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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Pidilite Industries Ltd

Pidilite Industries: Rs. 46.98 Lakh GST Penalty for FY21-23

REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 22 Jul 2026, 02:51 PM IST  ·  BSE ID: 3f71bf7f-04bd-42c9-882b-87e5167a9237
View Original BSE Filing (PDF)
💡
In Simple Terms
The company has been ordered to pay a penalty of Rs. 46,98,047 related to GST for the period 2020-2023.
🤖 AI Summary
  • Pidilite Industries faces a Rs. 46,98,047 GST penalty for FY21-23.
  • The penalty was imposed by the Assistant Commissioner of CGST, Indore.
  • The company is reviewing the order and considering an appeal.
  • No material impact on financials, operations, or other activities is expected.
🔢 Key Numbers — exact figures from BSE filing, not rounded
GST Penalty Amount
Rs. 46,98,047
Fiscal Years Covered
2020-21 to 2022-23
🏢 How This Affects the Company
💰
Financial Impact
The penalty, if not successfully appealed, will represent an expense for the company. However, management states there is no material financial impact.
⚠️
Risk Impact
This penalty represents a regulatory risk. The company's decision to appeal will determine the ultimate financial and operational outcome.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders. The company will disclose further steps regarding the appeal process.
👤
Who Is Affected
All shareholders are affected by potential future expenses if the penalty is upheld, though management indicates no material impact.
🔍
Management Signal
Management is proactively reviewing the order and intending to exercise its legal right to appeal, signaling a commitment to dispute unfavorable rulings.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Company's decision on filing an appeal against the GST order.
Any update on the appeal process and its outcome.
Confirmation of no material financial impact in future results.
MEDIUM RISK Uncertainty surrounding an imposed GST penalty and the subsequent appeal process.
💡 Investor Takeaway
Pidilite Industries confirmed receipt of a Rs. 46,98,047 GST penalty for FY21-23. The company is evaluating its right to appeal this order.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Rs. 46,98,047 GST penalty imposed by CGST for FY21-23, subject to appeal.
📅 Company Track Record
Pidilite Industries has previously disclosed GST penalties for FY18 (Rs. 34.65 Lakh), FY19 (Rs. 39.98 Lakh), and FY17-18 (Rs. 79,67,910), with these also being under appeal.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What penalty has Pidilite Industries received?
Pidilite Industries received an Order imposing a penalty of Rs. 46,98,047 under the Central Goods and Services Tax Act.
What period does the GST penalty cover?
The penalty order from the Assistant Commissioner of CGST covers the fiscal years 2020-21 to 2022-23.
What is Pidilite Industries' next step regarding the penalty?
The company is reviewing the order and evaluating its next steps, including the exercise of its right to appeal.
Will this penalty impact Pidilite Industries' financials?
The company has stated that there is no material impact on its financials, operations, or other activities.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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