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 received an order from the Gujarat GST Department on 9th January 2026 (dated 31st December 2025) in a case that began with a show cause notice on 3rd October 2025. The dispute relates to disallowance of ISD (Input Service Distributor) input tax credit for April 2021 to March 2022. The total demand now stands at Rs. 8,82,508, comprising Rs. 7,84,099 in tax and Rs. 98,409 in penalty, plus applicable interest. The company had already replied to the original notice with supporting documents but the order went against it. It is now reviewing the order to decide on further submissions to higher authorities within the allowed timeframe.
The financial impact is small (under Rs. 9 lakh) and unlikely to materially affect the company or shareholder value. However, the order represents an adverse ruling in a tax dispute, and any further escalation could attract higher interest and penalties.