Pidilite Industries Limited has informed the Exchange about Action(s) initiated or orders passed
PIDILITIND · price
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Pidilite Industries received an Order-in-Appeal dated 29th May 2025 from the Commissioner (Appeals), CGST, Customs & Central Excise Indore, confirming a penalty of Rs. 97,88,227/- originally imposed under the Central GST Act, 2017. The penalty relates to the financial years 2017-18, 2018-19, and 2019-20. The company has stated that it is reviewing the order and plans to exercise its right to appeal further to the highest authority. Pidilite 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 business, and the company has confirmed no material financial or operational impact. Shareholders are unlikely to see any meaningful effect on the stock price, though the matter remains open pending further appeal.