Akzo Nobel India Limited Discloses Tax Litigation with Chandigarh Commercial Tax Department

GURUGRAM, India | January 31, 2025 – Akzo Nobel India Limited (BSE: 500710, NSE: AKZOINDIA) has disclosed a pending litigation matter with the Chandigarh Commercial Tax Department, as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Litigation Details​

The company received an order under Section 48 of the Punjab Value Added Tax (PVAT) Act on January 31, 2025, at 12:30 PM from the Excise and Taxation Officer, Chandigarh Commercial Tax Department. The order demands a total payment of ₹3,245, comprising:

• Tax: ₹1,604
• Interest: ₹641
• Penalty: ₹1,000

Financial Impact​

The total liability as per the order stands at ₹3,245. While the amount is not materially significant, it represents an assessment conclusion by the tax authorities.

Company’s Response​

Akzo Nobel India Limited stated that the order is open for further submissions, and the company is in the process of responding within the stipulated time. The management has not indicated whether it plans to contest the order or settle the liability.