Pidilite Ventures (PVPL), a wholly-owned subsidiary of Pidilite Industries Limited, has completed the transfer of its entire shareholding in Pepperfry Limited to TCC Concept Ltd through a 100% share swap transaction. According to the latest regulatory filing, the transfer was executed as part of TCC's acquisition of shares in Pepperfry, resulting in PVPL obtaining a 2.20% equity stake in TCC Concept Ltd. The transaction was announced after market hours on January 6, 2026, as reported by Upstox News.
The company has clarified that the transaction does not qualify as a related party transaction. According to the regulatory filing, the promoter and promoter group of PVPL do not have any interest in TCC Concept Ltd, ensuring the deal maintains arm's length characteristics under regulatory guidelines. This classification provides regulatory clarity for the share swap arrangement.
Pidilite Industries shares closed flat at ₹1,505 per unit on the National Stock Exchange (NSE) on Tuesday, with the development announced after market closure. According to Upstox News, the scrip has surged nearly 4% in the past week and more than 2% over the month. On a year-to-date basis, it has advanced 2.4%. The stock reached a 52-week high of ₹1,574.95 on September 3, 2025, while touching a year's low of ₹1,311.10 per equity share on March 3, 2025. Pidilite Industries has a total market capitalisation of ₹1.53 lakh crore as of January 6, 2026.
Pidilite Industries Ltd had reported strong financial performance in its recent quarterly results. The adhesive manufacturer posted an 8.2% year-on-year increase in consolidated net profit at ₹584.6 crore for the July-September quarter (Q2FY26), compared with ₹540.3 crore in the same period last year. During the quarter under review, revenue from operations increased 8.2% annually to ₹3,554 crore, compared to ₹3,235 crore in Q2FY25. The company's EBITDA increased 10.5% year-on-year to ₹850 crore, demonstrating robust operational performance across its business segments.
