Pidilite Industries Limited has informed the Exchange about Action(s) initiated or orders passed
PIDILITIND · price
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Awaiting price reaction for this filing.
Pidilite Industries has received Orders-in-Appeal dated 5th March, 2026 from the Deputy Commissioner of State Tax, Mumbai, imposing a penalty of Rs. 26.41 lakh for FY 2019-20 and Rs. 15.91 lakh for FY 2020-21 under the Central Goods and Services Tax Act. The combined penalty comes to about Rs. 42.32 lakh. The company has stated that these orders are appealable and it is reviewing the matter with the intention to file a further appeal to the highest authority permitted under law. The company has clarified that there is no material impact on its financials, operations, or other activities.
The penalty amount is small relative to Pidilite's overall size and the company has flagged no material financial impact, so this is unlikely to move the stock. The key watchpoint is whether further appeals succeed in getting the penalty reduced or set aside.