Pidilite Industries Limited Confirms Tax Penalty After Appeal Order; No Material Impact Reported
Pidilite Industries Limited has received an Order-in-Appeal confirming a penalty related to tax matters, the company reported, stating that there is no material impact on its financials or operations.The appeal order was issued by the Deputy Commissioner of State Tax, Appeal, MUM-APP-E-1101, Mumbai, on June 30, 2026. This ruling confirms a penalty amount of Rs. 39,98,741. The penalty relates to applicable provisions of the Central Goods and Services Tax Act for the financial year 2018-19, originally imposed in an Order-in-original dated April 16, 2024.
The company is currently reviewing the order and evaluating subsequent steps regarding the tax matter. Pidilite has assessed its rights to appeal to the highest authority as permitted by law.
Financial specifics related to the confirmed penalty are detailed below:
| Metric | Detail |
|---|---|
| Penalty Amount | Rs. 39,98,741 |
| Date of Appeal Order | June 30, 2026 |
| Original Order Date | April 16, 2024 |
| Financial Year | 2018-19 |
Pidilite stated that upon examining the order and ascertaining all facts, the information was furnished promptly. The company confirmed that the penalty does not affect its operations or financial stability.
PIDILITIND Stock Price Movement
Pidilite Industries Limited shares are trending upward as of 11:18 AM, climbing to ₹1600.2 after gaining 1.16% or ₹18.30 in trading today. The stock is seeing active interest, with 225,878 shares traded so far and hovering within a wide intraday range.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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