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 an order dated 23 December 2025 (received on 7 January 2026) from the Maharashtra GST Department in connection with a show cause notice issued on 1 July 2025. The original notice related to alleged issuance of a duplicate E-way bill for the period April 2018 to March 2019, under Section 74 of the CGST/SGST Act, 2017. The order raises a total demand of Rs. 4,51,208, comprising Rs. 2,25,604 in tax, an equivalent amount of Rs. 2,25,604 as penalty, plus applicable interest. The company is reviewing the order and plans to respond within the stipulated timeframe, keeping further legal options open.
The demand amount is small (around Rs. 4.5 lakh) and financially immaterial for Akzo Nobel India. Near-term impact on the stock is likely negligible, but the outcome of the company's response and any further appeal will be worth tracking for completeness.