Should You Buy Pidilite Industries Shares On Record Date Declaration For 1:1 Bonus Issue?

Pidilite Industries, a blue-chip company in the specialty chemical sector, has declared a record date for its bonus shares corporate action. A total number of 50,86,69,085 equity shares of face value of Re.1/- each, amounting to Rs. 50,86,69,085/-, is a bonus issue plan declared by Pidilite Industries in order to reward its shareholders with additional shares free of cost.

Pidilite Industries Bonus Shares Record Date

"This is further to our intimation dated 12th September, 2025 informing the approval by the shareholders for issue of bonus equity shares in the ratio of 1:1. In this regard, we wish to inform that the Company has fixed Tuesday, 23rd September, 2025 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company," said Pidilite Industries in a stock exchange filing.

Pidilite Industries Bonus Issue Details

The company has announced the issuance of 50,86,69,085 equity shares of face value Rs 1 each, for a total of Rs 50,86,69,085, by means of a bonus issue in the ratio of 1:1, which means that one fully paid-up equity share will be issued for every one fully paid-up equity share owned as of the record date.

The bonus will be paid out via the Securities Premium Account as of June 30, 2025. This issue will result in an increase in the authorized share capital from Rs 99,00,00,000, encompassing 99 crore equity shares, to Rs 1,25,00,00,000, which consists of 125 crore equity shares.

The issued, subscribed, and paid-up capital would rise from Rs 50,86,69,085 encompassing 50,86,69,085 equity shares to Rs 1,01,73,38,170 including 1,01,73,38,170 equity shares, thereby doubling the company's equity structure. The company has adequate capitalization reserves, as shown by the audited balance sheet, dated March 31, 2025.

These reserves include Rs 1,335.38 crore in general reserve, Rs 102.45 crore in securities premium, Rs 0.50 crore in capital redemption reserve, and Rs 8,096.98 crore in retained earnings. Within two months after the Board's approval, which is on or before October 3, 2025, eligible stockholders will receive their bonus shares, according to Pidilite Industries.

Pidilite Industries Target Price

"Pidilite is trading with resilience, supported by a strong structure above Rs 3,030. A breakout above Rs 3,100 could trigger further momentum towards Rs 3,180-3,200. The stock enjoys robust demand across sectors, reflected in steady volume participation. Momentum indicators remain positive, suggesting dips may attract buyers. As long as Rs 3,030 is defended, the outlook stays bullish with potential to outperform peers in the short to medium term," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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