Pidilite Industries has received an Order-in-Appeal from the Deputy Commissioner of State Tax, Appeal, Mumbai, confirming a penalty of Rs 21,44,192 for FY 2022-23. The order, dated June 30, 2026, upholds the penalty originally imposed on May 9, 2024, under applicable provisions of the Central Goods and Services Tax Act. The company stated that the order is appealable and it is currently evaluating the next steps, including the possibility of appealing to the highest authority permitted by law.

Financial Impact and Assessment

The company confirmed that there is no material impact on its financials, operations, or other activities as a result of this order. Management is reviewing the order to ascertain the full facts before deciding on the further course of action. The intimation regarding this development was filed at the earliest opportunity upon examining the order.

Penalty Details

Pidilite Industries has received an Order-in-Appeal confirming a penalty of ₹39,98,741 for FY 2018-19 under the Central Goods and Services Tax Act. The order, dated June 30, 2026, was issued by the Deputy Commissioner of State Tax, Appeal, in Mumbai. The penalty was initially imposed via an Order-in-Original dated April 16, 2024.

The company is currently reviewing the order and evaluating the next steps, including the possibility of exercising its right to appeal to the highest authority permitted by law. Pidilite Industries stated that there is no material impact on its financials, operations, or other activities as a result of this order.

Details of the Order

The disclosure regarding the penalty was submitted to the stock exchanges on July 2, 2026. The following table summarizes the key details of the regulatory order:

The company confirmed that the intimation is being filed at the earliest opportunity after examining the order and ascertaining the full facts. This information is also available on the company's website.