Pidilite Industries fined ₹21.44 Lakhs by GST authorities

Pidilite Industries Ltd has received an Order-in-Appeal from the Deputy Commissioner of State Tax, confirming a penalty of ₹21,44,192/- imposed under the Central Goods and Services Tax Act for the Financial Year 2022-23. The company is currently reviewing the order and evaluating its options, including a potential appeal to the highest authority. Pidilite has stated that this penalty has no material impact on its financials, operations, or other activities. The company is filing this intimation at the earliest opportunity after examining the order and ascertaining the full facts.