Pidilite Industries Limited — Important, 20-12-2024: Updates

Allotment of 32,550 equity shares to employees under the Employee Stock Option Plan 2016 (ESOP-2016) has been confirmed. Of these, 28,050 shares were allotted at an exercise price of Re. 1/- per share, while 4,500 shares were allotted at Rs. 2390.75 per share. This allotment results in an increase in share capital from 50,86,13,505 shares to 50,86,46,055 shares. The shares allotted will rank equally with existing equity shares, reinforcing Pidilite Industries' commitment to its employee incentive program. This move may enhance employee satisfaction and retention, presenting a positive outlook for the company's workforce engagement.