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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JSWDULUX · price

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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

+1.5%Reaction day

₹2851.00

prior close

₹2878.70

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%+0.9% vs market

Paints peers, median of 7sector+0.7%+0.8% vs sector

On the reaction day the stock moved 0.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.2

15m

-0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5+0.6+0.9+0.7+0.8

Next day

+2.6+2.4+0.2+1.5+1.0

-1.4-0.3-1.0-1.0-0.3

+0.4-0.1+0.5-0.6+0.9

+0.1-3.9+4.0-4.3+4.5

+0.2-1.6+1.7-2.4+2.6

+3.4-1.0+4.4-3.4+6.8

15d

+4.5+6.4-1.9+7.5-3.0

+2.2+11.0-8.8+12.7-10.5

+3.0+11.3-8.3+19.0-16.1

+13.5+18.2-4.7+20.5-7.1

UpDownMarket · Nifty Smallcap 250Sector · Paints peers, median of 7Pending

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

AI summary

JSW Dulux (formerly Akzo Nobel India) received a Show Cause Notice from the Madhya Pradesh GST Department in September 2025 for FY2019-20, alleging multiple E-Way Bills issued for the same invoice under Section 74 of the CGST/SGST Act, with a demand of Rs. 21.03 lakh plus interest and penalty. The company filed its response with supporting documents. The Asst. Commissioner of GST, Gwalior, reviewed the response and passed an order on 9 March 2026 (received by the company on 16 March 2026) stating the final demand amount is Nil. As a result, the original demand notice stands annulled, meaning the company has fully won this tax dispute with no financial liability.

Likely market impact

Positive for shareholders – the Rs. 21 lakh tax demand plus potential interest and penalty has been fully set aside, removing this overhang on the company with no material financial impact. Minor in size but resolves a compliance uncertainty cleanly.