Pidilite Industries Receives GST Penalty Orders Worth ₹1.21 Crore from Andhra Pradesh Authorities

1 min read     Updated on 25 Mar 2026, 11:09 PM
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AI Summary

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 Day5 Days1 Month6 Months1 Year5 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?

Pidilite Industries schedules investor meeting with ICICI Prudential Mutual Fund for March 27, 2026

1 min read     Updated on 24 Mar 2026, 02:44 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Pidilite Industries Limited has announced a scheduled analyst and institutional investor meeting with ICICI Prudential Mutual Fund for March 27, 2026, in Mumbai. The disclosure was made pursuant to SEBI regulations requiring transparency in corporate communications with institutional investors.

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Pidilite Industries Limited has announced a scheduled analyst and institutional investor meeting with ICICI Prudential Mutual Fund, as disclosed to the stock exchanges under SEBI regulations. The meeting represents part of the company's ongoing investor engagement activities and regulatory compliance requirements.

Meeting Details

The company has provided specific details about the upcoming investor interaction:

Parameter: Details
Date: March 27, 2026
Time: 3:00 PM to 4:00 PM
Meeting Partner: ICICI Prudential Mutual Fund
Venue: Mumbai
Mode: Physical
Type: Single Institution

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about scheduled meetings with analysts and institutional investors to ensure transparency in corporate communications.

The company has notified both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting. The information has also been made available on the company's official website at www.pidilite.com for broader stakeholder access.

Important Considerations

Pidilite Industries has included a standard disclaimer noting that the meeting dates are subject to changes. Such modifications may occur due to exigencies on the part of either the investors or the company, providing flexibility for both parties to accommodate unforeseen circumstances.

The meeting notification was signed by Manisha Shetty, Company Secretary, from the company's registered office at Regent Chambers, Nariman Point, Mumbai. This formal communication ensures proper documentation and regulatory compliance for the scheduled investor engagement.

Historical Stock Returns for Pidilite Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.27%-4.20%-13.87%-12.87%-10.34%+40.71%

What strategic initiatives or business updates is Pidilite likely to discuss that could influence ICICI Prudential's investment decisions?

How might this institutional engagement affect Pidilite's stock price and trading volume in the near term?

Will this meeting lead to increased institutional ownership in Pidilite, and what impact could that have on retail investor sentiment?

More News on Pidilite Industries

1 Year Returns:-10.34%