Subsidiary gets GST penalty of about Rs 2 crore, to appeal

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PIDILITIND · price

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Price reactionminutes from the announcement price · days from the prior close

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₹1457.50

prior close

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.5%-0.1% vs market

Specialty Chemicals peers, median of 89sector+0.4%+0.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty 100 and in line with its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Pidilite Industries' subsidiary Nina Percept received an Order-in-Original from the CGST office in Noida, imposing a penalty of about Rs 1.97 crore under the Central GST Act for financial years 2018-19 to 2020-21. The order is appealable. The company is reviewing it and plans to approach the highest authority. Pidilite says there is no material impact on its financials, operations or other activities.

Likely market impact

Small tax penalty on subsidiary for past years; company plans to appeal. No material impact on Pidilite as stated by management.