The Board of Directors of Pidilite Industries Limited meeting held on January 29, 2020, approved the resignation of Mr. Sabyaschi Patnaik as a Whole Time Director of the Company, (designated as Director-Operations) with effect from the close of business hours of February 29, 2020. Mr. Patnaik has indicated that he is planning to pursue his other interest. The board approved the appointment of Mr. Debabrata Gupta as an Additional Director and also as a Whole Time Director of the Company, (designated as Director-Operations) with effect from March 1, 2020, subject to approval of shareholders of the Company. Mr. Debabrata Gupta has a multi-industry experience of over 30 years with noted corporates like Hindustan Unilever Limited, Coca Cola India, Reckitt Benckiser (India) Private Limited, USV Private Limited and UPL Limited.
Pidilite Industries Limited is an India-based manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products, and polymer emulsions. The Company, together with its subsidiaries, is focused on consumer and industrial specialty chemicals. The Company's segments include Consumer and Bazaar (C&B), Business to Business (B2B), and Others. The C&B segment covers the sale of products mainly to end consumers, which are retail users such as carpenters, painters, plumbers, mechanics, households, students and offices, among others. The Company's products include adhesives, sealants, art and craft materials and construction and paint chemicals. The B2B segment includes industrial products such as adhesives, synthetic resins, organic pigments, pigment preparations, construction chemicals (projects) and surfactants, among others. It caters to various industries, such as packaging, textiles, joineries, printing inks, paper and leather, among others.