Akzo Nobel India Limited — Others, 28-11-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has announced a board meeting to discuss a Show Cause Notice received from the Karnataka GST Department regarding a tax dispute. The notice involves a claim of ₹1.75 crore, which includes ₹1 crore in tax, ₹0.65 crore in interest, and ₹0.10 crore in penalties for the period from April 2020 to March 2021. The company is currently preparing a response to the notice, indicating an active approach to manage the situation. This could impact investor sentiment, introducing potential risks while the company seeks to resolve the issue.