Akzo Nobel India Limited — Others, 31-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has announced a board meeting to address a legal matter involving a penalty of ₹9.89 crore imposed by the Karnataka GST Department due to a discrepancy in an E-Waybill and invoice. The company is currently preparing a response to this Demand Order. This situation may have financial implications totaling ₹9.89 crore exclusively related to the penalty.

Investors should watch closely as this potential liability could influence financial health and operational stability. While the company is actively engaging with the authorities, the outcome of this dispute represents a potential risk for shareholders.