Haryana GST order reduces demand to about Rs 39 lakh from Rs 49.7 lakh

Regulatory & Legal View source PDF Explain this filing

JSWDULUX · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.1%Reaction day

₹3140.60

prior close

₹3147.10

announcement price

After-mkt

timing

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.5

15m

-0.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-0.2+2.4-0.1+2.2

Next day

+0.5+1.0-0.5-0.4+0.8

+1.3+0.9+0.4-0.5+1.7

+1.9+1.6+0.3+1.4+0.5

+1.2+1.9-0.7+1.6-0.4

+1.7+1.6+0.1+2.4-0.6

+0.9-0.2+1.1+0.4+0.5

15d

-5.0-6.3+1.4-2.4-2.5

-10.8-4.6-6.2-6.9-3.9

-6.8-5.7-1.1-17.0+10.2

-10.3-13.5+3.3-26.3+16.1

UpDownMarket · Nifty Smallcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Akzo Nobel India received a Haryana GST order dated Dec 24, 2025, reducing the earlier demand from Rs 49.7 lakh to Rs 39.09 lakh (Rs 19.5 lakh tax + Rs 19.5 lakh penalty plus interest). The dispute relates to ITC disallowance for April 2018 to March 2021. The company is preparing further submissions to contest the order.

Likely market impact

Demand reduced from earlier notice but still adverse. Company is contesting further, so outcome remains uncertain.