Akzo Nobel India Limited — Others, 22-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has provided an update on a pending litigation related to a show cause notice from the Punjab GST Department. Following the company’s response to the notice regarding a demand of ₹1.92 crore for disallowing input tax credit, the Assistant Commissioner reviewed the submission and issued an order stating that the demand amount is Nil. This development potentially strengthens the company's financial standing and operational outlook, mitigating risks associated with tax liabilities. Investors may view this outcome positively, enhancing confidence in the firm's governance and management decisions.