JSW Dulux reports no impact on audit opinion despite financial statement interchange

Arunika Jain — Mon, 25 May 2026 16:54:53 +0000

JSW Dulux Limited, formerly known as Akzo Nobel India Limited, has addressed an inadvertent interchange between account heads in its financial statements for the year ended 31 March 2026. The issue pertains to the previous year’s figures for FY 2024-25, specifically in the Statement of Assets and Liabilities.

The company has received a letter from its statutory auditors, Price Waterhouse Chartered Accountants LLP, confirming that the interchange does not affect their audit opinion dated 13 May 2026 on the standalone and consolidated financial results for the year ended 31 March 2026. The auditors noted that the figures for ‘Total non-current liabilities’ and ‘Total current liabilities’ as of 31 March 2025 were inadvertently interchanged between a few account heads.

The auditors provided a detailed comparison of the published financial results against the audited financial statements for the year ended 31 March 2025. The discrepancies were noted in several line items, including deferred tax liabilities, non-current provisions, and other non-current liabilities, among others. However, the total figures for non-current and current liabilities remained unchanged.

JSW Dulux Limited has acknowledged the observation and assured stakeholders that it has reviewed the issue. The company intends to inform all relevant parties, including stock exchanges, about the inadvertent interchange to ensure clarity and transparency.

Price Waterhouse Chartered Accountants LLP reiterated that their audit opinion remains unchanged and unaffected by this observation. They have requested the company to communicate this clarification to all stakeholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

JSW Dulux Limited | Business Upturn

JSW Dulux reports no impact on audit opinion despite financial statement interchange