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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Awaiting price reaction for this filing.
Akzo Nobel India received an order from the Karnataka GST Department on December 30, 2025, in response to a show cause notice issued in September 2025 for the April 2021–March 2022 period. The original demand was Rs. 14.96 crore (including tax, interest, and penalty), but after the company submitted its reply, the Deputy Commissioner reduced the demand to Rs. 2.46 crore (tax Rs. 1.38 crore, interest Rs. 93.67 lakh, penalty Rs. 13.81 lakh). The company is still in the process of submitting further responses to the relevant authorities, meaning the matter is not yet fully resolved.
This is a moderately positive development since the GST demand was cut to about 16% of the original amount, though a liability of Rs. 2.46 crore still looms. The stock is unlikely to react sharply unless the company escalates the matter further or achieves a complete waiver in subsequent proceedings.