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.