Akzo Nobel India Limited — Others, 04-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has announced a board meeting to address ongoing litigation with the Odisha GST Department, involving a disputed tax order concerning input tax credit (ITC) disallowance. The order cites a total liability of ₹69.50 lakh, including tax, interest, and penalties. Management believes there is an opportunity to contest this order and is preparing to submit additional information to the relevant authorities. This situation may create volatility in investor sentiment, reflecting a potential risk if the dispute is not resolved favorably, but also indicates proactive management engagement in litigation.