Pidilite Industries Confirms Tax Penalty of Rs 34,65,813 After Appeal Order
Pidilite Industries Limited has confirmed a penalty amount following an appeal order received from the Additional Commissioner (Appeals), CGST Patna. The decision pertains to tax matters related to the Financial Year 2017-18.The company has been informed of the adverse finding which confirms a penalty of Rs 34,65,813/-. This penalty was originally imposed under the Central Goods and Service Tax Act, 2017, as detailed in an Order in Original dated November 22, 2023.
Pidilite Industries is currently reviewing the appealable order received on July 8, 2026. The company stated that it is evaluating its next steps and intends to assess the opportunity to exercise its right to appeal to the highest authority as permitted by law.
Regarding the financial impact, the company confirmed that there is no material effect of this matter on its operations, financials, or other business activities.
PIDILITIND Stock Price Movement
As of 3:06 PM, shares of Pidilite Industries Limited are gaining marginally in live trading, currently priced at ₹1592.6 after edging up 0.14%. The equity has maintained a tight intraday range, fluctuating between a low of ₹1585.8 and a high of ₹1613.8 amid heavy volume of 281,740 shares traded so far.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.