Bonus, Special Dividend Alert: Pidilite board approves first free share issue in 15 years; details here

The 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.

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.