NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company5 Aug 2026 · 5 Aug 2026, 08:34 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

JSW Dulux Limited · JSWDULUX

✦ AI Summary▼ NegativeLitigation

JSW Dulux Limited has informed the Exchange about the pendency of a litigation/dispute with the Karnataka GST Department, which may impact the company. The dispute is related to the disallowance of Input Tax Credit for the period from April 2020 to March 2021, aggregating to Rs. 118,33,32,869/-.

Analysis Scores

Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk5/10
Liquidity Impact4/10
Market Sentiment3/10

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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_05082026203331_JSWDulux_Reg30_Intimation_KAGST_5Aug2026.pdf

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5th August 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 Department where litigation is filed and Brief details of Court/Tribunal/Agency: Asst. Commissioner, dispute/litigation Bengaluru, Karnataka GST Department Brief details of litigation/dispute: As part of the GST Scrutiny, a Show Cause Notice u/s 74 of CGST ACT/Rules, 2017 has been received by the Company (on 05.08.2026 at 3:30 pm) mentioning disallowance of Input Tax Credit for the period from April 2020 to March 2021 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/-) Expected financial Rs. 118,33,32,869/- (comprising Tax amounting to Rs. implications. 40,08,66,201/-; Interest amounting to Rs. 38,17,70,313/-; and Penalty amounting to Rs. 40,06,96,355/-) as per the disallowance of Input Tax Credit Quantum of claims Total Liability - 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/-) as per the Notice. Management view on This Notice is open for further submissions before the outcome of litigation/dispute relevant authorities and the Company is in the process of responding within the stipulated time as mentioned therein.