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 from the Superintendent, Division-Belapur of the Maharashtra GST Department, alleging issuance of duplicate E-way Bills against the same invoice numbers for the period April 2018 to March 2019. The notice, dated 28 June 2025 and received on 1 July 2025, carries a total tax demand of ₹2,25,604 along with applicable interest and penalty. The company is in the process of preparing its response and will submit it within the stipulated time. This is a routine GST scrutiny matter at the show-cause stage — no penalty has been levied yet and no liability has been confirmed.
The demand amount of roughly ₹2.3 lakh is negligible compared to the company's size, so this is unlikely to have any material impact on the stock or shareholders. Investors should treat it as a routine tax compliance disclosure, with the actual outcome depending on the company's response and the authority's decision.