Chhattisgarh GST appeal won - demand of about Rs 3.33 lakh annulled

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

+2.6%Reaction day

₹2950.00

prior close

₹3009.00

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%+2.6% vs market

Paints peers, median of 8sector+0.5%+2.1% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Smallcap 250 and 2.1 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 won its appeal against a Chhattisgarh GST demand. The original order dated 30 April 2024 had raised a demand of about Rs 3.33 lakh (tax plus penalty) for input tax credit disallowance in FY2018-19 and FY2020-21. The Appellate Authority ruled on 29 January 2026, received by the company on 16 February 2026, setting the demand to Nil and annulling the original order.

Likely market impact

Positive - company successfully defended itself, no payout needed. Financial impact is minimal given the modest demand size.