Pidilite Industries Ltd. — Capital/Financing Update 2023

Mar 21, 2023

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21[st] March, 2023

The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14[th] floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock Code - PIDILITIND

Dear Sir,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Pidilite Ventures Pvt. Ltd. (PVPL) (Formerly known as Madhumala Ventures Pvt. Ltd.), a wholly owned subsidiary of the Company, has agreed to make further investment not exceeding Rs. 13,03,00,000/- (Rupees Thirteen Crore and Three Lakh only) in tranches over a period of time, in Finemake Technologies Private Limited, (Finemake) a company working to deliver technology driven high quality home interior products. The investment would be completed, subject to fulfilment of certain conditions mentioned in the agreement, by subscribing to compulsorily convertible preference shares which would, upon conversion, and taking into consideration the existing shareholding of the Company in Finemake, shall remain less than 45% on a fully diluted basis. The nature of subscription will be cash. Subscription to its shares is being done at a mutually agreed valuation, which has not been disclosed herein due to reasons of confidentiality.

The subscription of shares of Finemake is not a related party transaction. The promoter/ promoter group of PVPL have no interest in the Investee Company.

Thanking You,

Yours faithfully,

For Pidilite Industries Limited

MANISHA Digitally signed by MANISHA RAKESH RAKESH SHETTY SHETTY Date: 2023.03.21 16:20:50 +05'30'

Manisha Shetty Company Secretary

Regd. Office

Regent Chambers, 7th Floor Jamnalal Bajaj Marg 208 Nariman Point Mumbai 400 021

Pidilite Industries Limited

Corporate Office

Ramkrishna Mandir Road Andheri - E, Mumbai 400059, India T + 91 22 2835 7000 2835 7952 / 2835 7365 F +91 22 2830 4482 www.pidilite.com

ClN:L24100MH1969PLC014336