Pidilite Industries fined ₹39.98 Lakhs by GST authorities; company reviewing appeal options
Pidilite Industries confirmed receipt of an order imposing a penalty of ₹39,98,741 for FY 2018-19. The company is reviewing the order and evaluating appeal options. No material impact on financials or operations is anticipated.
The penalty amount is relatively small compared to the company's overall revenue and operations, and the company has stated there is no material impact, thus the impact is considered low.
The company has been fined, which is negative, but it is reviewing its options to appeal and states there is no material impact on its financials or operations, making the overall sentiment neutral.
Pidilite Industries Limited has received an Order-in-Appeal dated June 30, 2026, from the Deputy Commissioner of State Tax, Appeal, confirming a penalty of ₹39,98,741. This penalty was initially imposed by an Order-in-original dated April 16, 2024, under the Central Goods and Services Tax Act for the Financial Year 2018-19.
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 stated that there is no material impact on its financials, operations, or other activities due to this order.
This disclosure is being made at the earliest opportunity after examining the order and ascertaining the full facts. The information is also being hosted on the company's website, www.pidilite.com.
What to do with a filing like this
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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See the model portfoliosA plain-language summary of a public exchange filing by Pidilite Industries Limited. Read the original for the full detail.