Akzo Nobel India Limited — Others, 21-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has received a recent order related to ongoing litigation from the Punjab GST Department, revising the disputed tax claim to INR 66.01 million (Tax: 35.10 million, Interest: 27.40 million, Penalty: 3.51 million). This follows a show cause notice issued on November 27, 2024, concerning disallowed input tax credits from April 2020 to March 2021. The company plans to respond to the order in due course. This development may impact the company's cash flow and investor sentiment, presenting a potential risk but also an opportunity for resolution and future compliance.