Announced Wed, 22 Jul · 14:51 IST
Pidilite faces Rs 47 lakh CGST penalty for FY21-23, plans to appeal
Regulatory & Legal View source PDF
PIDILITIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹1594.60
prior close
₹1604.40
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AI summary
Pidilite Industries received a GST penalty order of Rs 46.98 lakh from the CGST authorities in Indore for financial years 2020-21 to 2022-23. The order dated 30 June 2026 was received on 21 July 2026. The company says the order is appealable, is reviewing it, and plans to exercise its right to appeal. The company states there is no material impact on its financials, operations, or other activities.
Likely market impact
Minor tax penalty of about Rs 47 lakh; company to appeal. No material impact on financials or operations as stated by management.