Key Quantitative Figures
The company has received an Order in Original imposing a penalty of ₹46,98,047 (Forty-Six Lakh Ninety-Eight Thousand Forty-Seven Rupees).
Dates of Action
- Order Date: 30th June, 2026
- Receipt Date: 21st July, 2026 (received via post)
- Disclosure Date: 22nd July, 2026
Parties Involved
- Issuing Authority: Assistant Commissioner of CGST & C. Ex. Division-III, Indore, Madhya Pradesh
Regulatory Framework
The penalty was imposed under applicable provisions of the Central Goods and Services Tax Act for the financial years 2020-21 to 2022-23.
Company Response & Status
The Order is appealable and the company is currently reviewing it and evaluating next steps. The company will make an assessment to exercise its right to appeal to the highest authority as permitted in law.
Financial Impact Assessment
The company explicitly states: "There is no material impact on financials, operations or other activities of the Company."
Additional Information
The disclosure was filed by Manisha Shetty, Company Secretary, and is being hosted on the company's website at www.pidilite.com.