In furtherance to its earlier letter dated 13th June, 2024 and in terms of RBI approval, Bhimad Commercial Co. (Bhimad), a wholly owned subsidiary of the Company has completed the formalities for acquisition of Pargro Investments (Pargro). Accordingly, Pargro is now wholly owned subsidiary of Bhimad. Pidilite Industries has informed that the aforesaid transaction is a related party transaction and at arms’ length. This is not a material transaction and it does not have any impact on the management or control of the Company. The details as required pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023 are enclosed as Annexure I.
The above information is a part of company’s filings submitted to BSE.
