Akzo Nobel India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
JSWDULUX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.