Akzo Nobel India Limited — Others, 31-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has disclosed pending litigation with the Chandigarh Commercial Tax Department, involving a demand of ₹3,245 (approximately 3.25 cr). This figure includes a tax amount of ₹1,604, interest of ₹641, and a penalty of ₹1,000. The company is actively responding to the order and remains optimistic about potentially mitigating the liability. This update may create a neutral sentiment among investors, as the company's proactive approach could mitigate risks associated with the tax demand, while the amount remains manageable in relation to its overall financial health.