NSEAction(s) taken or orders passed26 Aug 2026 · 26 Aug 2026, 06:39 pm

Action(s) taken or orders passed

Kansai Nerolac Paints Limited · KANSAINER

✦ AI SummaryRegulatory

Kansai Nerolac Paints Limited has received an order from the Joint Commissioner of State Tax (Appeal) Ahmedabad, Gujarat, under Rules 113(1) & 115 of Central Goods and Services Tax Rules, 2017, reducing the penalty amount to Rs. 1,45,58,104/- for the FY 2017-18 for the state of Gujarat. The company has relevant records/legal precedence to prove its claim and shall file an appeal against the said Order before the GST Appellate Tribunal.

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

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

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KANSAINER_26082026183501_SEI26-8_signed_.pdf

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26th August, 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 Rules 113(1) & 115 of Central Goods and Services Tax Rules, 2017 (CGST Rules): 1 Name of the authority Joint Commissioner of State Tax (Appeal) Ahmedabad, Gujarat 2 Nature and details of the action(s) Order is passed under Rules 113(1) & 115 of CGST Rules, 2017 taken, initiated or order(s) passed giving partial relief by reducing penalty amount to Rs. 1,45,58,104/- 3 Date of receipt of direction or order, 25th August, 2026 including any ad-interim or interim orders, or any other communication from the authority 4 Details of the The demand is partly reduced in appeal on account of disallowance of violation(s)/contravention(s) Input Tax Credit (“ITC”) claimed by the Company during committed or alleged to be FY 2017-18 for the state of Gujarat. committed The Company has relevant records/legal precedence to prove its claim and shall file an appeal against the said Order before the GST Appellate Tribunal. 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