Pidilite Industries Imposes Penalty of Rs 46,98,047 Following CGST Order
Pidilite Industries Limited has received a penalty order concerning Central Goods and Services Tax (CGST) pertaining to transactions from Fiscal Years 2020-21 through 2022-23.The company received the Original Order dated June 30, 2026, via post on July 21, 2026, from the Assistant Commissioner of CGST & C. Ex. Division-III in Indore, Madhya Pradesh. The order imposes a penalty amounting to Rs 46,98,047/- under applicable provisions of the Central Goods and Services Tax Act.
Pidilite Industries is currently reviewing the issued Order and evaluating all subsequent steps related to the matter. The company has assessed its right to appeal this decision to the highest authority as permitted by law.
The company stated that there is no material impact on the financials, operations, or other activities of Pidilite Industries Limited resulting from this penalty.
PIDILITIND Stock Price Movement
Pidilite Industries Limited shares rallied today, closing at ₹1608.6 after gaining 1.11% in post-market trading. The stock traded a strong session, surging to near peak levels and recording volume exceeding 1.5 million shares.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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