Integrated Filing — IndAS



General information about company

Scrip Code 500710
NSE Symbol AKZOINDIA
MSEI Symbol NOTLISTED
ISIN INE133A01011
Name of company Akzo Nobel India Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 02-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 02-02-2026   16:30:00
End date and time of board meeting 02-02-2026   19:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Company do not have any loans or debt securities as of now



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 90,772.00 2,73,773.20
Other income 1,466.40 3,137.20
Total income 92,238.40 2,76,910.40
2 Expenses
(a) Cost of materials consumed 43,774.50 1,39,704.00
(b) Purchases of stock-in-trade 4,775.80 14,365.50
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 3,950.80 4,327.20
(d) Employee benefit expense 6,720.10 23,732.50
(e) Finance costs 284.70 781.70
(f) Depreciation, depletion and amortisation expense 1,857.60 5,517.50
(f) Other Expenses
1 Other Expenses 17,985.30 53,574.50
Total other expenses 17,985.30 53,574.50
Total expenses 79,348.80 2,42,002.90
3 Total profit before exceptional items and tax 12,889.60 34,907.50
4 Exceptional items (2,786.40) 1,84,633.40
5 Total profit before tax 10,103.20 2,19,540.90
6 Tax expense
7 Current tax 1,826.90 30,845.90
8 Deferred tax 863.60 3,912.00
9 Total tax expenses 2,690.50 34,757.90
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 7,412.70 1,84,783.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 7,412.70 1,84,783.00
17 Other comprehensive income net of taxes (524.60) (672.50)
18 Total Comprehensive Income for the period 6,888.10 1,84,110.50
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 4,554.00 4,554.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 16.27 405.75
Diluted earnings (loss) per share from continuing operations 16.27 405.75
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 16.27 405.75
Diluted earnings (loss) per share from continuing and discontinued operations 16.27 405.75
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to the Standalone Unaudited Financial Results for the quarter and nine months ended 31 December 2025 1. The Standalone Unaudited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 02 February 2026. The figures for the quarter and nine months ended 31 December 2025 have been subjected to limited review by the statutory auditors. 2. The Company is principally engaged in the business of manufacturing paints, coatings and allied products in India with similar risk, returns and internal business reporting system. Accordingly, there are no reportable segment(s) other than Paints, which singly or in aggregate qualify for separate disclosure as per provisions of the relevant Ind AS 108 Operating segments”. 3. During the quarter and nine months ended 31 December 2025, the Company recognised exceptional items amounting to INR 279 million and INR 18,463 million respectively. The details of the same are as follows: Particulars Quarter ended 31 December 2025 Nine months ended 31 December 2025 Profit from the slump sale of the Powder Coatings business division and the International Research Center division (net of directly attributable expenses) - 18,925 Provision on account of impairment of property, plant and equipment rendered unusable pursuant to the above slump sale (at net book value) - (79) Reimbursement towards additional costs incurred pursuant to the above slump sale 71 71 Impact of new Labour Codes* (316) (316) Retention incentive (34) (138) Total – (Expense) / Income (279) 18,463 * The Government of India has notified the Code on Social Security, 2020; the Occupational Safety, Health and Working Conditions Code, 2020; the Industrial Relations Code, 2020 and the Code on Wages, 2019 (collectively, the Labour Codes) on November 21, 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to Labour Codes. The Company has evaluated the impact of increased employee benefits obligations arising from the implementation of the Labour Codes based on its best judgment in consultation with external experts. Accordingly, the Company has recognised a financial impact of Rs. 316 million in accordance with Ind AS 19 - 'Employee Benefits' and disclosed it as an Exceptional Item in the financial results for the quarter and nine months ended 31 December 2025. The Company will continue to monitor the finalization of Central and State Rules and further Government clarifications, and will record any additional accounting impact, as required. 4. Current tax for the nine months ended 31 December 2025 includes an amount of INR 2,704 million in respect of slump sale of Powder Coatings business division and the International Research Center division during the previous quarter. Also, deferred tax for the nine months ended 31 December 2025 includes an amount of INR 544 million (charge) in respect of taxable timing differences related to IPRs capitalised during the previous quarter. 5. During the quarter, the Company completed the sale of its lease hold immovable property at Nerul (Mumbai, Maharashtra) resulting in a gain of Rs. 111 million which has been recognized as Other income in the Standalone Unaudited Financial Results for the quarter and nine months ended 31 December 2025. 6. On 10 December 2025, JSW Paints Limited (JSW) acquired 60.76% shares of the Company under Share Purchase Agreement entered with Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V. Pursuant to the acquisition, JSW holds 61.2% of the paid-up equity share capital of the Company and is now classified as the promoter of the Company. Imperial Chemical Industries Limited, Akzo Nobel Coatings International B.V. and Akzo Nobel N.V. have ceased to be part of the promoter / promoter group of the Company with effect from 10 December 2025. 7. The Standalone Unaudited Financial Results for the quarter and nine months ended 31 December 2025 are not comparable with the corresponding previous periods due to the slump sale of the Powder Coatings business division and the International Research Center division during the quarter ended 30 September 2025. Mumbai Rajiv Rajgopal 02 February 2026 Jt. Managing Director & CEO



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Paints 90,772.00 2,73,773.20
Total Segment Revenue 90,772.00 2,73,773.20
Less: Inter segment revenue 0.00 0.00
Revenue from operations 90,772.00 2,73,773.20
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Paints 10,416.10 2,20,362.70
Total Profit before tax 10,416.10 2,20,362.70
i. Finance cost 284.70 781.70
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 10,131.40 2,19,581.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Paints 3,77,030.00 3,77,030.00
Total Segment Asset 3,77,030.00 3,77,030.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 3,77,030.00 3,77,030.00
4 Segment Liabilities
Segment Liabilities
1 Paints 3,77,030.00 3,77,030.00
Total Segment Liabilities 3,77,030.00 3,77,030.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 3,77,030.00 3,77,030.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Gain/(Loss) of defined benefit plans (701.00) (900.00)
Total Amount of items that will not be reclassified to profit and loss (701.00) (900.00)
2 Income tax relating to items that will not be reclassified to profit or loss (176.40) (227.50)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income (524.60) (672.50)