Pidilite faces Rs 47 lakh CGST penalty for FY21-23, plans to appeal

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PIDILITIND · price

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

+1.0%Reaction day

₹1594.60

prior close

₹1604.40

announcement price

In-mkt

timing

Nifty 100market-0.8%+1.8% vs market

Specialty Chemicals peers, median of 94sector-0.9%+2.0% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty 100 and 2.0 pts more 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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10m

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15m

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30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-0.8+1.8-0.9+2.0

Next day

-1.9-1.3-0.6-1.8-0.1

-1.2-1.7+0.4-2.3+1.0

+1.2-0.7+1.9-0.5+1.7

+2.0-0.9+2.9-1.4+3.4

+2.2+0.2+2.1-0.7+2.9

+0.8+0.9-0.1-1.7+2.5

15d

+6.1+1.3+4.8+1.3+4.8

+3.7+0.4+3.3+0.7+3.0

-1.4-3.1+1.8+1.6-2.9

-7.1-6.4-0.7-3.2-3.9

UpDownMarket · Nifty 100Sector · Specialty Chemicals peers, median of 94Pending

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

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.