Akzo Nobel India Limited

JSW Dulux Ltd has disclosed receiving a show cause notice from the Karnataka GST Department regarding the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023. The notice alleges a total liability of ₹10,60,96,432, comprising tax, interest, and penalty. The company is currently preparing its response to the authorities within the stipulated timeframe. This notice is being disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, due to its potential impact on the listed entity.

JSW Dulux Ltd has received a show cause notice from the Karnataka GST Department, proposing a demand of ₹48,58,65,992. This includes tax of ₹27,11,47,157, interest of ₹18,76,04,118, and penalty of ₹2,71,14,717. The notice pertains to the disallowance of Input Tax Credit for the period April 2022 to March 2023. The company is currently preparing its response to the authorities within the stipulated timeframe.

JSW Dulux Ltd has received a Refund Order from the Karnataka GST Department for ₹10,81,413. This follows a Demand Order issued on December 30, 2024, which imposed a penalty of ₹9,89,064 for a discrepancy involving an E-Way Bill and Invoice. The company appealed the Demand Order, leading to the review and issuance of the Refund Order on September 7, 2026. The refund comprises ₹9,89,064 in tax and ₹92,349 in interest, effectively annulling the original penalty demand.

JSW Dulux Ltd has disclosed receipt of a show cause notice from the Gujarat GST Department concerning the disallowance of Input Tax Credit (ITC) for the period April 2020 to March 2022. The notice, dated August 28, 2026, and received on September 1, 2026, alleges a total liability of ₹9,294, comprising ₹4,647 in tax, applicable interest, and ₹4,647 in penalty. The company is currently reviewing the notice and preparing a response within the stipulated timeframe. Management's view is that the matter is open for further submissions.

JSW Dulux Ltd has disclosed receipt of a show cause notice from the Madhya Pradesh GST Department. The notice, dated August 18, 2026, was received on August 25, 2026, and pertains to a short payment of taxes for the period April 2020 to March 2022. The total alleged liability, including tax, interest, and penalty, amounts to ₹1,965. This notice is a result of the disallowance of Input Tax Credit. The company is currently reviewing the notice and preparing its response within the stipulated timeframe.

JSW Dulux Ltd has disclosed an order received from the Telangana GST Department, demanding Rs. 84,75,163. This demand arises from the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023. The total liability includes a tax component of Rs. 77,04,694 and a penalty of Rs. 7,70,469, with no interest charged. The company is currently reviewing the order and plans to respond within the stipulated timeframe, indicating the matter is open for further submissions.

JSW Dulux Limited has announced the resignation of Mr. Rohit Ghanshyamdas Totla from his position as Wholetime Director, designated as Executive Director & Chief Business Officer. The resignation is effective on or before November 17, 2026, and is attributed to personal and professional reasons. Mr. Totla has confirmed there are no other material reasons for his departure. The company has provided detailed disclosures as per SEBI regulations and will make the information available on its website.

JSW Dulux Ltd has disclosed receiving a show cause notice from the Odisha GST Department regarding the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023. The notice, dated August 17, 2026, and received on August 18, 2026, alleges a total liability of ₹1,84,27,593, comprising tax of ₹1,08,23,675, interest of ₹64,79,972, and penalty of ₹11,23,946. The company is currently preparing its response to the notice within the stipulated timeframe.

JSW Dulux Ltd has received a final order from the CESTAT Department on August 17, 2026, which sets aside a previous demand of ₹32,41,768. This demand comprised tax, interest, and penalty, originally proposed at ₹1.59 crore. The company had appealed to CESTAT after the Commissioner (Appeals) rejected their initial appeal. The CESTAT's final order allows the appeal in favor of JSW Dulux, annulling the entire demand and resulting in no further liability for the company from this order. This development resolves a significant tax litigation matter for the company.

JSW Dulux Limited announced the resignation of Mr. Krishna Rallapalli from his positions as Wholetime Director and Chief Financial Officer (CFO). The resignation is effective on or before October 14, 2026, citing personal and professional reasons. Mr. Rallapalli has confirmed there are no other material reasons for his departure. The company will facilitate a smooth transition.