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 has received a Show Cause Notice dated 27 June 2025 from the Superintendent (Anti Evasion Wing) of CGST & Central Excise, Ahmedabad North, under Section 74 of the CGST Act, 2017. The notice pertains to alleged issuance of duplicate E-way Bills against the same invoice for the period April 2018 to March 2019. The tax amount mentioned is INR 4,36,279, with interest and penalty as applicable. The total potential liability is INR 4,36,279 plus applicable interest and penalty. The company is in the process of submitting its response to the notice within the stipulated time.
The financial impact is very small — under INR 5 lakh in base tax plus possible interest and penalty — so it is unlikely to materially affect the company's financials or stock price. Investors should note it as a routine tax compliance matter still under review.