Pidilite Industries Trades Ex-Bonus After 1:1 Issue; Stock Adjusts to ₹1492.70

September 23, 2025: The shares of Pidilite Industries experienced a significant price adjustment for the day, closing at ₹1492.70. The stock traded around the ₹ 3,035 levels on Monday before closing at ₹ 3,036.40. The price change reflects the ex-bonus adjustment following the company’s 1:1 bonus issue, which took effect on Tuesday.

The stock is trading ex-bonus as of September 23, which is also the record date for determining eligibility for the additional shares. Investors needed to buy the stock on or before September 22 under the T+1 settlement cycle to qualify for the bonus.

Details of the Bonus Issue

Under the 1:1 ratio, eligible shareholders receive one fully paid-up equity share for every share they hold. The company highlights that this move is intended to enhance retail participation and improve liquidity in the stock. The last reported bonus by the company was in March 2010.

Stock Price Movement

The stock closed at ₹1492.70 (effectively 1.73% down from the previous day’s close). The high-low level today remained between ₹1534 and ₹1482. Effectively, the stock has been moving sideways over the past six-month period, gaining around 5.07%, while declining by 3.71% in the previous month.

Key Dates of the Corporate Action

The record date for eligibility is September 23, 2025, and the ex-bonus date is the same. Investors must buy shares on or before September 22 (T+1 settlement) to qualify. Following the bonus, the stock price will adjust mathematically, resulting in an apparent halving of the quoted price. However, this does not indicate any decline in the company’s fundamentals. The move is aimed at enhancing liquidity, rewarding shareholders, and making the stock more affordable to a wider investor base.

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