Kansai Nerolac Paints Limited — Others, 03-03-2025: Action(s) taken or orders passed

Kansai Nerolac Paints has disclosed a penalty of Rs. 1.03 crore imposed by the Deputy Commissioner, State Tax, Amritsar, due to a partial disallowance of input tax credit claimed for FY 2020-21. The company plans to appeal this decision, citing existing records to support its claim. Importantly, the firm perceives no material impact on its financials or operations resulting from this order. This situation poses a neutral impact on investor sentiment, with the potential for a positive outlook if the appeal is successful.