Bonus, Special Dividend Alert: Pidilite board approves first free share issue in 15 years; details here
Published on 06/08/2025 02:38 PM
Bonus, Special Dividend Alert: Pidilite board approves first free share issue in 15 years; details hereThis is the first bonus issue that Pidilite has issued for its shareholders after a decade-and-a-half. Back in 2018, Pidilite had also carried out a buyback of its equity shares, fixing a price of ₹1,000 per share to repurchase the stock.By Hormaz Fatakia August 6, 2025, 2:38:54 PM IST (Updated)2 Min ReadThe board of Pidilite Industries Ltd., the adhesive manufacturer, has approved the issue of bonus shares at the conclusion of its board meet on Wednesday, August 6.
Pidilite also announced its results for the June quarter, alongside the bonus issue for shares.
Pidilite's board approved a 1:1 bonus issue, which means shareholders will be entitled to receive one bonus share for every one share held.
This is the first bonus issue that Pidilite has issued for its shareholders after a decade-and-a-half.
The last instance of the company issuing free shares was back in March 2010, when it had also declared a 1:1 bonus, meaning shareholders had received one bonus share for every one share they held as on the record date.
Record date for the said bonus issue is also yet to be declared.
Additionally, Pidilite's board has also approved a special dividend for its shareholders at ₹10 per share. Record date for the special dividend has been fixed as August 13, 2025 and will be paid to shareholders by August 29, 2025.
Pidilite has regularly paid dividends to its shareholders, having paid ₹20, ₹16 and ₹11 per share in 2025, 2024 and 2023 respectively.
Back in 2018, Pidilite had also carried out a buyback of its equity shares, fixing a price of ₹1,000 per share to repurchase the stock.
For the June quarter, Pidilite reported a 18.7% growth in its net profit to ₹678 crore, while revenue, EBITDA and margins were also ahead of expectations.
Shares of Pidilite are trading 1.7% higher after the results and bonus announcement at ₹3,048.9. The stock is up 6.5% so far in 2025.Continue ReadingFirst Published: Aug 6, 2025 10:26 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBonus IssueBonus sharesPidilitePidilite IndustriesPidilite sharesshare market today