Pidilite Industries Limited has confirmed receiving an Order-in-Appeal dated 30th June 2026, upholding a penalty of Rs. 39,98,741/-. This penalty relates to an order from April 2024 concerning the financial year 2018-19. The company is currently reviewing the order and evaluating its options for appeal to the highest authorities, stating there is no material impact on its financials or operations.
Penalty Order Confirmed
Pidilite Industries Limited has officially acknowledged the receipt of an Order-in-Appeal, dated 30th June 2026. This appellate order confirms a penalty amounting to Rs. 39,98,741/-. The penalty was originally imposed via an order dated 16th April 2024 and pertains to the financial year 2018-19, under the provisions of the Central Goods and Services Tax Act.
Review and Appeal Process
The company is actively reviewing the received order and is in the process of assessing the next steps. Pidilite Industries Limited intends to evaluate its legal options and exercise its right to appeal to the highest competent authority as permitted by law. Importantly, the company has emphasized that this order has no material impact on its overall financials, operational activities, or any other business functions.
Disclosure and Transparency
The intimation regarding this order is being filed at the earliest opportunity, following a thorough examination of the order and the ascertained facts. This information is also being made available on the company’s official website, www.pidilite.com, ensuring transparency with stakeholders.
Source: BSE
