NSEAction(s) taken or orders passed1d ago · 9 Oct 2026, 08:08 pm
Action(s) taken or orders passed
Kalpataru Projects International Limited · KPIL
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Kalpataru Projects International Limited has received an order from the GST Authority demanding tax, interest, and penalty for the financial year 2021-22 on the grounds of excess availment of Input Tax Credit. The company will file an appeal against the order.
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Kalpataru Projects International Limited has informed the Exchange about Action(s) taken or orders passed
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KPIL/26-27
09th October, 2026
BSE Limited National Stock Exchange of India Ltd.
Corporate Relationship Department ‘Exchange Plaza’, C-1,
Phiroze Jeejeebhoy Towers Block ‘G’, Bandra-Kurla Complex
Dalal Street, Fort Bandra (E)
Mumbai - 400 001 Mumbai – 400 051
Scrip Code: 522287 Scrip Code: KPIL
Sub.: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, this is to inform that the Company has received an Order under the provisions
of Section 74 of the Central Goods and Services Tax Act, 2017 read with relevant provisions of the State Goods
and Services Tax Act, 2017 and the rules made thereunder, from the GST Authority on 09th October, 2026 at
about 03:58 P.M. (IST). The Company has a strong case to defend the matter before the Appellate Authority
since the Order is issued without considering the reply and documentary evidences submitted by the Company,
and the Company will prefer an appeal before Appellate Authority against the said Order within prescribed
timelines.
The relevant details to be disclosed are as under:
SN Particulars Details
a. Name of the authority GST Authority
b. Nature and details of the action(s) taken or The authority has demanded tax, interest and penalty for
order(s) passed the Financial Year 2021-22 on the alleged grounds of
excess availment of Input Tax Credit.
The Authority under the said Order has demanded to pay
penalty of INR 1.05 Crore.
The Company will file appeal against the said Order and
demand made thereunder before Appellate Authority.
c. Date of receipt of direction or order,
including any ad-interim or interim orders, or 09th October, 2026
any other communication from the authority
d. Details of violation(s) / contravention(s) Covered under (b) above
committed or alleged to be committed
e. Impact on financial, operation or other The penalty levied is covered under (b) above. The same
activities of the listed entity, quantifiable in does not have any significant impact on the Company.
monetary terms to the extent possible
Kindly take the same on your records and oblige.
Thanking you,
Yours faithfully,
For Kalpataru Projects International Limited
Shweta Girotra
Company Secretary
Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500
Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000
Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281