NSEAction(s) initiated or orders passed7 Sept 2026 · 7 Sept 2026, 05:25 pm
Action(s) initiated or orders passed
JSW Dulux Limited · JSWDULUX
✦ AI Summary▼ NegativeRegulatory
JSW Dulux Limited has informed the Exchange about a Show Cause Notice received from the Karnataka GST Department under the CGST ACT/Rules, 2017, disallowing Input Tax Credit for the period from April 2022 to March 2023, resulting in an aggregate demand of Rs. 48,58,65,992/-, comprising tax, interest, and penalty.
Analysis Scores
Earnings Impact8/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk9/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment2/10
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JSW Dulux Limited has informed the Exchange about Action(s) initiated or orders passed
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AKZOINDIA_07092026172448_JSWDulux_Reg30_Intimation_KAGST_SCNFY22_23_07Sep26.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/Ma’m,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) (Second Amendment) Regulations, 2023 read with Circular no.
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/120 dated July 13, 2023, we do hereby disclose the
attached information under Pendency of any litigation(s) or dispute or the outcome thereof which
may have an impact on the listed entity.
Kindly take the aforesaid on record.
Thanking you.
Yours truly,
for JSW Dulux Limited
(formerly Akzo Nobel India Limited)
Rajiv L. Jha
General Counsel and Company Secretary
Encl: As above
Annexure-1
Sl. Particulars Details
1. Name of the opposing party, Name of the opposing Party: Karnataka GST
Court/Tribunal/Agency where Department
litigation is filed and Brief
details of dispute/litigation Court/Tribunal/Agency: Deputy Commissioner,
Large Taxpayers Unit, Bengaluru, Karnataka GST
Department
Brief details of litigation/dispute: As part of the GST
Scrutiny, a Show Cause Notice u/s 73 (dated
05.09.2026) of CGST ACT/Rules, 2017 has been
received by the Company (on 07.09.2026 at 11:40 am)
mentioning disallowance of Input Tax Credit for the
period from April 2022 to March 2023 and carrying an
aggregate demand of Rs. 48,58,65,992/- (comprising
Tax amounting to Rs. 27,11,47,157/-; Interest
amounting to Rs. 18,76,04,118/-; and Penalty
amounting to Rs. 2,71,14,717/-)
Expected financial Aggregate Rs. 48,58,65,992/- (comprising Tax
implications. amounting to Rs. 27,11,47,157/-; Interest amounting
to Rs. 18,76,04,118/-; and Penalty amounting to Rs.
2,71,14,717/-) as per the disallowance of Input Tax
Credit
Quantum of claims Total Liability - Aggregate Rs. 48,58,65,992/-
(comprising Tax amounting to Rs. 27,11,47,157/-;
Interest amounting to Rs. 18,76,04,118/-; and Penalty
amounting to Rs. 2,71,14,717/-) as per the said
Notice.
Management view on This, being a Show Cause Notice, is open for further
outcome of litigation/dispute submissions before the relevant authorities and the
Company is in the process of responding within the
stipulated time as mentioned therein.