Kansai Nerolac Paints Limited — Others, 22-07-2025: Action(s) taken or orders passed

Kansai Nerolac Paints has received an order from the Assistant Commissioner of State Tax, Jalandhar, imposing a penalty of Rs. 12,15,700 (approximately 0.12 Cr). This penalty stems from a partial disallowance of Input Tax Credit claimed by the company for FY 2021-22 in Punjab. The company maintains it has sufficient records to support its claim and intends to file an appeal against the order. Management states this development will not have a material impact on the company's financials or operations.