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.
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.
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.
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.
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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.
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.
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Published on: Jul 2, 2026, 3:59 PM IST
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