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

+0.3%Reaction day

₹3160.00

prior close

₹3160.30

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.9%+2.2% vs market

Paints peers, median of 8sector-1.7%+2.0% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 2.0 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.3-1.9+2.2-1.7+2.0

Next day

-1.5-3.6+2.1-2.3+0.7

-0.6-4.2+3.7-2.9+2.3

-1.8-3.6+1.9-1.4-0.3

-2.3-3.2+0.9-0.7-1.6

-2.3-3.6+1.3-1.6-0.7

-5.8-7.3+1.4-4.1-1.7

15d

-10.0-7.8-2.2-12.6+2.6

-6.9-3.3-3.6-11.7+4.8

-14.1-10.4-3.7-21.5+7.4

-5.8-7.9+2.1-20.8+15.0

UpDownMarket · Nifty Smallcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Akzo Nobel India has received a favorable order from the Deputy Commissioner of State Tax, Belapur (Maharashtra GST Department) dated 26 December 2025, which was received by the company on 7 January 2026. The order completely drops a tax demand of Rs. 3,94,59,459 (about Rs. 3.95 crore), along with all applicable interest and penalty. The demand originally arose from a show cause notice in October 2025 regarding disallowance of ISD (Input Service Distributor) input tax credit for the period April 2021 to March 2022. The original demand order now stands fully annulled, bringing this two-and-a-half-month-old dispute to a clean close.

Likely market impact

Positive for shareholders — a potential Rs. 3.95 crore tax liability (plus interest and penalty) has been entirely removed, which lifts any provisioning concern and is mildly positive for earnings. No material financial impact expected since the company had likely not booked this as a probable outflow.