NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company1d ago · 19 Oct 2026, 07:58 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 update on pending litigation with the Karnataka GST Department regarding a show cause notice issued for the period from April 2020 to March 2021, with a demand of Rs. 42,04,21,825. The company has submitted its response and is currently in the process of responding to the order.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10

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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_19102026195843_JSWDuluxRegulation30Disclosure_KAGST_5thAugUpdate19Oct2026.pdf

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19th October 2026 Department of Corporate Services BSE Limited The Listing Department 1st floor, New Trading Ring National Stock Exchange of India Ltd. Rotunda Building, P J Towers Exchange Plaza, 5th floor, Dalal Street, Fort Bandra-Kurla Complex Mumbai - 400 001 Bandra (E) Scrip Code: 500710 Mumbai – 400051 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 show cause notice issued by the Karnataka GST Department, the Company has received an Appeal Order on 19th October 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 5th August 2026, is enclosed as “Annexure- 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 The Company received a Show Cause Notice from status and / or any development in Karnataka GST Department on 5th August 2026, for the relation to such proceedings; period from April 2020 – March 2021 mentioning disallowance of input tax credit under u/s 74 of CGST/SGST Act, 2017 and carrying a demand aggregating to Rs.118,33,32,869/- (comprising Tax amounting to Rs. 40,08,66,201/-; Interest amounting to Rs. 38,17,70,313/-; and Penalty amounting to Rs. 40,06,96,355/-) To that, the Company submitted its response along with the supporting documents within the given time limit. The Asst. Commissioner of Commercial Taxes, LGSTO LTU, Bengaluru, Karnataka GST Department, reviewed the said response and issued an Order dated 15th October 2026 (received by the Company on 19.10.2026 at 3:30 pm). The Demand amount as per the aforesaid Order is aggregating to Rs. 42,04,21,825/- (comprising Tax amounting to Rs. 14,06,89,554/-; Interest amounting to Rs. 13,90,42,717/-; and Penalty amounting to Rs. 14,06,89,554/-). This Order is open for further submissions to the relevant authorities, and the Company is currently in the process of responding to the same within the indicated timeframe therein. 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 Not Applicable proceedings, details of such settlement including - terms of the settlement, compensation/ penalty paid (if any) and impact of such settlement on the financial position of the listed entity.