Pidilite Industries announced it received GST orders imposing cumulative penalties totaling approximately ₹1.21 million. These penalties cover the fiscal years 2021-22 through 2024-25 and were issued by the Assistant Commissioner (ST) in Andhra Pradesh. The company is currently reviewing the orders and assessing its right to appeal to the highest authority. Pidilite confirmed that the orders have no material impact on its current financials or operations.
Receipt of Tax Assessment Orders
Pidilite Industries Limited has informed the stock exchanges that it has received formal Orders concerning the Goods and Services Tax (GST) regime. These orders were issued on March 24, 2026, by the Assistant Commissioner (ST) stationed in the Atchuthapuram Circle, Visakhapatnam II, Andhra Pradesh.
Details of Imposed Penalties
The assessment orders impose significant financial liabilities across two primary periods:
- For the fiscal years 2021-22 to 2023-24, a penalty amounting to Rs. 1,17,21,593/- has been levied.
- For the subsequent fiscal year, FY 2024-25, an additional penalty of Rs. 3,76,616/- has been imposed.
These amounts have been levied under the applicable provisions of the Central Goods and Services Tax Act.
Management Response and Financial Outlook
The management confirmed that the Orders received are appealable. The Company is currently undertaking a thorough review of the orders to evaluate the appropriate next steps, intending to exercise its right to appeal to the highest permissible authority as allowed by law. Importantly, the Company has explicitly stated that the receipt of these orders will result in no material impact on its ongoing financials, operational performance, or other core business activities.
The comprehensive disclosure, along with associated filings, has been made public and is accessible on the Company’s official website, www.pidilite.com.
Source: BSE
