Kansai Nerolac Paints Limited — Others, 22-04-2025: Action(s) taken or orders passed

Kansai Nerolac Paints has announced a board meeting to discuss the financial results for the quarter and half-year. Additionally, the company received a penalty of ₹19.12 crore from the Joint Commissioner (Appeals) under the GST Act for disallowing transitional input tax credit from FY 2017-18 in Rajasthan. The company plans to appeal the decision, asserting it has sufficient records to support its claim. Financially, the penalty is not expected to materially impact the company, which may provide investors with a positive outlook as operational stability remains intact.