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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Price reactionminutes from the announcement price · days from the prior close

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₹3399.80

prior close

₹3379.00

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%+0.7% vs market

Paints peers, median of 8sector-0.8%+0.8% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.8 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Akzo Nobel India Limited has received a Show Cause Notice dated 16 September 2025 (received on 24 September 2025) from the Asstt. Commissioner of GST, Gwalior, under Section 74 of the CGST Act, 2017. The notice relates to alleged errors in the issuance of E-Way Bills for the period April 2019 to March 2020. The total demand raised is Rs. 21,03,822 (approximately Rs. 21 lakhs), comprising tax of the same amount along with applicable interest and penalty. The company has stated that it is in the process of submitting a response to the notice within the stipulated time. The matter is at a preliminary stage with no order or ruling yet passed by the authorities.

Likely market impact

The financial impact is relatively minor — about Rs. 21 lakhs in tax demand is small compared to the company's overall size, and the matter is still in the show-cause stage where the company can present its defence. Shareholders are unlikely to see any material effect on the stock price from this disclosure alone, but it is a routine regulatory compliance matter being tracked.