Akzo Nobel India Limited — Others, 27-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akzo Nobel India Limited has announced a board meeting to discuss updates on pending litigation related to a show cause notice from the West Bengal GST Department. Following this notice concerning disallowed input tax credit for April 2020 to March 2021, the company received a revised demand of Rs. 1.61 lakh, significantly lower than the initial demand of Rs. 17.86 lakh. The company plans to submit further responses as required. This development may reflect positively on the company's potential financial liabilities, likely boosting investor sentiment and demonstrating effective legal maneuvering in a challenging regulatory environment.