Pidilite Industries has received an order from the Joint Commissioner, Central GST Goa, imposing a penalty of Rs. 2,10,40,494. The order, dated October 31, 2025, relates to M/s Nina Percept Pvt Ltd, a subsidiary of the company. Pidilite is reviewing the order and will assess further actions, including exercising its right to appeal. The company states there will be no material impact on financials or operations.
Order Details
Pidilite Industries has received an order from the Joint Commissioner, Central GST Goa, imposing a penalty related to its subsidiary, M/s Nina Percept Pvt Ltd. The order, received via email on October 31, 2025, carries a penalty of Rs. 2,10,40,494.
Company’s Response
Pidilite Industries is currently reviewing the order and evaluating the next steps. The Company will make an assessment to exercise its right to appeal to the highest authority. Pidilite assures that the order will not have a material impact on the financials or operations of the company.
Next Steps
The Company confirms that full details are being reviewed and that the information is available on the company’s website.
Source: BSE
