NSEAction(s) initiated or orders passed23h ago · 24 Sept 2026, 08:16 pm

Action(s) initiated or orders passed

JSW Dulux Limited · JSWDULUX

✦ AI Summary▼ NegativeLitigation

JSW Dulux Limited has received a Show Cause Notice from the West Bengal GST Department for disallowance of Input Tax Credit aggregating to Rs. 56,72,479.04/-, which may have an impact on the company's financials.

Analysis Scores

Earnings Impact6/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
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_24092026201538_JSWDuluxRegulation30Disclosure_WBGST_SCN_24092026.pdf

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24th 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’am, 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: West Bengal GST Court/Tribunal/Agency Department where litigation is filed and Brief details of Court/Tribunal/Agency: Asst. Commissioner, dispute/litigation Large Taxpayers Unit, West Bengal GST Department Brief details of litigation/dispute: As part of the GST Scrutiny, a Show Cause Notice (dated 23.09.2026) u/s 73 of the CGST Act/Rules, 2017 has been received by the Company on 24.09.2026 at 9:00 am, mentioning disallowance of Input Tax Credit for the period from April 2022 to March 2023 aggregating to Rs. 56,72,479.04/- (comprising Tax amounting to Rs. 29,63,727/-; Interest amounting to Rs. 24,12,379.24/-; and Penalty amounting to Rs. 2,96,372.80/-) Expected financial Rs. 56,72,479.04/- (comprising Tax amounting to Rs. implications. 29,63,727/-; Interest amounting to Rs. 24,12,379.24/-; and Penalty amounting to Rs. 2,96,372.80/-) as per the disallowance of Input Tax Credit Quantum of claims Total Liability - Rs. 56,72,479.04/- (comprising Tax amounting to Rs. 29,63,727/-; Interest amounting to Rs. 24,12,379.24/-; and Penalty amounting to Rs. 2,96,372.80/-) 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 within the stipulated time as mentioned therein.