JSW Dulux Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
JSWDULUX · price
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JSW Dulux Limited received a Final Assessment Order from the Income Tax Department on May 11, 2026 for Assessment Year 2023-24 involving transfer pricing and corporate tax matters. The order includes additions aggregating to Rs. 111.63 crore primarily relating to AMP expenses, R&D expenses, contract R&D expenses, and transfer pricing adjustments. The tax demand amounts to Rs. 36.46 crore (including tax of Rs. 28.64 crore and interest of Rs. 7.82 crore). Penalty proceedings have also been initiated separately under Section 270A of the Income Tax Act. The Company intends to challenge the order before appropriate Appellate Authorities.
This is a significant tax dispute with a Rs. 36.46 crore demand plus potential penalties. However, management believes it has strong merits and expects no material financial impact as it plans to appeal the order. Shareholders should monitor the appellate outcome as it could affect earnings if the demand is upheld.