BSECompany Update2d ago · 5 Nov 2026, 02:12 pm

Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 and other relevant SEBI Circulars is enclosed herewith.

Kansai Nerolac Paints Ltd · 500165

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Kansai Nerolac Paints Ltd has received a penalty order from the Assistant Commissioner, Central GST & CEX, Division II, Raipur, under Section 74 of the Central Goods and Services Tax Act, 2017, for a penalty of Rs. 66,70,686. The company claims that the order was passed based on a wrong understanding of the facts and is in the process of filing an appeal.

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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Kansai Nerolac Paints Ltd - 500165 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015 And Other Relevant SEBI Circulars.

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KANSAI NEROLAC PAINT 5th November, 2026 1. Corporate Relationship Department 2. Manager – Listing BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001. Mumbai - 400 051. Sub.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant SEBI Circulars Ref.: BSE Scrip Code- 500165, NSE Symbol – KANSAINER Dear Sirs, Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and Circular no. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, the following information is disclosed on Order passed under Section 74 of Central Goods and Services Tax Act, 2017 (CGST Act): 1 Name of the authority Assistant Commissioner, Central GST & CEX, Division II, Raipur 2 Nature and details of the action(s) Order is passed under Section 74 of CGST Act, 2017 imposing taken, initiated or order(s) passed penalty of Rs. 66,70,686/- 3 Date of receipt of direction or 5th November, 2026 order, including any ad-interim or interim orders, or any other communication from the authority 4 Details of the violation(s) The demand has arisen for the State of Chhattisgarh mainly on /contravention(s) committed or account of partial disallowance of Input Tax Credit claimed by the alleged to be committed Company during FY 2020-21 to 2023-24. The Order has been passed based on wrong understanding of the facts. The Company has relevant records to prove its claims. The Company is in the process of filing an appeal. 5 Impact on financial, operation or There is no material impact on financials, operations or other other activities of the listed entity, activities of the Company. quantifiable in monetary terms to the extent possible Please take the same on record. For KANSAI NEROLAC PAINTS LIMITED G. T. GOVINDARAJAN COMPANY SECRETARY KANSAI NEROLAC PAINTS LIMITED Registered Office: 28th Floor. A-wing. Marathon Futurex. N. M. Joshi Marg, Lower Parel. Mumbai -400 013. India T +91 22 4060 2500/2501 I www.nerolac.com CIN L24202MH1920PLC000825