Pidilite Industries Receives GST Penalty Orders Worth ₹1.21 Crore from Andhra Pradesh Authorities
Pidilite Industries Limited has received GST penalty orders totaling ₹1,20,98,209 from the Assistant Commissioner (ST), Atchuthapuram Circle, Visakhapatnam II, Andhra Pradesh. The penalties cover FY 2021-22 to FY 2024-25, with ₹1,17,21,593 for FY 2021-22 to 2023-24 and ₹3,76,616 for FY 2024-25. The company is reviewing the orders and evaluating appeal options, stating no material impact on financials or operations.

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Pidilite Industries Limited has disclosed receiving GST penalty orders from tax authorities in Andhra Pradesh, totaling ₹1,20,98,209 across multiple financial years. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
GST Penalty Details
The penalty orders were issued by the Assistant Commissioner (ST), Atchuthapuram Circle, Visakhapatnam II, Andhra Pradesh, under applicable provisions of the Central Goods and Services Tax Act. The orders were dated 24th March, 2026 and received on the GST Portal on the same date.
| Period | Penalty Amount |
|---|---|
| FY 2021-22 to 2023-24 | ₹1,17,21,593 |
| FY 2024-25 | ₹3,76,616 |
| Total Penalty | ₹1,20,98,209 |
Company's Response and Next Steps
Pidilite Industries has confirmed that the orders are appealable and the company is currently reviewing them to evaluate the next course of action. The company has stated its intention to assess and exercise its right to appeal to the highest authority as permitted under law.
Key aspects of the company's response include:
- Review of the penalty orders is underway
- Evaluation of next steps in the matter
- Assessment of appeal options to the highest authority
- No material impact expected on company operations
Impact Assessment
The company has clarified that there is no material impact on its financials, operations or other activities due to these penalty orders. This disclosure has been made available on the company's website at www.pidilite.com for stakeholder information.
The disclosure was signed by Company Secretary Manisha Shetty and communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.
Historical Stock Returns for Pidilite Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.27% | -4.20% | -13.87% | -12.87% | -10.34% | +40.71% |
Will Pidilite's appeal process affect its GST compliance ratings and future tax audits across other states?
How might this GST penalty disclosure impact investor confidence and the company's stock performance in the near term?
Could this penalty indicate broader GST compliance issues that might surface in Pidilite's other operational regions?

































