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Akzo Nobel India Limited ( (IN:AKZOINDIA) ) has issued an update.
Akzo Nobel India Limited has announced that an indirect tax dispute with the Gujarat GST Department has been resolved in its favour, eliminating a previously disclosed demand. The case related to a show cause notice issued in June 2025 over alleged issuance of duplicate e-way bills for the period April 2018 to March 2019, involving a claimed liability of Rs 4.36 lakh plus applicable interest and penalties. After the company submitted its reply with supporting documents, the Superintendent of the Gujarat GST Department issued an order on 23 December 2025, received by the company on 26 December 2025, fully dropping the tax, interest and penalty demand. The outcome removes a contingent exposure for Akzo Nobel India, signalling a positive resolution of the pending litigation and avoiding any adverse financial or compliance impact from this specific matter.
More about Akzo Nobel India Limited
Akzo Nobel India Limited is a leading paints and coatings company operating in India, offering decorative and industrial coatings and related solutions. The company focuses on serving both retail and institutional customers across the country through a broad portfolio of premium and performance-oriented products.
Average Trading Volume: 37,920
Technical Sentiment Signal: Buy
Current Market Cap: 142.8B INR
See more insights into AKZOINDIA stock on TipRanks’ Stock Analysis page.