Akzo Nobel India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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Akzo Nobel India received an order on 1 January 2026 from the Telangana GST Department regarding a show cause notice originally issued on 30 September 2025 for the period April 2021 to March 2022. The dispute relates to a disallowance of input tax credit under Section 73 of the CGST/SGST Act. The original demand was Rs. 40.86 lakh in tax, and the new order has raised the total demand to Rs. 44.98 lakh, which includes Rs. 40.86 lakh in tax, Rs. 4.13 lakh in penalty, and applicable interest. The company had already responded to the show cause notice with supporting documents, and the order came after the Assistant Commissioner's review. The company is now preparing further submissions to the relevant authorities within the given timeframe.
The financial impact is minor — under Rs. 50 lakh on a company of Akzo Nobel India's scale — and the matter is not yet final, as the company still has the right to make further submissions and appeal. Shareholders are unlikely to see a material effect on earnings or stock price from this update alone.