Pidilite Industries fined ₹10.42 Lakhs by GST Dept for FY21
Pidilite Industries received a penalty of ₹10.42 Lakhs from the Central GST & C. Excise department for FY21. The company is reviewing the order and considering an appeal. No material impact on financials or operations is expected.
The penalty amount of ₹10.42 Lakhs is not material relative to the company's overall size and revenue, and the company has explicitly stated no material impact on financials or operations.
The company has received a penalty, which is negative, but it has also stated that there is no material impact on its financials and operations and is considering an appeal. Therefore, the sentiment is neutral.
Pidilite Industries Limited has received an Order-in-Original dated August 31, 2026, from the Superintendent of Central GST & C. Excise, Fatuha Range, Bihar. The order imposes a penalty of ₹10,42,207/- under the Central Goods and Services Tax Act for the Financial Year 2020-21.
The company is currently reviewing the order and evaluating its next steps, including the possibility of appealing to the highest authority as permitted by law. Pidilite Industries has stated that there is no material impact on its financials, operations, or other activities due to this order.
This disclosure is made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information is also available on the company's website.
A plain-language summary of a public exchange filing by Pidilite Industries Limited. Read the original for the full detail.