BSECompany Update26 Aug 2026 · 26 Aug 2026, 06:41 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 disclosed an order passed under the Central Goods and Services Tax Rules, 2017, which partly reduced a penalty amount to Rs. 1,45,58,104. The company claims that there is no material impact on its financials or operations.
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Earnings Impact2/10
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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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