Pidilite Industries Limited — Others, 28-02-2025: Action(s) initiated or orders passed

Pidilite Industries has received a penalty order amounting to ₹64.45 crore from the Assistant Commissioner of State Tax, Vapi, Gujarat, related to the Central Goods and Services Tax Act for FY 2020-2021. The company is currently evaluating the order and considering an appeal. Management has indicated that this penalty will not materially impact the company's financials or operations. From an investor’s perspective, while this situation presents a potential risk due to regulatory scrutiny, there appears to be a positive outlook as it is unlikely to affect the company’s overall stability.