Akzo Nobel India Limited — Others, 29-11-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has announced ongoing litigation involving the Punjab GST Department, triggered by a Show Cause Notice related to GST audit findings. The notice cites a potential liability of ₹3.73 crore, which includes tax, interest, and penalties for the period from April 2020 to March 2021. The company is currently preparing its response to this notice, leaving some uncertainty about the outcome. Investors should be aware that this situation may present a potential risk to financial performance, but management is taking steps to address the issue proactively.