Akzo Nobel India Limited — Others, 07-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has announced a board meeting to address ongoing litigation with the Karnataka GST Department, concerning an order disallowing input tax credit (ITC) and mandating a recovery of ₹23.77 crore, which includes tax and penalty components. The company views this order as an opportunity to submit further clarifications to resolve the matter. The potential financial impact is significant, as it may affect the company's operational cash flow. Investors should monitor this situation closely, as successful resolution could restore some operational stability, while ongoing disputes might pose a risk to financial forecasts.