Fevicol Maker Pidilite Slapped With Rs 42 Lakh GST Penalty; Company to Appeal

• Pidilite Industries Limited received two Orders-in-Appeal imposing GST penalties for financial years 2019–20 and 2020–21.
• The Deputy Commissioner of State Tax, Mumbai, levied a total penalty of Rs 42,31,567 (Rs 26,40,843 for FY19-20 and Rs 15,90,724 for FY20-21).
• The orders were dated March 5, 2026, and disclosed to stock exchanges on March 9, 2026.
• Pidilite is reviewing the orders, evaluating next steps, and considering exercising its right to appeal to the highest authority.
• The company clarified that these penalties do not have any material impact on its financials, operations, or other activities.