JSW Dulux Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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JSWDULUX · price

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

-0.3%Reaction day

₹2954.00

prior close

₹2949.90

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.2% vs market

Paints peers, median of 8sector-1.5%+1.1% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and 1.1 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

-0.3

Sessions after the filingfrom the prior close

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Reaction day

-0.3-0.5+0.2-1.5+1.1

Next day

-0.0-1.6+1.6-3.0+3.0

+1.6+0.2+1.4-2.0+3.6

+0.7+0.2+0.5-2.8+3.5

+0.2+0.7-0.5-2.8+3.0

-0.0+0.3-0.3-3.5+3.4

+0.8+1.5-0.6-2.9+3.8

15d

-1.0+0.2-1.2-0.3-0.6

-0.8+1.8-2.6+0.7-1.5

+8.2+6.4+1.8+3.5+4.6

-1.3+5.8-7.1-0.6-0.7

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

JSW Dulux has received an order from the Karnataka GST Department in a long-running tax dispute. The original Show Cause Notice from June 2024 had raised a demand of about Rs. 101.09 crore (tax, interest and penalty) related to alleged disallowance of input tax credit for the period April 2019 to March 2020. After the company filed its response, the Assistant Commissioner of Commercial Taxes issued a revised order on 31st March 2026, received by the company on 21st April 2026, bringing the demand down sharply to Rs. 14.76 crore (tax of Rs. 4.81 crore, interest of Rs. 5.15 crore, and penalty of Rs. 4.81 crore). The company is still in the process of filing further submissions on this order, so the matter remains open.

Likely market impact

This is a meaningfully positive development for shareholders, as the tax demand has been cut by roughly 85% from the original notice, though a liability of around Rs. 14.76 crore still stands. The final cash impact will depend on the company's further submissions and any appeal outcome, so the stock may see limited reaction until the matter is fully resolved.