NSEAction(s) initiated or orders passed4d ago · 15 Sept 2026, 01:47 pm
Action(s) initiated or orders passed
JSW Dulux Limited · JSWDULUX
✦ AI SummaryRegulatory
JSW Dulux Limited has received a Show Cause Notice from the Karnataka GST Department regarding disallowance of Input Tax Credit for the period from April 2022 to March 2023, aggregating to Rs. 10,60,96,432/-, and is in the process of responding to the same.
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Governance Concern1/10
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Liquidity Impact5/10
Market Sentiment4/10
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JSW Dulux Limited has informed the Exchange about Action(s) initiated or orders passed
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AKZOINDIA_15092026134556_JSWDulux_Reg30_Intimation_KAGST_SCNFY22_23_15Sep26.pdf
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15th 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: Asst. Commissioner,
LGSTO, Large Taxpayers Unit, Bengaluru, Karnataka
GST Department
Brief details of litigation/dispute: As part of the GST
Scrutiny, a Show Cause Notice (dated 10.09.2026) u/s
73 of CGST ACT/Rules, 2017 has been received by the
Company on 14.09.2026 at 6:00 pm, mentioning
disallowance of Input Tax Credit for the period from
April 2022 to March 2023 aggregating to Rs.
10,60,96,432/- (comprising Tax amounting to Rs.
6,17,03,450/-; Interest amounting to Rs. 3,82,22,637/-
; and Penalty amounting to Rs. 61,70,345/-)
Expected financial Rs. 10,60,96,432/- (comprising Tax amounting to Rs.
implications. 6,17,03,450/-; Interest amounting to Rs. 3,82,22,637/-
; and Penalty amounting to Rs. 61,70,345/-) as per the
disallowance of Input Tax Credit
Quantum of claims Total Liability - Rs. 10,60,96,432/- (comprising Tax
amounting to Rs. 6,17,03,450/-; Interest amounting to
Rs. 3,82,22,637/-; and Penalty amounting to Rs.
61,70,345/-) as per the 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 to the same
within the stipulated time as mentioned therein.