Bihar GST demand reduced from Rs 23 lakh to Rs 2.3 lakh after review

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹3140.60

prior close

₹3147.10

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+2.4% vs market

Paints peers, median of 8sector-0.1%+2.2% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Smallcap 250 and 2.2 pts more 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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AI summary

Akzo Nobel India received an Order from Bihar GST Department dated Dec 26, 2025 on a show cause notice for Apr 2021 to Mar 2022. The original demand of about Rs. 23.04 lakh was reduced to about Rs. 2.30 lakh after the company submitted its reply. The revised demand includes tax of Rs. 1.21 lakh, interest of Rs. 79,138, and penalty of Rs. 30,000. The matter is not closed as the company is preparing further submissions within the indicated timeframe.

Likely market impact

Demand cut by about 90 percent, a positive outcome. Still open as the company plans further submissions to contest.