AI assistant
Pidilite Industries Ltd. — Capital/Financing Update 2023
May 19, 2023
61002_rns_2023-05-19_3ca0af96-313d-4753-9ddc-ed38947976bd.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [95 x 70] intentionally omitted <==
19[th] May, 2023
The Secretary BSE Ltd. Corporate Relationship Dept., 14[th] floor, P. J. Tower, Dalal Street, Fort Mumbai - 400 001 Stock Code – 500331
The Secretary National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Stock Code - PIDILITIND
Dear Sir,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Furter to our intimation dated 24[th] November 2021, our wholly owned subsidiary namely Pidilite Ventures Pvt. Ltd. (PVPL) (Formerly known as Madhumala Ventures Pvt. Ltd.), has agreed to make further investment of Rs. 1.50 crore (Rupees One Crore Fifty Lakhs only) in Constrobots Robotics Private Limited (Constrobot), through subscription to equity shares, consequent to which, PVPL’s stake in Constrobot shall remain less than 35% on a fully diluted basis. The nature of subscription will be cash. The investment is being made at a mutually agreed pre-money enterprise valuation, which has not been disclosed herein due to reasons of confidentiality.
The subscription of shares of the Investee Company 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: 2023.05.19 10:58:06 +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