Pidilite Industries Confirms Tax Penalty of Rs 21,44,192 Following Order in Appeal
Pidilite Industries Limited has confirmed receipt of an Order-in-Appeal from the Deputy Commissioner of State Tax, Appeal, regarding a penalty imposed under applicable provisions of the Central Goods and Services Tax Act (CGST) for Fiscal Year (F.Y.) 2022-23.The order, dated June 30, 2026, confirmed a penalty amounting to Rs 21,44,192. This action was related to an original Order dated May 9, 2024.
Pidilite Industries stated that the matter is appealable and the company is actively reviewing the details of the order. The management is currently evaluating all next steps in the process and intends to assess its right to appeal the decision to the highest authority as permitted by law.
The company noted that there is no material impact on its financials, operations, or other activities following the confirmation of the penalty.
PIDILITIND Stock Price Movement
As of 11:09 AM, shares of Pidilite Industries Limited are edging higher to ₹1601.2, rallying by 1.22% in live trading. The stock trades on a brisk volume of 226,162 shares, maintaining strong buying interest mid-morning.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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