Pidilite gets Rs 10.42 lakh GST penalty order for FY21
PIDILITIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty 100 and 2.8 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Pidilite Industries received an order from the Central GST and Central Excise Superintendent in Fatuha, Bihar, imposing a penalty of Rs 10,42,207 under the Central GST Act for FY 2020-21. The company says the order is appealable and there is no material impact on its financials, operations, or activities. It is reviewing the order and evaluating next steps, including the right to appeal to the highest authority permitted by law.
Small penalty relative to company size, no material financial or operational impact expected. Outcome of any appeal could slightly alter the position.