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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.1%Reaction day

₹3324.40

prior close

₹3338.40

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.2% vs market

Paints peers, median of 8sector-0.5%+0.4% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.4 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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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Akzo Nobel India has received an appeal order from the Additional Commissioner of State Tax, Patna, in connection with a Bihar GST dispute for the period 2019-20. The original demand of Rs. 1.33 crore (tax of Rs. 71.5 lakh, interest of Rs. 54.7 lakh, and penalty of Rs. 7.2 lakh) has been reduced to Rs. 93.1 lakh (tax of Rs. 49.9 lakh, interest of Rs. 38.2 lakh, and penalty of Rs. 5 lakh) after the authority reviewed the company's earlier reply. The company is still in the process of preparing further submissions against this revised order within the allowed timeframe. The matter relates to disallowance of input tax credit under Section 73 of the CGST/SGST Act, 2017.

Likely market impact

This is a modest positive for shareholders as the revised demand is roughly 30% lower than the original, though the company continues to contest the matter. The absolute amount (under Rs. 1 crore) is small relative to Akzo Nobel India's overall size, so material impact on financials is limited unless further escalation occurs.