Akzo Nobel India Limited — Others, 13-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has announced a board meeting to address a notice from the Maharashtra Commercial Tax Department regarding a sales tax recovery proceeding. The company faces a total liability of ₹2.87 crore, which includes ₹0.97 crore in tax, ₹0.95 crore in interest, and ₹0.97 crore in penalty. Management is preparing a response to the notice within the stipulated timeframe. This situation may create heightened financial scrutiny for the company, but there is an opportunity for resolution through a proper submission, potentially influencing investor sentiment positively if managed effectively.