Kansai Nerolac Paints Limited has informed the Exchange about Action(s) taken or orders passed
KANSAINER · price
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Awaiting price reaction for this filing.
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.
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.