GST penalty of Rs 34.66 lakh confirmed at appeal, company to challenge further

Litigation LossRegulatory & Legal View source PDF Explain this filing

PIDILITIND · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹1588.40

prior close

₹1590.00

announcement price

In-mkt

timing

Nifty 100market+1.1%-0.3% vs market

Specialty Chemicals peers, median of 92sector+0.8%-0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and 0.1 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.7+1.1-0.3+0.8-0.1

Next day

-0.5+1.0-1.5+0.8-1.3

-2.0+0.4-2.4+0.4-2.4

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-1.8+0.5-2.3+0.6-2.4

-1.5+1.4-2.9-0.1-1.4

+0.4+1.1-0.7+1.2-0.8

15d

+1.2+2.0-0.8+0.0+1.2

+6.1+3.0+3.1+3.4+2.7

-1.2-1.4+0.2+7.5-8.8

-7.0-6.3-0.7+2.1-9.0

UpDownMarket · Nifty 100Sector · Specialty Chemicals peers, median of 92Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pidilite Industries has received an Order-in-Appeal dated July 8, 2026 from CGST Patna confirming a GST penalty of Rs 34.65 lakh for FY 2017-18. The original order was passed in November 2023. The company says there is no material impact on financials, operations or activities, and plans to evaluate further appeal to the highest authority.

Likely market impact

Penalty is small relative to company size. Company plans further appeal. No material impact stated by management.