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An announcement from Akzo Nobel India Limited ( (IN:AKZOINDIA) ) is now available.
Akzo Nobel India Limited has disclosed an update on a pending tax litigation with the Karnataka GST Department concerning disallowance of input tax credit for the period April 2021 to March 2022. Following a show cause notice in September 2025 that initially proposed a demand of about Rs 14.96 crore, the Deputy Commissioner, Large Taxpayers Unit, has now issued an order dated 29 December 2025, reducing the demand to approximately Rs 2.46 crore, including tax, interest and penalty. The order remains open to further submissions, and the company is in the process of responding within the prescribed timeframe, indicating that the matter is not yet concluded but that the potential financial exposure has been significantly lowered from the original claim.
More about Akzo Nobel India Limited
Akzo Nobel India Limited is a leading player in India’s paints and coatings industry, offering decorative and industrial coatings across sectors such as housing, infrastructure and manufacturing. The company operates nationwide with a focus on branded coatings solutions under the global AkzoNobel portfolio, serving both retail and institutional customers.
Average Trading Volume: 37,959
Technical Sentiment Signal: Buy
Current Market Cap: 143.2B INR
For a thorough assessment of AKZOINDIA stock, go to TipRanks’ Stock Analysis page.