Kansai Nerolac Paints Limited — Others, 02-06-2025: Action(s) initiated or orders passed

Kansai Nerolac Paints has announced a board meeting to discuss the financial results for the quarter and half-year. The company is contesting a tax order involving partial disallowance of Input Tax Credit and alleged short payment during FY 2020-21, with a penalty of Rs. 3.90 Cr imposed. Kansai Nerolac maintains that the order contains errors, has paid all due taxes, and has filed an appeal and rectification request. It expects no significant financial impact from this ongoing dispute.