Pidilite Industries , a leading manufacturer of adhesives and sealants, has received a penalty order of Rs 13,41,276 from the State Tax Officer, Mobile Squad Bhilad Division 8 Vapi, under the Central Goods and Services Tax Act. The company disclosed this information in a regulatory filing to the stock exchanges on October 27, 2025.

Key Details of the Penalty Order

Company's Response

Pidilite Industries has stated that it is currently reviewing the order and evaluating the next steps. The company is considering exercising its right to appeal to the highest authority as permitted by law. In its disclosure, Pidilite Industries emphasized that there is no material impact on the company's financials, operations, or other activities as a result of this penalty order.

Regulatory Compliance

The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pidilite Industries assured stakeholders that upon examining the order and ascertaining full facts, the intimation is being filed at the earliest opportunity.

As the situation develops, stakeholders will be keen to see how Pidilite Industries addresses this regulatory challenge.

Pidilite Industries , a leading manufacturer of adhesives and construction chemicals, has announced the passing of Shri Piyush Pandey, an Independent Director on the company's board. The news was communicated to the stock exchanges on October 24, 2025.

Official Announcement

The company formally notified the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this development through an official communication. Manisha Shetty, the Company Secretary of Pidilite Industries, signed the intimation, which was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Announcement

The official statement from Pidilite Industries read, "With deep regret, we wish to inform you that Shri Piyush Pandey, an Independent Director of the Company, passed away on 24th October 2025."

Impact on Corporate Governance

The passing of an Independent Director is a significant event for any publicly listed company. Independent Directors play a crucial role in maintaining corporate governance standards, providing unbiased opinions, and safeguarding the interests of minority shareholders.

About Pidilite Industries

Pidilite Industries is known for its wide range of products in the adhesives and construction chemicals sector. The company's registered office is located at Regent Chambers, 7th Floor, Jamnalal Bajaj Marg, Nariman Point, Mumbai.

Recent Corporate Developments

On the same day as this unfortunate announcement, Pidilite Industries also disclosed another corporate development. The company received an Environmental, Social, and Governance (ESG) Score of 73.00 (Adjusted) from CFC Finlease Private Limited. This score was based on the company's Financial Year 2024-25 disclosures and other publicly available data.

As the company navigates through this period of loss, stakeholders will be keenly watching how Pidilite Industries addresses the vacancy on its board and continues to maintain its corporate governance standards.