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PIDILITINDNSEPidilite Industries Limited· Chemicals & PetrochemicalsHighNegative
Announced Thu, 2 Jul, 2026 · 11:00 IST

Pidilite Industries: GST appeal order confirms Rs 21.44 lakh penalty for FY23

Regulatory & Legal View source PDFExplain this filing

PIDILITIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+1.7%Reaction day
₹1580.80
prior close
₹1601.00
announcement price
In-mkt
timing
Nifty 100market+0.7%+1.0% vs market
Specialty Chemicals peers, median of 94sector+0.7%+1.0% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty 100 and 1.0 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
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Sessions after the filingfrom the prior close
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Reaction day
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Next day
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+3.6-0.1+3.6+7.0-3.5
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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 an Order-in-Appeal on 30 June 2026 from the Deputy Commissioner of State Tax, Mumbai, confirming a penalty of Rs 21,44,192 under the Central GST Act for FY 2022-23. The original order was passed on 9 May 2024. The company says the order is appealable and is reviewing its next steps. Pidilite plans to take the matter to the highest authority permitted by law and has stated there is no material impact on its financials, operations, or other activities.

Likely market impact

Small GST penalty confirmed at appeal; company plans to appeal further. No material impact on operations or financials stated.