Pidilite Industries Limited Recommends Dividend for the Financial Year Ended 31 March 2024
June 12, 2024 at 10:37 am IST
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The Board of Directors of Pidilite Industries Limited at its meeting held on 7th May, 2024, have recommended a dividend of INR 16.00/- per equity share of INR 1/- each held as on the date of book closure for the dividend payment, for the Financial Year ended 31st March 2024. The Company is required to deduct tax at source at the time of making the payment of the dividend, if approved, at the upcoming Annual General Meeting (AGM).
Pidilite Industries Limited is an India-based manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products, and polymer emulsions. The Company, together with its subsidiaries, is focused on consumer and industrial specialty chemicals. The Company's segments include Consumer and Bazaar (C&B), Business to Business (B2B), and Others. The C&B segment covers the sale of products mainly to end consumers, which are retail users such as carpenters, painters, plumbers, mechanics, households, students and offices, among others. The Company's products include adhesives, sealants, art and craft materials and construction and paint chemicals. The B2B segment includes industrial products such as adhesives, synthetic resins, organic pigments, pigment preparations, construction chemicals (projects) and surfactants, among others. It caters to various industries, such as packaging, textiles, joineries, printing inks, paper and leather, among others.