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 ongoing litigation involving the Chandigarh Commercial Tax Department, where the company faces an order related to a sales tax appeal. The order identifies a total liability of ₹1.10 lakh (including tax of ₹34,437, interest of ₹14,119, and a penalty of ₹61,477) for short payment. The management is currently preparing to respond to this order within the required timeframe. This situation may introduce potential risks to the company's financial health, though the outcome remains uncertain as they explore options to address the dispute. Investors should watch for updates, which could influence sentiment.