JSW Dulux Limited has resolved a pending Central Excise litigation after the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside a demand against the company. The tribunal issued Final Order No. A/85956/2026 on July 31, 2026, allowing the company’s appeal and annulling the entire liability.

The case originated from a proposed Central Excise duty demand of ₹1.59 crore along with applicable interest and penalty. This initial demand was based on the difference between sales reported in the profit and loss account and ER-1 returns. Following adjudication, the demand was reduced to ₹32.4 lakh.

The Commissioner (Appeals), CGST & CEX, Belapur, Navi Mumbai, had rejected the company’s appeal in January 2025. JSW Dulux subsequently filed an appeal before CESTAT, Mumbai, within the prescribed time limit. The tribunal’s final order, received by the company on August 17, 2026, cleared all outstanding obligations related to this specific order.

Litigation Outcome Details

The annulment means there is no further liability arising from the adjudication order. The company disclosed this update pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier disclosure on January 15, 2025.

JSW Dulux Limited has accepted the resignation of Krishna Rallapalli from the positions of Wholetime Director and Chief Financial Officer. The company disclosed the development in a filing with stock exchanges on August 14, 2026, stating that Rallapalli tendered his resignation due to personal and professional reasons.

Rallapalli’s last working day with the company will be on or before October 14, 2026, close of business hours. In his resignation letter addressed to the Joint Managing Director and Chief Executive Officer, Rallapalli thanked the Board and management for their support during his tenure and committed to assisting with a smooth transition.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company confirmed that there are no material reasons for the resignation other than those explicitly mentioned by Rallapalli in his letter dated August 14, 2026.

Key Details

The company noted that Rallapalli will consequently cease to be a Key Managerial Personnel upon the effective date of his resignation. The detailed disclosure required under Schedule III Para A (7C) of Part A of the SEBI Listing Regulations has been enclosed with the filing.