Pidilite Industries has informed that the Board of Directors of the Company at its Meeting held on December 26, 2017 has approved buyback proposal for purchase by the company of its own fully paid equity shares of Re 1 each ('Equity Share') not exceeding 50,00,000 Equity Shares. The Buyback would be subject to approval of the shareholders by way of a Special Resolution through Postal Ballot and all other applicable statutory approvals. Further, the public announcement setting out the process, timelines and other statutory details will be released in due course in accordance with the Buy-back Regulations. The Board has formed a Buyback Committee and has delegated its powers to the Buy-back Committee to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the Buyback.
The above information is a part of company’s filings submitted to BSE.
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