Pidilite Industries Share Price in Focus; Receives ₹21.44 Lakh GST Penalty Order

Pidilite Industries Limited has received an Order-in-Appeal confirming a penalty of ₹21,44,192 in relation to FY 2022-23 under the applicable provisions of the Central Goods and Services Tax (CGST) Act. 

The order was issued by the Deputy Commissioner of State Tax (Appeal), Mumbai, on 30 June 2026, and was received by the company on the same day. 

Penalty Confirmed in Appeal 

The appellate authority upheld the penalty that had originally been imposed through an Order-in-Original dated 9 May 2024. The matter pertains to the company's tax assessment for FY 2022-23. 

Following receipt of the order, Pidilite said it has begun reviewing the decision and is evaluating the available legal options. The company added that it will assess whether to exercise its right to file a further appeal before the highest authority permitted under law.  

Company Assesses Impact 

Pidilite stated that the appellate order does not have any material impact on its financials, operations or other business activities. 

The company also noted that the disclosure was made after examining the order and ascertaining the complete facts relating to the matter.  

About Pidilite Industries 

Pidilite Industries Limited is a manufacturer of adhesives, sealants, construction chemicals, waterproofing solutions, art materials and industrial products. Its portfolio includes several consumer and industrial brands, serving residential, commercial and infrastructure markets in India and overseas. 

Read More: ESAF Small Finance Bank Share Price in Focus as Deposits Rise 18.6% and Advances Grow 27.4% in Q1 FY27! 

Pidilite Industries Share Price Performance  

As of 02 July 2026, at 12:26 PM, Pidilite Industries Limited share price was trading at ₹1,609.90 per share, reflecting a surge of 1.77% from the previous trading session. 

Conclusion 

Pidilite Industries is reviewing the appellate order confirming the ₹21.44 lakh GST penalty relating to FY 2022-23, while saying that the matter has no material impact on the company's financial performance, operations or overall business activities.  

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

 Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Looking to invest]? Open a Demat Account with Angel One and start trading seamlessly.