Pidilite Industries Receives Order-in-Appeal Imposing Penalty of Rs. 15,18,927
Pidilite Industries Limited announced that it received an Order-in-Appeal dated May 25, 2026. The order, which was issued by the Deputy Commissioner of State Tax, Appeal, Nodal-14, Mumbai, imposes a penalty on the company.The penalty pertains to applicable provisions of the Central Goods and Services Tax Act for the Financial Year 2021-22.
The key details of the order are as follows:
| Parameter | Detail |
|---|---|
| Penalty Amount | Rs. 15,18,927/- |
| Order Date | May 25, 2026 |
| Legal Framework | Central Goods and Services Tax Act |
| Financial Year | 2021-22 |
The company stated that the received order is appealable. Pidilite Industries Limited is currently reviewing the order and evaluating potential next steps. While the company intends to exercise its right to appeal to the highest authority permitted by law, it confirmed that the matter has no material impact on the financials, operations, or other activities of the company.
PIDILITIND Stock Price Movement
Shares of Pidilite Industries Limited are edging higher to ₹1478.2 as of 12:49 PM today, gaining 0.07% on the day. The stock is currently trading on strong momentum, bolstered by a high volume of 103,977 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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