Pidilite Industries Limited — Updates, 01-04-2025: Press Release

Pidilite Industries has appointed Mr. Sudhanshu Vats as Managing Director and Mr. Kavinder Singh as Joint Managing Director, effective from April 10, 2025. This decision follows the completion of the term of the current Managing Director, Mr. Bharat Puri, who has led the company for a decade. Mr. Puri will transition to a Non-Executive and Non-Independent Director role for a term of three years, from April 10, 2025, to April 9, 2028.

The Board expressed gratitude for Mr. Puri's contributions, which have significantly enhanced shareholder value during his tenure. Executive Chairman M. B. Parekh highlighted the strategic shift in leadership, stating that the new appointments will guide the company into its next phase while continuing to build on its achievements and vision for the future. Investors may view this leadership transition as a pivotal moment, with the potential for continued growth under the new management structure.