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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 1.9 pts less 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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Akzo Nobel India has shared an update on an ongoing GST dispute with the Tamil Nadu tax department. Originally, on December 31, 2023, the department raised a demand of about ₹6.17 crore for the years 2017-2020, saying the company had wrongly claimed input tax credit. The company appealed this order. On August 6, 2025, the Commissioner (Appeals-1) in Chennai issued a revised order cutting the demand down to roughly ₹2.60 crore (tax of ₹2.37 crore, interest, and penalty of ₹22.5 lakh). The company has not accepted this and is preparing a further response within the allowed time. The matter is still open and may move to a higher appellate authority.
Shareholders get partial relief since the original demand has been reduced by nearly 58%, lowering the worst-case financial hit. However, ₹2.6 crore is still at stake and the final outcome is uncertain, so this is not a clean win and may keep a small overhang on the stock until resolved.