Pidilite Industries Limited received an Order dated 21 May, 2024, which was received through speed post on May 24, 2024 (after the close of business hours), issued by the Office of the Commissioner (Appeals), Chandigarh imposing a penalty of INR 9,87,868 in relation to GST audit conducted for the period 2017-2018 under applicable provisions of the Central Goods and Service Tax Act, 2017. GST department has disallowed the Input Tax Credit claimed by the Company. Based on the Company's assessment, the Company reasonably expects a favourable outcome at the appellate level.

There is no material impact on financials, operations or other activities of the Company.