Pidilite Industries Limited, a prominent manufacturer of adhesives, sealants, and construction chemicals in India, has announced that it has been issued a penalty order of Rs. 13.18 lakh by the Central Goods and Services Tax (CGST) authorities in Vapi, Gujarat.
The company has received the penalty for FY 2020-21 via email dated June 4, 2025, by the Assistant Commissioner, CGST, Vapi, in compliance with the CGST Act.
There is no appropriate reason for the penalty in the disclosure of the company, which is in line with the procedural mandate under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order is appealable; the company cited and the order contents are currently under review. Appropriate legal remedies are computed by the company along with practising its right to appeal to a higher authority as allowed under the Goods and Services Tax (GST) statutory structure.
No material impact on its financial position, operations, or overall business activities shall take place from this concern, the company mentioned. “The order is under review, and necessary steps are being considered. There is no material impact on the financials or operations of the company,” the official communication remarked.
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Also, on the company’s official website, it has posted the same information, citing that it will be devoted to transparency and compliance.
