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.