Pidilite Industries Limited receives GST penalty order of ₹34.66 Lakhs
Pidilite Industries Limited received an appeal order confirming a GST penalty of ₹34.66 Lakhs for FY 2017-18. The company is reviewing the order and considering further appeal. No material impact on financials or operations is anticipated.
The penalty amount of ₹34.66 Lakhs is not material relative to the company's overall financial size, and the company has explicitly stated no material impact on financials or operations.
The company received a penalty order, which is typically negative. However, the company is reviewing its options for appeal and has stated no material impact on financials or operations, balancing the negative aspect.
Pidilite Industries Limited has received an Order-in-Appeal dated 08th July, 2026, confirming a penalty of ₹34,65,813/-. This penalty was initially imposed under the Central Goods and Service Tax Act, 2017 for the Financial Year 2017-18, as per an Order in Original dated 22nd November, 2023.
The company received the order via email on 9th July, 2026, from the Additional Commissioner (Appeals), CGST Patna. Pidilite Industries Limited is currently reviewing the order and evaluating its next steps, including the potential to appeal to the highest authority as permitted by law.
The company has stated that there is no material impact on its financials, operations, or other activities due to this order. The information is being hosted 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 other regulatory filings. 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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