Akzo Nobel India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
JSWDULUX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts less than Nifty Smallcap 250 and 2.2 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Akzo Nobel India received a tax order from the Karnataka GST Department on 30th December 2025 related to a show cause notice for April 2021 – March 2022 over disallowed input tax credit. The original notice had raised a demand of about Rs. 14.96 crore (tax of Rs. 9.18 crore plus interest of Rs. 5.79 crore). After the company submitted its reply, the Deputy Commissioner reduced the demand significantly to Rs. 2.46 crore (tax of Rs. 1.38 crore, interest of Rs. 93.68 lakh, and penalty of Rs. 13.81 lakh), a drop of roughly 84% from the original ask. The order is still open for further submissions, and the company is preparing to respond within the stipulated time. The matter remains live and not yet finally settled.
This is a partial relief for shareholders — the tax demand has shrunk dramatically from about Rs. 15 crore to around Rs. 2.5 crore, easing the near-term cash risk. However, the company still faces an adverse order and ongoing litigation, so the issue is not closed and may continue to weigh on sentiment until fully resolved.