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Pidilite Industries Ltd. said its board of directors approved a bonus issue of equity shares in the ratio of 1:1 and declared a special interim dividend of ₹10 per share for the financial year 2025–26.
According to the filing with the stock exchanges, the bonus issue will be subject to shareholder approval through a postal ballot. The company will issue one fully paid-up equity share of face value ₹1 for every one equity share held as of the record date, which will be announced separately.
The board also approved a proposal to increase the authorised share capital of the company from ₹99 crore to ₹125 crore.
The special interim dividend will be paid on August 29 to shareholders whose names appear in the register of members as on the record date of August 13.
The bonus shares will be issued out of the securities premium account. As of June 30, 2025, the available balance stood at ₹102.45 crore. The estimated number of shares to be issued is 50.87 crore, based on the current paid-up share capital. The company expects to credit or dispatch the bonus shares by October 3.
The decisions were made at the board meeting held on August 6, which commenced at 11:30 a.m. and concluded at 2:10 p.m.