Kerala GST order: Rs 22.26 lakh demand, company to respond further

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

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₹3624.00

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+0.7% vs market

Paints peers, median of 8sector-0.3%+0.2% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.2 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Akzo Nobel India received a GST order from the Kerala GST Department on December 12, 2025, regarding disallowance of Input Tax Credit for April 2021 to March 2022. The order imposes an aggregate demand of Rs 22,25,997, comprising tax of Rs 20,34,736, penalty of Rs 1,91,261, plus applicable interest. This is lower than the original show cause notice demand of Rs 32,42,892 from September 2025. The company is preparing further submissions within the stipulated time.

Likely market impact

Minor financial demand of about Rs 22.26 lakh. Company still contesting, final outcome pending further submissions.