Kansai Nerolac Paints Limited has informed the Exchange about Action(s) taken or orders passed

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

-0.1%Reaction day

₹247.05

prior close

₹246.80

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%-0.1% vs market

Paints peers, median of 8sector-0.1%-0.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and in line with 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

The Assistant Commissioner of State Tax, Jalandhar has passed an order under Section 73 of the CGST Act, 2017 imposing a penalty of Rs. 12,15,700 on the company. The demand relates to partial disallowance of Input Tax Credit (ITC) claimed by Kansai Nerolac during FY 2021-22 for the state of Punjab. The company received the order on 21st July 2025 and has stated that it has the relevant records to support its ITC claim and intends to file an appeal. The company has clarified there is no material impact on its financials, operations, or other activities.

Likely market impact

The penalty amount is small relative to the company's size and the company plans to appeal, so the financial impact is negligible. Shareholders are unlikely to see any meaningful effect on the stock price.