Pidilite Industries fined ₹21.44 Lakhs by GST authorities, plans appeal
Pidilite Industries received a penalty of ₹21.44 Lakhs from GST authorities for FY 2022-23. The company is reviewing the order and plans to appeal to the highest authority. There is no material impact on financials or operations.
The company explicitly stated that there is no material impact on its financials, operations, or other activities.
The company has been fined by GST authorities, which is a negative development.
Pidilite Industries Limited has received an Order-in-Appeal dated 30th June, 2026, from the Deputy Commissioner of State Tax, Appeal, MUM-APP-E-1101, Mumbai. This order confirms a penalty of ₹21,44,192/- imposed under the Central Goods and Services Tax Act for the Financial Year 2022-23, as originally stated in an Order-in-original dated 9th May, 2024.
The company is currently reviewing the order and evaluating its next steps. Pidilite Industries intends to assess its legal options to appeal the decision to the highest authority as permitted by law. The company has stated that this penalty has no material impact on its financials, operations, or other business activities.
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Pidilite Industries Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. 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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