Pidilite Industries receives ₹10.4 lakh GST penalty for FY21
- Pidilite Industries received a GST penalty of ₹10,42,207 from Bihar authorities
- The order dated August 31, 2026 relates to FY21 compliance under CGST Act
- Company is reviewing the order and evaluating appeal options
- Management states no material impact on financials or operations
*this image is generated using AI for illustrative purposes only.
Pidilite Industries has been imposed a penalty of ₹10,42,207 by the GST authority in Bihar. The order relates to compliance issues for the fiscal year 2020-21.
The Superintendent of Central GST & C. Excise, Fatuha Range, issued the Order-in-Original on August 31, 2026. The company received the document via email on the same date.
Regulatory Context
The penalty was levied under applicable provisions of the Central Goods and Services Tax Act. The order is appealable, and Pidilite Industries is currently reviewing the matter to evaluate next steps.
The company stated it will assess its right to appeal to the highest authority permitted by law.
Financial Impact
Management confirmed that the penalty has no material impact on the company’s financials, operations, or other activities. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Detail | Information |
|---|---|
| Penalty Amount | ₹10,42,207 |
| Authority | Superintendent of Central GST & C. Excise, Fatuha Range, Bihar |
| Order Date | August 31, 2026 |
| Relevant FY | 2020-21 |
| Appeal Status | Under review |
The company secretary, Manisha Rakesh Shetty, signed the disclosure filed with both the BSE and NSE on September 1, 2026.
Historical Stock Returns for Pidilite Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.62% | -0.99% | +1.99% | +10.15% | +7.76% | +44.14% |
Will Pidilite Industries file an appeal against the GST penalty, and what is the estimated timeline for resolving this compliance dispute?
Are there any pending or potential GST audits in other states that could lead to similar penalties for Pidilite Industries?
How might this regulatory scrutiny impact investor sentiment regarding Pidilite's corporate governance and compliance frameworks?
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