Shares of Pidilite Industries Ltd ended 1.5% higher after touching a day’s high of Rs 3,058 on 6th August. The company’s board met today to consider a bonus issue of shares, marking its first such move in 15 years.

The last bonus issue by Pidilite was in March 2010, offering a 1:1 bonus to shareholders.

The record date for the proposed bonus issue is yet to be announced. In the same meeting, the board also reviewed the company’s June quarter results, which are expected to show 9% revenue growth and a 7.5% rise in EBITDA. Volume growth is projected between 8% and 10%.

Pidilite’s shares have gained 4.5% this year and are currently trading at Rs 2,994. The company has maintained steady dividends, paying Rs 20 per share in 2025, Rs 16 in 2024, and Rs 11 in 2023.

Pidilite’s last share buyback was in 2018 at Rs 1,000 per share. Its consistent dividends and the proposed bonus issue highlight its focus on rewarding shareholders. Investors and analysts are closely watching these developments, as they could signal stronger growth and value creation ahead.

At 3:30 PM, the shares of Pidilite Industries ended 1.48% higher at Rs 3,042 on NSE.

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