Akzo Nobel India Receives GST Order Worth ₹8.29 Lakh from Bihar Department

1 min read     Updated on 09 Jan 2026, 08:34 PM
scanx
Reviewed by
Radhika SScanX News Team
Overview

Akzo Nobel India Limited received a GST order from Bihar GST Department with aggregate demand of ₹8.29 lakh for disallowed input tax credit covering April 2021-March 2022 period. The company is reviewing the order dated December 26, 2025, to respond within stipulated timeframe as proceedings remain open for further submissions.

29516684

*this image is generated using AI for illustrative purposes only.

Akzo Nobel India Limited has received a GST order from the Bihar GST Department with an aggregate demand of ₹8.29 lakh, following earlier show cause notice proceedings. The company disclosed this development to stock exchanges on January 9, 2026, as part of its regulatory compliance obligations.

GST Order Details

The Joint Commissioner of State Tax, Patna Special Circle, Bihar GST Department issued the order dated December 26, 2025, which the company received on January 9, 2026. The order pertains to disallowed Input Service Distributor (ISD) input tax credit for the period from April 2021 to March 2022.

Component: Amount (₹)
Tax: 4,79,547
Interest: 3,02,114
Penalty: 47,954
Total Demand: 8,29,615

Background and Timeline

The proceedings began when the company received a show cause notice from the Bihar GST Department on September 24, 2025. The notice disallowed ISD input tax credit under Section 73 of the CGST/SGST Act, 2017, with an initial aggregate demand of ₹8.22 lakh.

Akzo Nobel India had submitted its response along with supporting documents within the stipulated time limit following the show cause notice. However, after reviewing the company's reply, the department proceeded to issue the formal order with a slightly increased demand amount.

Current Status and Next Steps

The company has indicated that the order remains open for further submissions to relevant authorities. Akzo Nobel India is currently reviewing the order to prepare an appropriate response within the timeframe specified in the order.

The litigation was initially disclosed to exchanges on September 25, 2025, and this update has been provided in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The disclosure follows SEBI circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, which requires regular updates on pending litigation until conclusion or dispute resolution. The company has committed to providing further updates as the matter progresses through the regulatory process.

Historical Stock Returns for Akzo Nobel

1 Day5 Days1 Month6 Months1 Year5 Years
-0.86%-1.63%-10.20%-14.95%-13.93%+30.49%
Akzo Nobel
View in Depthredirect
like16
dislike

Akzo Nobel Appoints Rajiv Rajgopal as Joint Managing Director and CEO

0 min read     Updated on 09 Jan 2026, 08:20 PM
scanx
Reviewed by
Suketu GScanX News Team
Overview

Akzo Nobel has appointed Rajiv Rajgopal as Joint Managing Director and Chief Executive Officer, representing a significant leadership development for the company. This strategic appointment strengthens the company's executive structure and demonstrates its commitment to experienced leadership for future growth and operational excellence.

29515847

*this image is generated using AI for illustrative purposes only.

Akzo Nobel has announced a significant leadership change with the appointment of Rajiv Rajgopal as Joint Managing Director and Chief Executive Officer. This key executive appointment marks an important development in the company's leadership structure.

Leadership Appointment Details

The appointment of Rajiv Rajgopal to the dual role of Joint Managing Director and CEO represents a strategic move by Akzo Nobel to strengthen its executive leadership. This leadership transition is expected to bring fresh perspectives and enhanced strategic direction to the organization.

Strategic Implications

The new appointment reflects the company's focus on building a robust leadership team capable of navigating the evolving business landscape. With Rajgopal assuming these critical responsibilities, the company is positioning itself for continued growth and operational excellence.

This leadership change demonstrates Akzo Nobel's commitment to maintaining strong governance and strategic oversight through experienced executive leadership. The dual role structure is designed to ensure effective management and strategic execution across the organization's operations.

Historical Stock Returns for Akzo Nobel

1 Day5 Days1 Month6 Months1 Year5 Years
-0.86%-1.63%-10.20%-14.95%-13.93%+30.49%
Akzo Nobel
View in Depthredirect
like18
dislike
More News on Akzo Nobel
Explore Other Articles
3,133.90
-27.20
(-0.86%)