NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company7 Sept 2026 · 7 Sept 2026, 12:13 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

JSW Dulux Limited · JSWDULUX

✦ AI SummaryLitigation

JSW Dulux Limited has informed the Exchange about the pendency of litigation or dispute impacting the company. The company received a Demand Order from the Karnataka GST Department on December 30, 2024, and subsequently received a Refund Order on September 7, 2026, which annulled the original demand order.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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JSW Dulux Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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AKZOINDIA_07092026121254_JSWDulux_Reg30_Intimation_KAGST_31Dec2024_07Sep2026_update.pdf

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7th September 2026 Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Ltd. 1st floor, New Trading Ring Exchange Plaza, 5th floor, Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (E) Mumbai - 400 001 Mumbai – 400051 Scrip Code: 500710 Symbol: JSWDULUX Dear Sir/Madam, Sub: Update on pending litigation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is to inform that further to the Demand Order issued by the Karnataka GST Dept, the Company has received a Refund Order on 7th September 2026. Accordingly, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/CFDPoD- 1/P/CIR/2023/123 dated 13th July 2023, an update on the pending litigation, disclosed earlier on 31st December 2024, is enclosed as “Annexure-1”. Kindly take the aforesaid on record. Thanking you. Yours truly, for JSW Dulux Limited (formerly Akzo Nobel India Limited) Rajiv L. Jha General Counsel & Company Secretary Encl: As above Annexure-1 "Regularly check in until the litigation is concluded or the dispute is resolved." Sl. Particulars Details 1. The details of any change in the status The Company received a Demand Order from the and / or any development in relation to Karnataka GST Department on December 30, 2024 such proceedings; mentioning penalty amount of Rs. 9,89,064/- u/s 129(3) of the SGST Act/Rules, 2017 for the financial year 2024- 25 on account of a discrepancy involving E-Way Bill No. 162008896389 and Invoice No. 118293, dated December 24, 2024. Based on the appeal filed by the Company against the aforesaid along with the necessary supporting documents within the required timeframe, the Joint Commissioner of the LGSTO 38 in Bengaluru, Karnataka, reviewed the Company's submission, and issued a Refund Order (dated 05.09.2026, as received by the Company on 07.09.2026 at 9:00 am). According to the aforesaid Refund Order, the total refund amounts to Rs. 10,81,413/- comprising tax amounting to Rs. 9,89,064/- and interest amounting to Rs. 92,349/-, while the penalty amount of Rs. 9,89,064/-, as per aforesaid Demand Order, has been waived. As a result, the original demand Order stands annulled. In the case of litigation against key management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such proceedings in the event of settlement of the proceedings, details of such settlement Not Applicable including - terms of the settlement, compensation/ penalty paid (if any) and impact of such settlement on the financial position of the listed entity.