Pidilite Industries has received an order confirming a GST penalty of ₹34,65,813 for FY 2017-18, following an appeal decision by the Additional Commissioner (Appeals), CGST Patna. The Order-in-Appeal, dated July 8, 2026, upholds the penalty originally imposed via an Order in Original on November 22, 2023, under the Central Goods and Service Tax Act, 2017. The company received the communication via email on July 9, 2026.

The company is currently reviewing the order and evaluating the next steps in the matter. Management stated that an assessment will be made to exercise its right to appeal to the highest authority as permitted by law. Despite the confirmation of the penalty, Pidilite Industries clarified that there is no material impact on its financials, operations, or other activities.

Key Details of the Order

Pidilite Industries Limited has scheduled its 57th Annual General Meeting (AGM) for Tuesday, August 4, 2026, at 3:00 p.m. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The Board has recommended a final dividend of ₹11.50 per equity share of face value ₹1 each for the financial year ended March 31, 2026, subject to shareholder approval. The dividend will be paid on or after Friday, August 7, 2026, to members whose names appear in the records as of Thursday, July 23, 2026.

AGM Key Details

The meeting will be conducted in compliance with the Companies Act, 2013, and relevant SEBI and MCA circulars. The remote e-voting facility will be available from Friday, July 31, 2026, at 9:00 a.m. to Monday, August 3, 2026, at 5:00 p.m. The cut-off date to determine eligibility for voting is Tuesday, July 28, 2026.

Shareholder Information

The Annual Report for FY 2025-26 and the AGM notice have been sent electronically to shareholders with registered email addresses. Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the Company has issued letters providing a web-link and QR code of the Annual Report 2025-26 to those Members who have not registered their e-mail addresses with the Company or Depositories. This communication has been uploaded on the company website. National Securities Depository Limited (NSDL) has been engaged to provide the electronic voting facility. Shareholders holding shares in physical form must ensure their KYC details, including PAN and bank account information, are updated with the Registrar & Share Transfer Agent, MUFG Intime India Private Limited, to receive dividends electronically.