Pidilite Industries Limited faces ₹15.19 Lakh penalty for FY21-22 under GST Act.
Pidilite Industries Limited received a penalty of ₹15.19 Lakh for FY21-22 under the GST Act. The company is reviewing the order and considering an appeal. No material impact on financials or operations is expected.
The penalty amount is relatively small compared to the company's overall revenue and operations, and the company has explicitly stated that there is no material impact on its financials or operations.
The company has received a penalty, which is a negative event. However, the company has stated that there is no material impact on its financials or operations and that it is considering an appeal, which mitigates the negative sentiment.
Pidilite Industries Limited has received an Order-in-Appeal dated 25th May, 2026, imposing a penalty of ₹15,18,927 under the Central Goods and Services Tax Act for the Financial Year 2021-22.
The order was received via email on 25th May, 2026, from the Deputy Commissioner of State Tax, Appeal, Nodal-14, Mumbai. The company is currently reviewing the order and evaluating the 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 the company's financials, operations, or other activities due to this penalty. The company is filing this intimation at the earliest opportunity after examining the order and ascertaining the full facts. The information is also being hosted on the company's website.
What to do with a filing like this
Pidilite Industries Limited filed this with the NSE as a statutory disclosure, categorised under taxation. 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.