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Pidilite’s Subsidiary Faces GST Penalty with No Major Impact on Operations

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Pidilite’s Subsidiary Faces GST Penalty with No Major Impact on Operations

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An update from Pidilite Industries Limited ( (IN:PIDILITIND) ) is now available.

Pidilite Industries Limited announced that its subsidiary, Nina Percept Pvt Ltd, received an order from the Joint Commissioner, Central GST Goa, imposing a penalty of Rs. 2,10,40,494 under the Central Goods and Services Tax Act. The company is reviewing the order and considering an appeal, but stated that there is no material impact on its financials, operations, or other activities.

More about Pidilite Industries Limited

Pidilite Industries Limited operates in the chemical industry, primarily known for its adhesives, sealants, and construction chemicals. The company focuses on providing innovative solutions across various market segments, including consumer and industrial products.

Average Trading Volume: 24,576

Technical Sentiment Signal: Hold

Current Market Cap: 1481.5B INR

See more insights into PIDILITIND stock on TipRanks’ Stock Analysis page.

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