JSW Dulux wins GST appeal, penalty of Rs 9.89 lakh annulled

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

-2.8%Reaction day

₹3180.00

prior close

₹3212.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.7%-2.1% vs market

Paints peers, median of 8sector-0.5%-2.3% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Smallcap 250 and 2.3 pts less 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

-0.4

10m

-0.5

15m

-0.8

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-0.7-2.1-0.5-2.3

Next day

-4.2-2.7-1.6-3.2-1.0

-8.3-1.1-7.2-4.0-4.3

-8.0+0.2-8.2-3.3-4.7

-7.3+0.5-7.8-3.2-4.1

-9.2-0.6-8.6-5.3-3.9

-2.2+0.2-2.3-3.8+1.6

15d

-8.0-1.9-6.2-3.3-4.7

-5.6+1.5-7.1+1.2-6.8

+0.2+2.2-2.1-7.8+8.0

-4.8-0.9-3.9-9.7+4.9

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 (formerly Akzo Nobel India) received an Appeal Order on 6 July 2026 from the Joint Commissioner of LGSTO in Bengaluru, annulling a Rs 9,89,064 penalty that the Karnataka GST Department had imposed in December 2024 over an E-Waybill and invoice discrepancy for FY 2024-25. The company had filed an appeal with supporting documents within the required timeframe and the order fully cancelled the penalty.

Likely market impact

Positive outcome: penalty fully annulled. Amount was small, so limited material impact on financials or stock price.