in Sri Lanka and is involved in number of segment in Sri Lanka such as chemicals, fertilizers, pharmaceuticals, agri chemical, food products etc. On 25 April 2016, Pidilite Industries announced that its Board of Directors has approved execution of definitive agreements with INDUSTRIA CHIMICA ADRIATICA SPA (ICA), a leading wood finish manufacturer based in Italy. As part of the joint venture, Pidilite Industries along with its wholly owned subsidiary Fevicol Company Limited, will hold 50% of the shareholding in Wood Coat Private Limited (the joint venture company) and the remaining 50% of the shareholding will be held by ICA and Italcoats, a partnership firm and distributor of ICA wood finishes in India. The joint venture company will initially engage in high technology wood finish business in India and other select countries. Wood Coat Private Limited is currently a wholly owned subsidiary of Pidilite Industries. The joint venture company will acquire the current wood finish distribution business of Italcoats and will be exclusive distributor of ICA wood finishes in India and other select countries. The joint venture company will also acquire technology and knowhow for manufacture of select wood finish products from ICA and shall be entitled to manufacture ICA wood finishes for marketing, distribution and sales in India and other select countries. Pidilite Industries' Board of Directors has approved an equity investment of up to Rs 63.75 crore on or before 15 May 2016 and a further equity investment of up to Rs 62.50 crore in accordance with the business requirements of the joint venture company. On 16 June 2016, Pidilite Industries informed stock exchanges that its two wholly owned subsidiaries Pidilite International Pte. Ltd and Pidilite Middle East Ltd, have acquired shares of Nebula East Africa Private Limited (NEAPL), a company incorporated in Kenya. With this acquisition, the wholly owned subsidiaries of the company hold 100% of the paid up share capital (which is Kenyan Shillings 100,000) equivalent to approximately USD 1000 in NEAPL. NEAPL is proposed to be engaged in the business as manufacturers, importers, exporters, buyers, sellers etc. in adhesives, sealants, and all other products used for making or producing adhesives and sealants. The Board of Directors of Pidilite Industries at its meeting held on 26 December 2017 approved buyback proposal for purchase by the company of its own fully paid up equity shares of Re 1 each not exceeding 50 lakh equity shares (being 0.975% of the total paid up equity capital of the company) at a price of Rs 1000 per share for an aggregate amount of up to Rs 500 crore. The proposed buyback will be through the tender offer route. On 9 February 2018, Pidilite Industries announced that it has completed the acquisition of 70% equity shares of CIPY Polyurethanes Pvt. Ltd. CIPY is engaged in the business of manufacture and sale of floor coatings using polyurethanes, epoxies, polyurea and polyaspartic polymers. CIPY is one of the well-known floor coating companies in India. The nature of consideration will be cash being an amount of Rs 96.40 crore in aggregate payable to the existing shareholders of CIPY for the purchase of a portion of the shares held by them in CIPY. The acquisition will help Pidilite Industries to participate in the growth of the resin flooring and floor coatings market. The turnover of CIPY was Rs 110.40 crore for the year 2016-17. Earlier, the Board of Directors of Pidilite Industries at its meeting held on 5 January 2018 approved acquisition of 70% equity shares of CIPY Polyurethanes Pvt. Ltd. On 7 March 2018, Pidilite Industries announced that it has entered into a collaboration with Jowat SE, a German family-owned enterprise and one of the leading suppliers of industrial adhesives worldwide. As part of the collaboration, Pidilite will now exclusively handle sales and distribution of the entire range of Jowat adhesives in India and other neighboring countries including Sri Lanka, Bangladesh, and Nepal. In addition to this, the two companies have also entered into a technical collaboration encompassing the high growth, specialised category of Hot Melt adhesives. This will provide a comprehensive range of Thermoplastic Hot Melt adhesives for use in several industrial, and modular and other wooden furniture segments. The total capital expenditure during the FY2019 was Rs 186.23 crore, spent on fixed assets for various manufacturing units, offices, laboratories, warehouses and on information technology. During the year 2018-19, investment of Rs 61.04 crore (previous year Rs 151.19 crore) was made in the subsidiaries. Of this, Rs 26.24 crore was invested in the overseas subsidiaries and Rs 34.80 crore in the domestic subsidiaries. The investments in overseas subsidiaries were in Pidilite Middle East Ltd (Rs 5.31 crore) and Pidilite International Pte Ltd (Rs 4.17 crore) for onward investments in their step down subsidiaries and Pulvitec do Brasil Industria e Comercio de Colas e Adesivos Ltda (Rs 9.35 crore) and in newly incorporated subsidiary Pidilite Ventures LLC (Rs 7.41 crore). The investments in domestic subsidiaries were in ICA Pidilite Pvt. Ltd. (Rs 26.64 crore) and Cipy Polyurethanes Pvt. Ltd. (Rs 8.16 crore). During the FY2019, Percept Waterproofing Services Limited (Percept) (80% subsidiary of the Company) was merged with Nina Waterproofing Systems Private Limited (Nina) (70% subsidiary of the Company), pursuant to the Hon'ble National Company Law Tribunal, Mumbai Bench Order dated 11th January 2019 w.e.f. the appointed date i.e. 1st April 2017 and consequently, Percept stands dissolved without winding up. Further, post the said merger w.e.f. 27th March 2019, Nina's name was changed to AEKAM Construction Specialties Private Limited (AEKAM) and w.e.f. 15th April 2019, AEKAM is known as Nina Percept Private Limited. Accordingly, the Company's investment in Percept is merged with Nina Percept Private Limited and the Company now holds 71.53% stake in the merged entity. The Company incorporated a wholly owned subsidiairy in USA, Pidilite Ventures LLC, which shall be engaging mainly in the investments in early stage operating companies in USA. Pidilite Lanka (Private) Limited (Pidilite Lanka) (a step down subsidiary of the Company in Sri Lanka) has entered into an agreement with Nina Waterproofing Systems Private Limited now known as Nina Percept Private Limited (Nina) and Nina Lanka Construction Technologies (Pvt) Ltd (Nina Lanka) (a wholly owned subsidiary of Nina in Sri Lanka and also a step down subsidiary of the Company) to acquire up to 40% of the share capital in Nina Lanka. As on 31st March 2019, Pidilite Lanka has acquired 25.2% stake in Nina Lanka. Pidilite International Pte. Ltd., a wholly owned subsidiary of the Company in Singapore, alongwith Crown Classics Limited, a company in Kenya, has promoted a joint venture company in Kenya namely Pidilite East Africa Limited (PEAL) to carry on business of construction chemicals and waterproofing material. PEAL, by virtue of control, is a step-down subsidiary of the Company. Fevicol was awarded the 'Evergreen Brand' Award at the Pitch (Magazine) Top 50 Brands Awards 2019. The Fevicryl Colours bus shelter on World Colouring Book Day won a Bronze at the Neon OOH 2019 outdoor advertising awards. The total capital expenditure during the FY2020 was Rs 369.03 crore (previous year Rs 186.23 crore) primarily spent on fixed assets for various manufacturing units, offices, laboratories, warehouses and on information technology. During the year 2019-20, investment of Rs 146.18 crore (previous year Rs 61.04 crore) was made in subsidiaries. Of this, Rs 127.08 crore was invested in domestic subsidiaries and Rs 19.10 crore in overseas subsidiaries. The investments in domestic subsidiaries were in Madhumala Ventures Pvt. Ltd. (formerly known as Madhumala Traders Pvt. Ltd.) amounting to Rs 126.47 crore and in newly incorporated subsidiaries namely Pidilite Litokol Pvt Ltd (Rs 0.60 crore) and Pidilite Grupo Puma Manufacturing Ltd (Rs 0.01 crore). The investments in overseas subsidiaries were in Pidilite International Pte Ltd., Singapore (Rs 18.03 crore), Pidilite Chemical PLC, Ethiopia (Rs 0.75 Crore) and Pidilite Industries Egypt SAE (Rs 0.32 crore). During the FY2020,the Company along with Litokol S.p.A, Italy has incorporated a joint venture subsidiary in the name of 'Pidilite Litokol Private Limited' (PLPL) on 7th October 2019 to carry on the business of chemicals epoxy grouts, chemical based products etc. The Company holds 60% of the paid up share capital and has management control of PLPL. The Company alongwith Corporacion Empresarial Grupo Puma S.L., Spain has incorporated a joint venture subsidiary in the name of 'Pidilite Grupo Puma Manufacturing Limited' (PGPML) on 13th January 2020 to carry on the business of manufacturing, processing and distribution of technical mortars and other materials used in construction. The Company holds 50% of the paid up share capital and has management control of PGPML. Nina Percept Private Limited (NPPL), subsidiary of the Company along with Pidilite Speciality Chemicals Pvt Ltd (PSCB), a step down subsidiary of the Company, has incorporated a company on 29th January 2020, in Bangladesh namely 'Nina Percept (Bangladesh) Pvt Ltd.' to carry on the business of roofing and waterproofing services in Bangladesh. NPPL holds 99% of the paid up share capital of Nina Percept (Bangladesh) Pvt. Ltd and the balance 1% is held by PSCB The Company alongwith Chetana Expotential Technologies Pvt Ltd, Bangalore has incorporated a joint venture company in the name of 'Pidilite C-Techos Walling Limited' (PCWL) on 5th March 2020, to carry on the business of construction of building works or any other structural or architectural work of any kind using C-Techos wall technology, manufacturing of ACC panels and other ancillary products. The Company holds 60% of the paid up share capital and has management control of PCWL. The Company has, for operational convenience and synergies, entered into a business transfer agreement for acquiring the business of wholly owned entity, M/s. Nitin Enterprise (a partnership firm having two partners, both of which are wholly owned subsidiaries of the Company) on a slump sale basis for a cash consideration of an amount not exceeding Rs 18.50 crore subject to necessary approvals. The acquisition process is likely to be completed during the financial year 2020-21. Madhumala Ventures Pvt Ltd (formerly known as Madhumala Traders Pvt Ltd), a wholly owned subsidiary of the Company, has made three strategic investments in relevant start-ups in the domain of home dcor, furnishings, painting and waterproofing aggregating to Rs 122.48 crore. With these investments, the Company intends to support and collaborate with these start ups for mutual benefits. Pursuant to a share purchase agreement executed with Tenax S.p.A, Italy, the Company acquired 70% of the share capital of Tenax India Stone Products Pvt. Ltd. for a cash consideration of approx. Rs 80 crore. The acquisiton process was completed on 28th May 2020. In March 2020, the World Health Organisation declared COVID 19 to be a pandemic. The operation of the Company were disrupted since mid of March 2020. The outbreak of COVID 19 pandemic and consequent lockdown has impacted the regular business operations. The Company has acquired 70% stake in equity shares of Tenax India Stone Products Pvt. Ltd ('Tenax') from Tenax SPA Italy (Tenax Italy) thereby making Tenax a subsidiary of the Company on 28th May 2020. Tenax Italy is the leading manufacturer of adhesives, coating, surface treatment chemicals and abrasives for the marble, granite and stone industry. Tenax is engaged in the in the sales and distribution of Tenax Italy products for the retail market in India. The Board of Directors at its meeting held on 28th October 2020, approved a definitive agreement with Huntsman Group (USA) to acquire 100% stake in one of the subsidiary in India namely Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for a cash consideration of approximately Rs. 2,100 Crore, excluding customary working capital and other adjustments. Huntsman Group is a leading global producer of differentiated organic chemical products. HAMSPL manufactures and sells Adhesives, Sealants and other products under well-known brands such as Araldite, Araldite Karpenter and Araseal. The Company has completed the acquisition of 100% stake in HAMSPL on 3rd November 2020, thus HAMSPL has become a subsidiary of the Company.

Pidilite Industries Ltd Chairman Speech

Sixty years is a good time to pause, look back and look ahead. In the last six decades, Fevicol has grown as a brand, touched lives in so many ways, and helped build bonds with our employees, dealers, distributors, carpenters, consumers and more.

Tracing the journey of Fevicol gives us invaluable insights into how it became one of the most trusted and lo d brands in India. These insights will continue to guide us as we travel further on this journe .

M B Parekh

Chairman.

   

Pidilite Industries Ltd Company History

Pidilite Industries Limited (PIL) was incorporated on 28th July, 1969 as a consumer and specialities chemical company. The Company is the market leader in adhesives and sealants, construction chemicals, hobby colours and polymer emulsions in India. Its brand name Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in India. The company's product range includes Adhesives and Sealants, construction chemicals, craftsmen products, polymer emulsions, paint chemicals, automotive chemicals, art materials and stationery, fabric care, maintenance chemicals, industrial adhesives, industrial, textile resins and organic pigments and preparations. Some of the company's major brands are M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Motomax and Hobby Ideas. Pidilite was the first company in India, which started production of violet pigment in the year 1973. In 1984, the company's consumer product division was born and in 1989 the company entered fevicryl acrylic colours transform fabric and multi-surface painting market. The Company made its maiden public offering of equity shares in the year 1993. During the year 1995, plants of the company in Mumbai and Vapi acquired an ISO 9001 certification. Also the plant at Mahad received an ISO 9002 certification in the same year. Fevicol, the premier brand of the company ranked among the Top 15 Indian brands by FE Brandwagon Year Book 1997. After two years, in 1999, Pidilite had acquired 'Ranipal', leading brand of optical whitener and subsequently acquired 'M-Seal', leading brand of epoxy compounds in the year of 2000. In the identical year of 2000 itself, Fevicol campaign won the Silver ABBY for the Campaign of the Century in India. The Company had launched Dr. Fixit range of Construction Chemicals in the year 2001 and had acquired 'Steelgrip', leading brand of PVC insulation tape in India during the year 2002. Pidilite had again acquired the Roff' brand of Construction Chemicals in the year of 2004. A wholly-owned subsidiary in Singapore, under the banner 'Pidilite International Pte Ltd was incorporated by the company in the year 2005 for its international operations, encompassing the acquisition of overseas companies and joint ventures. Also in the same year 2005, Pidilite had acquired Chemson Asia Pte Ltd, an existing Singapore-based company in the business of manufacturing waterproof coating and emulsion paints, thereby adding to its existing, and rapidly-growing construction chemicals and paints range and the company had took over Jupiter Chemicals in Dubai. During the identical year of 2005, the company had incorporated a subsidiary, namely 'Pidilite Do Brasil Desenvolvimento De Negocios Ltd', in Sao Paulo, Brazil and 'Pidilite Middle East Limited', as an offshore company in the Jebel Ali Free Zone of Dubai. During the year 2006, Pidilite had acquired Tristar Colman brand and business, Tristar Fine Art, a market leader in brushes for drawing and painting and Bamco Thailand, a Construction Chemical company. Also Pidilite had acquired the business and assets of Sargent Art Inc through a subsidiary Pidilite USA Inc, Delaware. The Company had established its R&D centre in Singapore under the banner 'Pidilite Innovation Centre Pte Ltd.' Pidilite had de-merged VAM manufacturing unit at Mahad of Vinyl Chemicals (India) Ltd into the company with effect from 1st April of the year 2007. During 2007-08, Fevicol 1K PUR and Fevicol Kwikgrab were introduced by the company to take care of special applications in building construction segment. Pidilite with its wholly-owned subsidiaries had acquired assets and business of branded sealants and adhesives from Hardcastle & Waud Manufacturing Co. Ltd and associates. The Company had acquired Bhimad Commercial Co. and Madhumala Traders by investing Rs 170,000 each in February of the year 2008. Fevicol has been ranked No. 1 in Household Care Segment in June 2008. The Board of Directors of Pidilite Industries at its meeting held on 10 June 2013 decided to explore induction of a strategic partner for the Synthetic Elastomer Project. On 22 September 2014, Pidilite Industries announced that its Board of Directors has approved the acquisition of the adhesive business of Blue Coat Private Limited on a slump sale basis for a cash consideration of Rs 263.57 crore. On 12 December 2014, Pidilite Industries announced that the company along with its wholly owned subsidiary Pidilite International Pte Ltd. has incorporated a private limited subsidiary company in Ethiopia on 10 December 2014 in the name of Pidilite Chemical PLC for manufacture of adhesives, mastics, paints, varnishes or similar coatings, printing, writing and painting inks etc. The Board of Directors of Pidilite Industries at its meeting held on 30 March 2015 approved investment in equity shares of Nina Waterproofing Systems Private Limited. The proposed shareholding of the company in Nina will be 70%, thereby making Nina a subsidiary of the company. The initial investment of Pidilite Industries in Nina will be about Rs 23.33 lakh. The Board has also approved additional investment up to Rs 100 crore in Nina. On 16 April 2015, Pidilite Industries announced that its subsidiary Nina Waterproofing Systems Private Ltd. (NWSP) has acquired the waterproofing business of Nina Concrete Systems Private Ltd. (NCS) on a slump sale basis. PIL holds 70% of the paid up capital in NWSP. The waterproofing business under the brand name NINA was established in 1965. NINA is recognized as one of the leading waterproofing solution contractors in India. NINA has its major presence across the construction spectrum including residential, commercial, industrial, institutional and infrastructure segments. On 25 November 2015, Pidilite Industries announced that the company along with its wholly owned subsidiary Fevicol Company Limited has on 20 November 2015 incorporated a company in the name of Wood Coat Private Limited to be engaged in all types of coatings for wood including wood stains, fillers, primers, wood finish etc. On 30 November 2015, Pidilite Industries announced that Pidilite Lanka (Private) Limited, a step down subsidiary of the company incorporated in Sri Lanka, has acquired from CIC Holdings PLC, the Chemifix trade mark and other brands associated with PVAC Adhesives business along with the commercial and technical knowhow relating to PVAC Adhesive business. CIC Holdings PLC is a large conglomerate in Sri Lanka and is involved in number of segment in Sri Lanka such as chemicals, fertilizers, pharmaceuticals, agri chemical, food products etc. On 25 April 2016, Pidilite Industries announced that its Board of Directors has approved execution of definitive agreements with INDUSTRIA CHIMICA ADRIATICA SPA (ICA), a leading wood finish manufacturer based in Italy. As part of the joint venture, Pidilite Industries along with its wholly owned subsidiary Fevicol Company Limited, will hold 50% of the shareholding in Wood Coat Private Limited (the joint venture company) and the remaining 50% of the shareholding will be held by ICA and Italcoats, a partnership firm and distributor of ICA wood finishes in India. The joint venture company will initially engage in high technology wood finish business in India and other select countries. Wood Coat Private Limited is currently a wholly owned subsidiary of Pidilite Industries. The joint venture company will acquire the current wood finish distribution business of Italcoats and will be exclusive distributor of ICA wood finishes in India and other select countries. The joint venture company will also acquire technology and knowhow for manufacture of select wood finish products from ICA and shall be entitled to manufacture ICA wood finishes for marketing, distribution and sales in India and other select countries. Pidilite Industries' Board of Directors has approved an equity investment of up to Rs 63.75 crore on or before 15 May 2016 and a further equity investment of up to Rs 62.50 crore in accordance with the business requirements of the joint venture company. On 16 June 2016, Pidilite Industries informed stock exchanges that its two wholly owned subsidiaries Pidilite International Pte. Ltd and Pidilite Middle East Ltd, have acquired shares of Nebula East Africa Private Limited (NEAPL), a company incorporated in Kenya. With this acquisition, the wholly owned subsidiaries of the company hold 100% of the paid up share capital (which is Kenyan Shillings 100,000) equivalent to approximately USD 1000 in NEAPL. NEAPL is proposed to be engaged in the business as manufacturers, importers, exporters, buyers, sellers etc. in adhesives, sealants, and all other products used for making or producing adhesives and sealants. The Board of Directors of Pidilite Industries at its meeting held on 26 December 2017 approved buyback proposal for purchase by the company of its own fully paid up equity shares of Re 1 each not exceeding 50 lakh equity shares (being 0.975% of the total paid up equity capital of the company) at a price of Rs 1000 per share for an aggregate amount of up to Rs 500 crore. The proposed buyback will be through the tender offer route. On 9 February 2018, Pidilite Industries announced that it has completed the acquisition of 70% equity shares of CIPY Polyurethanes Pvt. Ltd. CIPY is engaged in the business of manufacture and sale of floor coatings using polyurethanes, epoxies, polyurea and polyaspartic polymers. CIPY is one of the well-known floor coating companies in India. The nature of consideration will be cash being an amount of Rs 96.40 crore in aggregate payable to the existing shareholders of CIPY for the purchase of a portion of the shares held by them in CIPY. The acquisition will help Pidilite Industries to participate in the growth of the resin flooring and floor coatings market. The turnover of CIPY was Rs 110.40 crore for the year 2016-17. Earlier, the Board of Directors of Pidilite Industries at its meeting held on 5 January 2018 approved acquisition of 70% equity shares of CIPY Polyurethanes Pvt. Ltd. On 7 March 2018, Pidilite Industries announced that it has entered into a collaboration with Jowat SE, a German family-owned enterprise and one of the leading suppliers of industrial adhesives worldwide. As part of the collaboration, Pidilite will now exclusively handle sales and distribution of the entire range of Jowat adhesives in India and other neighboring countries including Sri Lanka, Bangladesh, and Nepal. In addition to this, the two companies have also entered into a technical collaboration encompassing the high growth, specialised category of Hot Melt adhesives. This will provide a comprehensive range of Thermoplastic Hot Melt adhesives for use in several industrial, and modular and other wooden furniture segments. The total capital expenditure during the FY2019 was Rs 186.23 crore, spent on fixed assets for various manufacturing units, offices, laboratories, warehouses and on information technology. During the year 2018-19, investment of Rs 61.04 crore (previous year Rs 151.19 crore) was made in the subsidiaries. Of this, Rs 26.24 crore was invested in the overseas subsidiaries and Rs 34.80 crore in the domestic subsidiaries. The investments in overseas subsidiaries were in Pidilite Middle East Ltd (Rs 5.31 crore) and Pidilite International Pte Ltd (Rs 4.17 crore) for onward investments in their step down subsidiaries and Pulvitec do Brasil Industria e Comercio de Colas e Adesivos Ltda (Rs 9.35 crore) and in newly incorporated subsidiary Pidilite Ventures LLC (Rs 7.41 crore). The investments in domestic subsidiaries were in ICA Pidilite Pvt. Ltd. (Rs 26.64 crore) and Cipy Polyurethanes Pvt. Ltd. (Rs 8.16 crore). During the FY2019, Percept Waterproofing Services Limited (Percept) (80% subsidiary of the Company) was merged with Nina Waterproofing Systems Private Limited (Nina) (70% subsidiary of the Company), pursuant to the Hon'ble National Company Law Tribunal, Mumbai Bench Order dated 11th January 2019 w.e.f. the appointed date i.e. 1st April 2017 and consequently, Percept stands dissolved without winding up. Further, post the said merger w.e.f. 27th March 2019, Nina's name was changed to AEKAM Construction Specialties Private Limited (AEKAM) and w.e.f. 15th April 2019, AEKAM is known as Nina Percept Private Limited. Accordingly, the Company's investment in Percept is merged with Nina Percept Private Limited and the Company now holds 71.53% stake in the merged entity. The Company incorporated a wholly owned subsidiairy in USA, Pidilite Ventures LLC, which shall be engaging mainly in the investments in early stage operating companies in USA. Pidilite Lanka (Private) Limited (Pidilite Lanka) (a step down subsidiary of the Company in Sri Lanka) has entered into an agreement with Nina Waterproofing Systems Private Limited now known as Nina Percept Private Limited (Nina) and Nina Lanka Construction Technologies (Pvt) Ltd (Nina Lanka) (a wholly owned subsidiary of Nina in Sri Lanka and also a step down subsidiary of the Company) to acquire up to 40% of the share capital in Nina Lanka. As on 31st March 2019, Pidilite Lanka has acquired 25.2% stake in Nina Lanka. Pidilite International Pte. Ltd., a wholly owned subsidiary of the Company in Singapore, alongwith Crown Classics Limited, a company in Kenya, has promoted a joint venture company in Kenya namely Pidilite East Africa Limited (PEAL) to carry on business of construction chemicals and waterproofing material. PEAL, by virtue of control, is a step-down subsidiary of the Company. Fevicol was awarded the 'Evergreen Brand' Award at the Pitch (Magazine) Top 50 Brands Awards 2019. The Fevicryl Colours bus shelter on World Colouring Book Day won a Bronze at the Neon OOH 2019 outdoor advertising awards. The total capital expenditure during the FY2020 was Rs 369.03 crore (previous year Rs 186.23 crore) primarily spent on fixed assets for various manufacturing units, offices, laboratories, warehouses and on information technology. During the year 2019-20, investment of Rs 146.18 crore (previous year Rs 61.04 crore) was made in subsidiaries. Of this, Rs 127.08 crore was invested in domestic subsidiaries and Rs 19.10 crore in overseas subsidiaries. The investments in domestic subsidiaries were in Madhumala Ventures Pvt. Ltd. (formerly known as Madhumala Traders Pvt. Ltd.) amounting to Rs 126.47 crore and in newly incorporated subsidiaries namely Pidilite Litokol Pvt Ltd (Rs 0.60 crore) and Pidilite Grupo Puma Manufacturing Ltd (Rs 0.01 crore). The investments in overseas subsidiaries were in Pidilite International Pte Ltd., Singapore (Rs 18.03 crore), Pidilite Chemical PLC, Ethiopia (Rs 0.75 Crore) and Pidilite Industries Egypt SAE (Rs 0.32 crore). During the FY2020,the Company along with Litokol S.p.A, Italy has incorporated a joint venture subsidiary in the name of 'Pidilite Litokol Private Limited' (PLPL) on 7th October 2019 to carry on the business of chemicals epoxy grouts, chemical based products etc. The Company holds 60% of the paid up share capital and has management control of PLPL. The Company alongwith Corporacion Empresarial Grupo Puma S.L., Spain has incorporated a joint venture subsidiary in the name of 'Pidilite Grupo Puma Manufacturing Limited' (PGPML) on 13th January 2020 to carry on the business of manufacturing, processing and distribution of technical mortars and other materials used in construction. The Company holds 50% of the paid up share capital and has management control of PGPML. Nina Percept Private Limited (NPPL), subsidiary of the Company along with Pidilite Speciality Chemicals Pvt Ltd (PSCB), a step down subsidiary of the Company, has incorporated a company on 29th January 2020, in Bangladesh namely 'Nina Percept (Bangladesh) Pvt Ltd.' to carry on the business of roofing and waterproofing services in Bangladesh. NPPL holds 99% of the paid up share capital of Nina Percept (Bangladesh) Pvt. Ltd and the balance 1% is held by PSCB The Company alongwith Chetana Expotential Technologies Pvt Ltd, Bangalore has incorporated a joint venture company in the name of 'Pidilite C-Techos Walling Limited' (PCWL) on 5th March 2020, to carry on the business of construction of building works or any other structural or architectural work of any kind using C-Techos wall technology, manufacturing of ACC panels and other ancillary products. The Company holds 60% of the paid up share capital and has management control of PCWL. The Company has, for operational convenience and synergies, entered into a business transfer agreement for acquiring the business of wholly owned entity, M/s. Nitin Enterprise (a partnership firm having two partners, both of which are wholly owned subsidiaries of the Company) on a slump sale basis for a cash consideration of an amount not exceeding Rs 18.50 crore subject to necessary approvals. The acquisition process is likely to be completed during the financial year 2020-21. Madhumala Ventures Pvt Ltd (formerly known as Madhumala Traders Pvt Ltd), a wholly owned subsidiary of the Company, has made three strategic investments in relevant start-ups in the domain of home dcor, furnishings, painting and waterproofing aggregating to Rs 122.48 crore. With these investments, the Company intends to support and collaborate with these start ups for mutual benefits. Pursuant to a share purchase agreement executed with Tenax S.p.A, Italy, the Company acquired 70% of the share capital of Tenax India Stone Products Pvt. Ltd. for a cash consideration of approx. Rs 80 crore. The acquisiton process was completed on 28th May 2020. In March 2020, the World Health Organisation declared COVID 19 to be a pandemic. The operation of the Company were disrupted since mid of March 2020. The outbreak of COVID 19 pandemic and consequent lockdown has impacted the regular business operations. The Company has acquired 70% stake in equity shares of Tenax India Stone Products Pvt. Ltd ('Tenax') from Tenax SPA Italy (Tenax Italy) thereby making Tenax a subsidiary of the Company on 28th May 2020. Tenax Italy is the leading manufacturer of adhesives, coating, surface treatment chemicals and abrasives for the marble, granite and stone industry. Tenax is engaged in the in the sales and distribution of Tenax Italy products for the retail market in India. The Board of Directors at its meeting held on 28th October 2020, approved a definitive agreement with Huntsman Group (USA) to acquire 100% stake in one of the subsidiary in India namely Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for a cash consideration of approximately Rs. 2,100 Crore, excluding customary working capital and other adjustments. Huntsman Group is a leading global producer of differentiated organic chemical products. HAMSPL manufactures and sells Adhesives, Sealants and other products under well-known brands such as Araldite, Araldite Karpenter and Araseal. The Company has completed the acquisition of 100% stake in HAMSPL on 3rd November 2020, thus HAMSPL has become a subsidiary of the Company.

Pidilite Industries Ltd Directors Reports

To

The Members

Your Directors take pleasure in presenting the Fifty-Third Annual Report together with Audited Financial Statements for the year ended 31st March, 2022.

Financial Results (Standalone)

(' in crores )
2021-22 2020-21
Sales 8,298.49 6,186.67
Operating Profit 1,842.38 1,623.30
Finance Costs (26.42) (16.99)
Depreciation, Amortisation and Impairment Expense (175.12) (147.10)
Net Foreign Exchange Loss (13.35) (2.13)
Profit Before Exceptional Items and Tax 1,627.49 1,457.08
Exceptional Items - (0.45)
Profit Before Tax 1,627.49 1,456.63
Current Year?s Tax (360.95) (375.05)
Deferred Tax 2.08 (0.12)
Profit After Tax 1,268.62 1,081.46
Profit Brought Forward 4,123.49 3,042.74
Other Comprehensive Income Included in Retained Earnings (Net of tax) (9.07) (0.71)
Profit Available for Appropriation 5,383.04 4,123.49
Appropriations
Dividend Paid (431.93)# -
Closing balance of Retained Earnings 4,951.11 4,123.49

Financial Performance

Comments on Financial Performance are included in Management Discussion and Analysis section.

Dividend

Your Directors recommend a dividend of ' 10.00 per equity share of ' 1/- each (previous year ' 8.50 per equity share of ' 1/- each) amounting to ' 508.29 crores (previous year ' 431.93 crores) out of the current year?s profit, on ' 50.83 crores equity capital (previous year ' 50.82 crores). The dividend payout amount has grown at a CAGR of 13.65% during the last 5 years.

# Pertaining to dividend for FY 2020-21

The dividend payout is in accordance with the Dividend Distribution Policy which is available on the website of the Company

www.pidilite.com.

Transfer to Reserves

The Company does not propose to transfer amounts to the general reserve.

Term Finance

The Company has no outstanding term loans (previous year NIL).

Capital Expenditure

The total capital expenditure during the year was ' 370.45 crores (previous year ' 336.69 crores) primarily spent on fixed assets for various manufacturing units, offices, laboratories, warehouses and on information technology.

Deposits

The Company has not accepted any deposits covered under Chapter V of the Companies Act, 2013 during the financial year 2021-22 (previous year NIL).

Subsidiaries

Investment in Subsidiaries

During the year, total investment of ' 104.94 crores (previous year ' 2,323.04 crores) was made in domestic subsidiaries.

The investments in domestic subsidiaries were in Madhumala Ventures Pvt Ltd amounting to (' 54.96 crores), Pidilite C-Techos Walling Ltd (' 1.21 crores) and Cipy Polyurethanes Private Limited (? 48.77 crores).

During the year

a. Scheme of Amalgamation of Pidilite Adhesives Private Limited (PAPL) with the Company was approved by the Hon?ble National Company Law Tribunal, Mumbai Bench on 7th March, 2022. The scheme is effective from 1st April, 2022 which is the appointed date. The Company has completed the statutory requirements including filing of Form INC28 with the Ministry of Corporate Affairs and hence PAPL stands dissolved.

b. Scheme of Amalgamation of Cipy Polyurethanes Private Limited (CIPY) with the Company was approved by the Hon?ble National Company Law Tribunal, Mumbai Bench on 23rd March, 2022. The scheme is effective from 1st April, 2022 which is the appointed date. The Company has completed the statutory requirements including filing of Form INC28 with the Ministry of Corporate Affairs and hence CIPY stands dissolved.

c. The Company through its subsidiary Madhumala Ventures Pvt. Ltd. made investments in early-stage companies which would augment our capabilities.

d. The names of following two subsidiaries have been struck off by the Registrar of Companies u/s 248 of the Companies Act during the F Y 2021-22 in absence of any business, since their incorporation:

(i) Pidilite C-Techos Pvt. Ltd. and (ii) Pidilite Grupo Puma Pvt.Ltd.

e. ICA Pidilite Pvt Ltd, subsidiary of the Company made Buy back of shares from all shareholder?s resulting into reduction in investments of the Company by ' 11.28 crores.

Performance of Major Domestic and Overseas Subsidiaries

Name of Subsidiary Sales Sales % Growth EBITDA EBITDA % Growth
2021 -22 2020-21 2021-22 2020-21
Nina Percept Pvt Ltd 258.59 176.63 46.4% (25.42) (26.93) 5.6%
ICA Pidilite Pvt Ltd 272.12 178.21 52.7% 40.99 25.19 62.7%
CIPY Polyurethanes Pvt Ltd 126.84 89.68 41.4% 12.35 1.63 658.0%
Pidilite Adhesives Pvt Ltd 495.74 168.32* 194.5% 160.86 60.32* 166.6%
Pidilite Speciality Chemicals Bangladesh Pvt Ltd 171.74 110.80 55.0% 31.47 17.04 84.7%
Pidilite Lanka (Pvt) Ltd 59.58 42.17 41.3% 4.53 6.45 (29.8%)
Pidilite USA Inc 128.49 141.30 (9.1%) 8.24 18.61 (55.7%)
Pulvitec do Brasil Industria e Comercio de Colas e Adesivos Ltda 95.50 105.65 (9.6%) 1.30 23.70 (94.5%)
Pidilite Industries Egypt SAE includes PIL Trading (Egypt) Company 46.78 36.90 26.8% (4.22) (0.77) (445.4%)
Pidilite Bamco Ltd includes Bamco Supply and Services Ltd (Thailand) 56.66 62.37 (9.2%) 6.86 8.76 (21.7%)
Pidilite MEA Chemicals LLC (UAE) 133.93 110.22 21.5% 1.22 (3.13) 138.9%

Overseas subsidiaries figures are at constant currency.

'Sales and EBITDA for Pidilite Adhesives Pvt. Ltd. for FY 2020-21 are from 4th November, 2020 to 31st March, 2021 and therefore not comparable with FY 2021-22.

Domestic Subsidiaries in Consumer and Bazaar segment registered good sales growth and healthy margins. The Subsidiaries sales growth in Business to Business segment showed signs of revival but EBITDA remained under pressure due to higher input costs.

Pidilite Bangladesh reported strong volume-led growth across categories with healthy EBITDA margin on back of improved gross margin due to pricing actions and cost control measures.

Pidilite Lanka continued with its sales growth momentum in a very challenging economic environment. However, the profitability was significantly impacted due to socioeconomic and political crisis and steep currency devaluation.

Pidilite USA posted sales and EBITDA decline primarily due to moderation of demand in hobby and craft products in the post pandemic period as well as material cost increases.

Pidilite Brazil recorded lower sales mainly on account of overall economic slowdown and higher growth in the prior year due to fiscal stimulus. Operating profits remain low due to significant input cost inflation and competitive pricing pressure.

Our subsidiary in the Middle East reported healthy sales performance on account of good demand from re-export market.

Consolidated Financial Statements

In accordance with the provisions of Companies Act, 2013 (hereinafter referred to as ‘the Act?), Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as ‘Listing Regulations?) and applicable Accounting Standards, the Audited Consolidated Financial Statements of the Company for the financial year 2021 -22, together with the Auditor?s Report, form part of this Annual Report. A statement containing the salient features of the Company?s subsidiaries, associate and joint venture company in the prescribed Form AOC- 1, are set out in Note No. 59 to the Consolidated Financial Statements.

The Consolidated Financial Statements have been prepared on the basis of audited financial statements of the Company, its subsidiaries, associate company and joint venture, as approved by their respective Board of Directors except Pulvitec Do Brazil Industria e Comercio de Colas e Adesivos Ltda which has been approved by the local administrator and Plus Call Technical Services LLC, Dubai for which the financial statements has been approved by the management.

The accounts of the subsidiaries are also uploaded on the website of the Company, www.pidilite.com.

Directors and Key Managerial Personnel

Smt. Meher Pudumjee was appointed as an Additional Director of the Company, by the Board on the recommendation of Nomination and Remuneration Committee, with effect from 18th May, 2022. Members? approval is sought for her appointment as an Independent Director of the Company for a period of five years with effect from 18th May, 2022.

Shri Sudhanshu Vats was appointed as an Additional Director designated as Deputy Managing Director, by the Board on the recommendation of Nomination and Remuneration Committee, with effect from 18th May,

2022. Members? approval is sought for his appointment as Whole Time Director designated as Deputy Managing Director of the Company for a period of five years with effect from 18th May, 2022.

Shri A B Parekh Whole Time Director has been appointed by the Board as Executive - Vice Chairman with effect from 11th August, 2021.

Shri Puneet Bansal, resigned with effect from 16th September 2021, as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company. Shri Pradip Menon, Chief Financial Officer (Key Managerial Personnel) of the Company, resigned with effect from 21st December, 2021.

In terms of Section 203 of the Act and applicable provision of Listing Regulations, the Board of Directors have appointed Smt. Manisha Shetty as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from 11th March, 2022 and Shri Sandeep Batra as Chief Financial Officer (Key Managerial Personnel) of the Company with effect from 1st June, 2022.

In accordance with the Act and the Articles of Association of the Company, Shri A B Parekh and Shri N K Parekh, Directors of the Company, retire by rotation and being eligible, offers themselves for re-appointment.

Amendment of Article 22 of Articles of Association of the Company

The Board of Directors have approved amendment of Article 22 of Articles of Association of the Company to increase the limit on maximum number of Directors from existing 15 Directors to 18 Directors. As per the amended Article 22 the number of Directors of the Company shall not be less than 3 (three) and not more than 18 (eighteen). Members? approval is sought to amend the existing Article 22 and to increase the maximum number of Directors.

Policy on Directors? remuneration

The policy on Directors? remuneration is available on the website of the Company, www.pidilite.com. The remuneration paid to the Directors is as per the terms laid out in the said policy.

Directors? Responsibility Statement

Your Directors confirm that:

• in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

• they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year ended 31st March, 2022 and of the profit of the Company for that period;

• they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

• they have prepared the annual accounts on a going concern basis;

• they have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

• they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

Annual Evaluation by the Board of its own performance, its Committees and individual Directors

The Board has put in place a mechanism for evaluation of its own performance and performance of its Committees and individual Directors. The evaluation of the Board,

Committees, Directors and Chairman of the Board was conducted based on the evaluation parameters, such as Board composition and structure, effectiveness of the Board, participation at meetings, domain knowledge, awareness and observance of governance, etc. For further details, please refer to the Report on Corporate Governance, which forms a part of this Annual Report.

Familiarisation Programme

The Company has put in place an induction and familiarization programme for all its Directors including the Independent Directors.

The familiarization programme for Independent Directors in terms of provisions of Regulation 46(2)(i) of the Listing Regulations is uploaded on the website of the Company. Number of Meetings of Board of Directors

Seven meetings of the Board of Directors of the Company were held during the financial year 2021 - 22. For further details, please refer to the Report on Corporate Governance, which forms a part of this Annual Report.

Statement of Declaration on Independence given by Independent Directors

All the Independent Directors of the Company have given declarations that:

a. they meet the criteria of independence as laid down under the Act and the Listing Regulations and

b. they have registered their names in the Independent Directors? Databank.

Corporate Governance

The Company is committed to good corporate governance practices. The Report on Corporate Governance, as stipulated under Listing Regulations, forms an integral part of this Annual Report. The requisite certificate from M/s M. M. Sheth & Co., Practising Company Secretaries, is attached to the Report on Corporate Governance, which forms a part of this Annual Report.

Management Discussion and Analysis Report

The Management Discussion and Analysis Report for the year under review, as stipulated under the Listing Regulations, is presented in a section forming part of this Annual Report. For the sake of brevity the items covered in this Report are not repeated in the Management Discussion and Analysis Report.

Committees of the Board

The following are the statutory Committees constituted by the Board and they function according to their respective roles and defined scope:

• Audit Committee

• Nomination and Remuneration Committee

• Corporate Social Responsibility Committee

• Stakeholders Relationship Committee

• Risk Management Committee

Details of composition, terms of reference and number of meetings held for respective Committees are given in the Report on Corporate Governance, which forms a part of this Annual Report. Further, during the year under review, all recommendations made by the Audit Committee have been accepted by the Board.

Corporate Social Responsibility (CSR) Report and Policy

The CSR Report as per Section 135 of the Act read with Companies (Corporate Social Responsibility Policy) Rules, 2014 and amendments thereto, is attached as Annexure 1 to this Report. The details of CSR Initiatives forms part of Social & Community Service Initiatives section of this Annual Report. CSR Policy can be accessed on website of the Company www.pidilite.com.

Vigil Mechanism / Whistle Blower Policy

The Company has established a Vigil Mechanism and Whistle Blower Policy for its Directors and employees. The said policy has been communicated to the Directors and employees of the Company and is also posted on the website of the Company. For further details, please refer to the Report on Corporate Governance, which forms a part of this Annual Report.

Policy relating to Prevention of Sexual Harassment

The Company has formulated a Prevention of Sexual Harassment Policy and has formed Internal Complaints Committee, as per statutory requirements. For further details, please refer to the Report on Corporate Governance, which forms a part of this Annual Report.

Statutory Auditors

In accordance with the provisions of the Act,

M/s Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No 117366W/W-100018) have been appointed as the Statutory Auditors of the Company, for a period of five years i.e., upto the conclusion of 54th AGM to be held for the adoption of accounts for the year ending 31st March 2023. Auditors have confirmed that they are not disqualified from continuing as Auditors of the Company.

There is no qualification or adverse remark in Auditors? Report. There is no incident of fraud requiring reporting by the Auditors under Section 143(12) of the Act.

Cost Auditor

The Company has maintained cost records as specified by Central Government u/s 148(1) of the Act. M/s. V J Talati & Co., Cost Accountants, were appointed as the Cost Auditor for the financial year 2021-22 to conduct the audit of the cost records of the Company and they have been reappointed as the Cost Auditor for the financial year 2022-23. In terms of the provisions of Section 148(3) of the Act, read with the Companies (Audit and Auditors) Rules, 2014, as amended, the remuneration payable to the Cost Auditor has to be ratified by the Members of the Company. Accordingly, at the ensuing AGM, the Board seeks ratification of the remuneration payable to the Cost Auditor for the financial year 2022-23.

Secretarial Auditor and Secretarial Audit Report

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s M. M. Sheth & Co., Practising Company Secretaries to undertake the Secretarial Audit of the Company for the financial year 2021-22. The Report of the Secretarial Auditors attached as Annexure 2 to this Report. There is no qualification or adverse remark in their Report.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

The particulars under Section 134 of the Act, read with the Companies (Accounts) Rules, 2014 are attached as Annexure 3 to this Report.

Risk Management

In compliance with Regulation 21 of the Listing Regulations, a Risk Management Committee has been constituted by the Board. The Risk Management Committee, also known as Risk Management Oversight Committee, is entrusted with roles and powers as specified in Part D of Schedule II of Listing Regulations.

The Company has laid out a risk management policy for identification and mitigation of risks. The Company has also constituted a Management Risk Committee which is chaired by the Managing Director and has Senior Leadership of the Company as its members.

The Management Risk Committee identifies the key risks for the Company, develops and implements the risk mitigation plan, reviews and monitors the risks and corresponding mitigation plans on a regular basis and prioritises the risks, if required, depending upon the effect on the business/reputation.

The other details in this regard are provided in the Report on Corporate Governance, which forms a part of this Annual Report.

Contracts and Arrangements with Related Parties

All contracts/arrangements entered into by the Company during the financial year under review, with related parties (as defined in the Act and Listing Regulations) were in the ordinary course of business and on an arm?s length basis. During the year, the Company did not enter into any contract/arrangement/transaction with related parties which could be considered as material in accordance with the Policy of the Company on Materiality of Related Party Transactions (RPT Policy) or which is required to be reported in Form No. AOC-2 in terms of Section 134(3)

(h) read with Section 188 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.

The RPT Policy, as approved by the Board, is available on the Company?s website: www.pidilite.com.

Disclosure of related party transactions with the promoter(s)/promoter(s) group which individually hold 10% or more shareholding of the Company, as per the Indian Accounting Standards, are set out in Note No. 44 the Standalone Financial Statements of the Company.

Particulars of Loans, Guarantees or Investments

Details of loans, guarantees or investments covered under the provisions of Section 186 of the Act are given in the Notes to the Financial Statements.

Employees Stock Option Scheme

The Employees Stock Option Scheme (Scheme) is in line with SEBI (Share Based Employee Benefits) Regulations, 2014 (SBEB Regulations). The certificate of Secretarial Auditors regarding implementation of the Scheme is available for inspection of Members in electronic mode.

The applicable disclosure, as stipulated under Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as on 31st March 2022 with regard to Scheme, is provided in Annexure 4 to this Report.

Extract of Annual Return

Extract of Annual Return of the Company is available on the website of the Company viz. www.pidilite.com.

Business Responsibility Report

A Business Responsibility Report as per Regulation 34 of the Listing Regulations, detailing the various initiatives taken by the Company on the environmental, social and governance front, forms an integral part of this Report.

Internal Control Systems and their Adequacy

The Company has adequate internal financial control procedures commensurate with its size and nature of business.

The Company has appointed Internal Auditors who periodically audit the adequacy and effectiveness of the internal controls laid down by the management and suggest improvements.

The Audit Committee of the Board of Directors approves the annual internal audit plan and periodically reviews the progress of audits as per approved audit plans along with critical internal audit findings presented by internal auditors, status of implementation of audit recommendations, if any, and adequacy of internal controls.

Significant/Material Orders Passed by the Regulators

There are no significant/material orders passed by the Regulators or Courts or Tribunals impacting the going concern status of the Company and its operations in future.

Particulars of Employees and Related Disclosures

Disclosure pertaining to remuneration as per Section 197(12) of the Act, read with Rule 5(1) of the Companies

(Appointment and Remuneration of Managerial Personnel) Rules, 2014 is attached as Annexure 5 to this Report.

Details of employee remuneration as required under provisions of Section 197 of the Act, and Rule 5(2) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any modifications, thereof) shall be made available to any shareholder, on request.

General

The Company has neither issued equity shares with differential rights nor any sweat equity shares.

There have been no material changes and commitments affecting the financial position of the Company between the end of financial year and the date of this Report.

The Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Meetings of the Board of Directors and General Meetings.

Appreciation

Your Directors wish to place on record their appreciation of the contribution made by the employees at all levels to the continued growth and prosperity of your Company. Your Directors also wish to place on record their appreciation to the shareholders, dealers, distributors, consumers, banks and other financial institutions for their continued support.

FOR AND ON BEHALF OF THE BOARD
Mumbai M B Parekh
Date : 18th May, 2022 Executive Chairman

   

Pidilite Industries Ltd Company Background

A B ParekhBharat Puri
Incorporation Year1969
Registered Office7th Floor Regent Chambers,J Bajaj Marg 208 Nariman Point
Mumbai,Maharashtra-400021
Telephone91-22-28357000,Managing Director
Fax91-22-28216007
Company SecretaryManisha Shetty
AuditorDeloitte Haskins & Sells LLP
Face Value1
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarTSR Consultants P Ltd
C-101 1st Floor,247 Park Vikhroli W,Lal Bahadur Marg,Mumbai - 400 083

Pidilite Industries Ltd Company Management

Director NameDirector DesignationYear
M B Parekh Executive Chairman 2022
N K Parekh Vice Chairman 2022
Bansi S Mehta Independent Director 2022
Bharat Puri Managing Director 2022
A B Parekh Executive Vice Chairman 2022
A N Parekh Whole-time Director 2022
Sanjeev Aga Independent Director 2022
Uday Khanna Independent Director 2022
Meera Shankar Independent Director 2022
Vinod K Dasari Independent Director 2022
Piyush Pandey Independent Director 2022
Rajeev Vasudeva Independent Director 2022
Debabrata Sujit Gupta Whole-time Director 2022
Manisha Shetty Company Secretary 2022
Meher P Pudumjee Addtnl Independent Director 2022
Sudhanshu Vats WTD & Additional Director 2022

Pidilite Industries Ltd Listing Information

Listing Information
BSE_500
BSE_100
BSE_200
BSEDOLLEX
NIFTYJR
CNX500
CNX100
CNX200
CNXCOMMODI
BSEGREENEX
BSECARBONE
NFT100EQWT
BSEALLCAP
BSELARGECA
BSEMETERIA
BSEMANUFAC
NFTQULTY30
SENSNEXT50
LMI250
BSEDSI
BSELVI
NFT100LV30
BSE100LTMC
NFTYLM250
NFTY200Q30
NFTYALV30
NFTY200M30
NF500M5025

Pidilite Industries Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Goods NA 0006290.43
Export Incentives NA 00019.07
Sale - Scrap NA 00011.37
Other Operating Revenue NA 0008.32
GST/Excise Refund NA 0003.4
Resale of Raw Material\Pkg MatNA 0000
Chemicals(Traded) NA 0000
Chemicals KL 0000
Chemicals MT 0000
Chemicals NA 0000
Dyes NA 0000
Dyes(Traded) NA 0000
Dyestuffs KL 0000
Dyestuffs MT 0000
Others No 0000
Others - Traded NA 0000
Sales NA 0000
Traded Goods NA 0000

Contact us Contact us