Pidilite Industries Limited has informed the Exchange about Action(s) initiated or orders passed
PIDILITIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pidilite Industries has received an Order-in-Original dated 17th April, 2026 from the Joint Commissioner, CGST & C.Ex. Mumbai South, imposing a penalty of Rs. 79,67,910 (approximately Rs. 80 lakh). The penalty relates to the period 1st July 2017 to 31st March 2018 under the Central Goods and Service Tax Act, 2017. The company states the order is appealable and it is reviewing the order while evaluating its options to challenge it at the highest authority. Management has assessed there is no material impact on the company's financials, operations, or other activities. This appears to be a routine GST compliance matter that the company intends to contest.
The penalty amount of ~Rs. 80 lakh is relatively small for a company of Pidilite's scale (market cap ~Rs. 1.5 lakh crore), and management explicitly states no material impact. The stock is unlikely to be affected unless there is adverse media coverage or escalation of the matter.