Pidilite Ventures to Sell Finemake stake; Transaction Expected by Oct 15
Pidilite Ventures will sell its stake in Finemake Technologies to the founders. Finemake's FY26 revenue was ₹24.36 crore with a loss of ₹7.82 crore. The transaction is expected to complete by October 15, 2026.
The divested entity, Finemake, contributed a very small percentage (0.06%) to Pidilite's consolidated revenue and had a net loss, indicating a minimal impact on the overall business of Pidilite Industries.
The announcement is a routine divestment of an associate company. While the financials of Finemake are disclosed, there is no significant positive or negative impact on Pidilite Industries.
Pidilite Industries Limited announced that its wholly-owned subsidiary, Pidilite Ventures Pvt. Ltd. (PVPL), has entered into an agreement to transfer its entire shareholding in Finemake Technologies Private Limited (Finemake), an associate company of PVPL, to the founders of Finemake. The valuation details have been kept confidential. Upon completion of this transaction, Finemake will no longer be an associate company of PVPL.
For the financial year ended March 31, 2026, Finemake reported a revenue of ₹24.36 crore, which constituted 0.06% of Pidilite's consolidated revenue for the same period. Finemake’s Profit After Tax for FY26 was a loss of ₹7.82 crore, and its Net Worth was a negative ₹6.18 crore.
The transaction is expected to be completed by October 15, 2026. The consideration will be received in cash upon the completion of the transaction. The buyers are Nallu Rajashekar and Sambasiva Rao Chowdary Chana, the founders of Finemake, and they do not belong to the promoter, promoter group, or group companies of Pidilite. The transaction does not fall within related party transactions.
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Pidilite Industries Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Pidilite Industries Limited. Read the original for the full detail.