JSW Dulux Limited has received a revised demand order from the Telangana GST Department regarding input tax credit disallowances, with the company disclosing the development to stock exchanges on March 13, 2026.

GST Demand Details

The Additional Commissioner (Appeals-II) Hyderabad, Telangana GST Department issued an appeal order dated February 26, 2026, which was received by the company on March 13, 2026. The revised demand pertains to the periods 2020-21 and 2021-22 under Section 73 of the CGST/SGST Act, 2017.

Timeline of Events

The company initially received an order from the Telangana GST Department on September 2, 2024, mentioning disallowance of input tax credit with an aggregate demand of ₹1,50,72,533. In response, JSW Dulux Limited filed an appeal along with supporting documents within the specified timeframe.

Following the company's appeal submission, the tax authorities reviewed the response and issued the current appeal order, resulting in a marginally reduced total demand amount.

Current Status and Next Steps

The appeal order remains open for further submissions to the relevant authorities. The company has indicated it is currently preparing to respond within the indicated timeframe provided by the tax department.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as this represents an update on pending litigation previously disclosed on September 3, 2024. The company's General Counsel, Company Secretary & Compliance Officer Rajiv L. Jha signed the regulatory filing.

The Ministry of Corporate Affairs (MCA) has officially approved the name change of Akzo Nobel India Limited to JSW Dulux Limited, effective March 11, 2026. The company has received a fresh Certificate of Incorporation pursuant to the change of name, marking a significant milestone in its corporate transformation.

Official Name Change Approval

The MCA issued the fresh Certificate of Incorporation on March 11, 2026, formally approving the transition from "Akzo Nobel India Limited" to "JSW Dulux Limited." This follows the company's earlier disclosures dated January 28, 2026, and March 3, 2026, regarding the proposed name change.

Corporate Documentation Updates

Following the official approval, the company's Memorandum of Association and Articles of Association have been consequently amended and altered to reflect the new name "JSW Dulux Limited" wherever applicable. The company is currently in the process of filing necessary documents with stock exchanges to update their records and websites accordingly.

Regulatory Compliance and Stock Exchange Updates

The company has informed both BSE Limited and National Stock Exchange of India Limited about the name change under Regulation 30 and 45 of the SEBI Listing Regulations. The stock exchanges will update their records to reflect the new corporate identity.

Previous Tax Assessment Matter

Prior to this name change, the company had received a tax assessment order from the Income Tax Department proposing additions of Rs 112.00 crores to its taxable income. The financial impact of this assessment remained undetermined as the matter was under review by the company through appropriate legal and tax advisory channels.

Corporate Identity Transition

As per regulatory requirements, the company must display its old name "Akzo Nobel India Limited" along with the new name "JSW Dulux Limited" for a period of two years at all places where the company is required to display its name under Section 12 of the Companies Act. This ensures continuity and transparency during the transition period for all stakeholders.