Pidilite Industries fined ₹46.98 Lakhs by CGST Indore
Pidilite Industries received an order imposing a penalty of ₹46.98 Lakhs from CGST Indore for FY 2020-21 to 2022-23. The company is reviewing the order and considering an appeal. No material impact on financials or operations is anticipated.
The penalty amount of ₹46.98 Lakhs is relatively small compared to Pidilite's overall revenue and operations. Furthermore, the company has explicitly stated that there is no material impact on its financials or operations, limiting the impact.
The company has been penalized, which is a negative event. However, the company states there is no material impact on financials or operations and is considering an appeal, indicating a neutral stance on the overall situation.
Pidilite Industries Limited has received an Order in Original dated 30th June, 2026, which was received on 21st July, 2026, from the Assistant Commissioner of CGST & C. Ex. Division-III, Indore, Madhya Pradesh. The order imposes a penalty of ₹46,98,047/- under the Central Goods and Services Tax Act for the financial years 2020-21 to 2022-23.
The company is currently reviewing the order and evaluating its next steps, including the potential to appeal 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 as a result of this penalty. The company is filing this intimation at the earliest opportunity after examining the order and ascertaining all facts. This information is also available on the company's website, www.pidilite.com.
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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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