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Latest news about Akzo Nobel

Akzo Nobel India Triumphs in Tax Dispute: INR 11.19 Lakh Demand Overturned 1 day ago

Akzo Nobel India Limited has won a significant legal case against the Central Excise and Service Tax Department, Mohali. The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Chandigarh has set aside a tax demand of INR 11.19 lakhs, including interest and penalties. The case, dating back to March 2021, involved allegations of improper utilization of Education Cess and Secondary Higher Education Cess during 2015-2017. CESTAT's ruling completely annulled the original demand, providing total relief to the company. Akzo Nobel India disclosed this development to stock exchanges in compliance with SEBI regulations.

Akzo Nobel India Reports 4% Revenue Decline in Q1, Cites Strategic Review Impact 6 days ago

Akzo Nobel India Faces Revised GST Demand of ₹2.6 Crore in Appeal Order 7 days ago

Akzo Nobel India Reports 21% Profit Decline, Announces Special Dividend of Rs 156 Per Share 10 days ago

Akzo Nobel India Declares Special Dividend Amid Q1 Profit Decline 10 days ago

More news about Akzo Nobel

01Aug 25

Akzo Nobel India Faces Increased GST Demand of ₹2.9 Crores After Appeal Order

Akzo Nobel India Limited received an Order-in-Appeal on July 31, 2025, significantly increasing its GST liability. The order upholds a demand of ₹2.9 crores, plus interest and penalties, up from a previously reduced amount of ₹21.85 lakhs. This stems from a GST dispute ongoing since August 2023. The company is reviewing the order and plans to submit further representations to authorities within the stipulated timeframe.

14Jul 25

JSW Paints Launches Open Offer for 25.24% Stake in Akzo Nobel India

JSW Paints has issued a draft letter of offer to acquire up to 25.24% of Akzo Nobel India's voting share capital at Rs 3,417.77 per share. This open offer, potentially valued at Rs 3,929.06 crore, follows JSW Paints' earlier announcement to acquire a 74.76% controlling stake from Dutch promoters for Rs 8,986.00 crore. The move is in compliance with Indian securities regulations and provides an opportunity for existing shareholders to tender their shares.

11Jul 25

JSW Paints Launches Open Offer for 25.24% Stake in Akzo Nobel India

JSW Paints initiates an open offer to acquire up to 25.24% stake in Akzo Nobel India Limited, a leading decorative and industrial paints company. The offer price is set at ₹3,417.77 per share, valuing the deal at approximately ₹3,929.00 crore. This follows a share purchase agreement with Akzo Nobel India's current promoters for a 74.76% stake. The open offer is scheduled from August 20 to September 3, 2025, subject to regulatory approvals. If fully subscribed, JSW Paints could potentially hold up to 75% of Akzo Nobel India's voting share capital.

10Jul 25

Asian Paints Divests Entire Stake in Akzo Nobel India for Rs 734 Crore

Asian Paints has divested its entire 4.42% stake (20,10,626 shares) in Akzo Nobel India for Rs 734 crore at Rs 3,651 per share. This move follows JSW Paints' agreement to acquire a 74.76% controlling stake in Akzo Nobel India from Dutch promoters for Rs 8,986 crore, pending regulatory approvals. These developments signal significant shifts in the Indian paint industry's competitive landscape.

09Jul 25

Akzo Nobel India: Major Stake Worth ₹754 Crore Changes Hands in Block Deal

A significant block deal involving a 4.4% equity stake in Akzo Nobel India has occurred, valued at approximately ₹754 crore. The transaction involved 17.9 lakh shares traded at an average price of ₹3,662 per share. While the buyer and seller remain undisclosed, it's noted that Asian Paints previously held a similar 4.42% stake in the company. This deal could potentially impact the dynamics of the Indian paint and coatings sector.

09Jul 25

Akzo Nobel India: Massive Block Trade Worth Rs 705.74 Crore on NSE

A significant block trade of Akzo Nobel India Limited shares occurred on the National Stock Exchange (NSE). 1,934,586 shares were traded at Rs 3,648.00 per share, totaling Rs 705.74 crore. This large transaction represents a substantial portion of the company's outstanding shares, potentially indicating a shift in ownership structure. The identities of the parties involved and the reasons for the trade have not been disclosed.

01Jul 25

Bharat Electronics Limited Secures ₹5.28 Billion Order

Bharat Electronics Limited (BEL) has obtained a significant order worth ₹5.28 billion (approximately $63.5 million). While specific details about the order remain undisclosed, its substantial value is expected to positively impact BEL's revenue stream. This development showcases BEL's continued competitiveness in the defense electronics sector and its ability to secure large-scale contracts.

23Jun 25

BEL Secures ₹585 Crore in Defence Equipment Orders

Akzo Nobel, a Navratna Defence PSU, has received new orders worth ₹585 crore for critical defence equipment. The orders include fire control systems, sighting systems for missiles, communication systems, jammers, spare parts, and related services. This development reinforces Akzo Nobel's strategic importance in India's defence sector and its capability to produce advanced defence technologies.

13Jun 25

Akzo Nobel India Board Greenlights Intragroup Business Transfer

Akzo Nobel India's Board of Directors and Supervisory Board have approved an intragroup business transfer. Specific details about the nature and scope of the transfer, as well as its implications, have not been disclosed. This move could potentially signify a strategic realignment aimed at enhancing operational efficiency or capitalizing on synergies within the Akzo Nobel group.

12Jun 25

Akzo Nobel India Board Greenlights Intragroup Business Transfer

Akzo Nobel India's Board of Directors and Supervisory Board have approved an intragroup business transfer. The specific details of the transfer, including the entities involved and the scale of the business being transferred, have not been disclosed. This strategic move could potentially impact the company's operations, financial structure, and organizational efficiency.

14May 25

Akzo Nobel India Q4 Results: Flat Profit, Revenue Growth, and Potential Parent Exit

Akzo Nobel India's Q4 FY25 results show flat net profit at ₹108.40 crore and 5% revenue growth to ₹1,022.00 crore. The company's B2B businesses saw double-digit growth. A final dividend of ₹30.00 per share was recommended. Notably, the Dutch parent company is considering exiting the Indian market, with potential buyers including Berger Paints, JSW Paints, and Blackstone.

30Apr 25

Akzo Nobel India Extends Deadline for Business Transfer Agreements

Akzo Nobel India Limited has extended the timeline for executing agreements related to proposed business transactions with its parent company, Akzo Nobel N.V., from May 1, 2025, to July 1, 2025. The extension maintains the same terms and conditions as previously agreed. The proposed transactions include the sale of Powder Coatings Business for INR 20,730 million, sale of International Research Centre Business for INR 700 million, and purchase of intellectual property rights for decorative paints business in India and neighboring countries for INR 11,520 million. The extension was requested by Akzo Nobel N.V. to finalize schedules, ancillary documents, and obtain Supervisory Board approval.

25Feb 25

AkzoNobel India Faces Credit Outlook Change Amid Major Business Restructuring

AkzoNobel India faces a revised credit outlook from Moody's, changing from stable to negative while maintaining a Baa2 rating. The company is implementing significant restructuring, including the sale of its Powder Coatings business for INR 20,730 million and its International Research Centre for INR 700 million. Additionally, it will acquire intellectual property rights for its Decorative Paints business in select countries for INR 11,520 million. These moves aim to streamline operations and focus on the core liquid paints and coatings business. The transactions are subject to shareholder and supervisory board approvals.

24Feb 25

Akzo Nobel India to Sell Powder Coatings and R&D Center, Acquire IP Rights for Decorative Paints

Akzo Nobel India Limited is set to undergo significant strategic changes. The company will sell its Powder Coatings business for INR 20,730 million and its International Research Center for INR 700 million to its parent company, Akzo Nobel N.V. Simultaneously, it will acquire intellectual property rights for its decorative paints business in India and neighboring countries for INR 11,520 million. These moves aim to focus the company on liquid paints and coatings, streamlining operations and strengthening its market position. The transactions, subject to shareholder and board approvals, are expected to complete by December 31, 2025.