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

₹3379.10

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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Reaction day

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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 a Show Cause Notice from the Joint Commissioner of State Tax, Patna (Bihar GST Department) dated September 23, 2025, regarding disallowance of Input Tax Credit for the period April 2021 to March 2022. The total demand raised is Rs. 8,22,423, comprising tax of Rs. 4.79 lakh, interest of Rs. 2.94 lakh, and penalty of Rs. 0.48 lakh. The notice was received by the company on September 24, 2025. Management has stated that the company is in the process of preparing its response and will submit it within the stipulated time.

Likely market impact

The financial impact is negligible given the small demand size (under Rs. 9 lakhs) relative to the company's overall scale. This is an early-stage tax dispute with no final order yet, and the matter is unlikely to materially affect the stock price or shareholder value.