Pidilite Industries receives GST penalty order of Rs 46.98 lakh

Pidilite Industries has received a penalty order of Rs 46,98,047 under the Central Goods and Services Tax Act for FY 2020-21 to 2022-23. The order, dated June 30, 2026, was issued by the Assistant Commissioner of CGST & C. Ex. Division-III, Indore, Madhya Pradesh, and was received via post on July 21, 2026. The company stated that the order is appealable and it is currently reviewing the findings to evaluate the next steps, including exercising its right to appeal to the highest authority permitted by law.

The company confirmed that there is no material impact on its financials, operations, or other activities as a result of this order. The disclosure was submitted to the exchanges on July 22, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Order

Parameter	Details
Authority	Assistant Commissioner of CGST & C. Ex. Division-III, Indore
Order Date	June 30, 2026
Receipt Date	July 21, 2026
Penalty Amount	Rs 46,98,047
Period	FY 2020-21 to 2022-23

Pidilite Industries indicated that upon examining the order and ascertaining the full facts, the intimation was filed at the earliest opportunity. The information has also been hosted on the company's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.09%	+3.42%	+2.32%	+13.14%	+8.50%	+39.25%

Pidilite Industries has appointed Suresh Kumar C as its Chief Human Resource Officer (CHRO) and Senior Management Personnel effective July 21, 2026. The appointment was made by the company's Nomination and Remuneration Committee during a meeting held on the same day. Suresh Kumar C, previously the Co-CHRO, brings over 33 years of experience at Pidilite, handling HR, Organization Development, and Strategic Initiatives.

Management Changes

The leadership restructuring involves a transition for the incumbent CHRO. Ashish Prasad, who currently serves as Chief Human Resource Officer, will be internally moved to the role of CBO - Strategic Initiatives. He will continue to serve as a Senior Management Personnel of the company.

Appointee Profile

Suresh Kumar C has a long-standing tenure with Pidilite Industries. His extensive experience spans over three decades within the organization, focusing on key human resources and organizational development functions.