Pidilite Industries Limited has received an Order-in-Appeal from the Deputy Commissioner of State Tax, Mumbai, imposing a penalty of Rs. 15,18,927/- for the financial year 2021-22. The company is currently reviewing the order and evaluating its options to appeal to the highest authority. Pidilite has stated that this matter will have no material impact on its financials, operations, or other business activities.
Tax Order Received
Pidilite Industries Limited announced today that it has received an Order-in-Appeal from the Deputy Commissioner of State Tax, Appeal, Nodal-14, Mumbai. This order, dated 25th May, 2026, was received by the company on the same day via email. The order imposes a penalty amounting to Rs. 15,18,927/-.
Penalty Details and Financial Impact
The penalty has been levied under the applicable provisions of the Central Goods and Services Tax Act for the financial year 2021-22. Pidilite Industries Limited is currently undertaking a thorough review of the order. The company is evaluating its next steps and assessing its right to appeal the decision to the highest authority as permitted by law. Crucially, Pidilite has emphasized that this development will have no material impact on the company’s financials, operations, or any other aspects of its business activities.
Further Information
The company is filing this intimation at the earliest opportunity after examining the order and ascertaining the full facts. This information is also being hosted on the company’s official website, www.pidilite.com, for public access and record.
Source: BSE
