BSECompany Update17 Oct 2026 · 17 Oct 2026, 11:48 am
Disclosure with regard to Show Cause-cum Demand Notice received from GST Department by Kalpataru Properties Limited, the wholly-owned subsidiary of the Company
Kalpataru Ltd · 544423
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Kalpataru Ltd's wholly-owned subsidiary, Kalpataru Properties Limited, received a Show Cause-cum Demand Notice from the GST Department for Rs. 73,85,00,312, but the company believes the notice is unsustainable and has no material financial impact on its operations.
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Growth Catalyst1/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Kalpataru Ltd - 544423 - Announcement Under Regulation 30 (LODR) - Disclosure With Regard To Show Cause-Cum Demand Notice Received From GST Department By The Wholly Owned Subsidiary - Kalpataru Properties Limited
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October 17, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot no. C/1, G Block, Listing Operation Department,
Bandra Kurla Complex, Bandra (E), 20th Floor, P.J. Towers, Dalal Street,
Mumbai - 400 051 Mumbai – 400 001
NSE Code: KALPATARU BSE Code: 544423
Subject: Disclosure with regard to Show Cause-cum Demand Notice received from GST
Department by the wholly owned subsidiary – Kalpataru Properties Limited
Reference: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Dear Sir/Madam,
This is to inform that Kalpataru Properties Limited (“KPL”), a wholly owned subsidiary of the
Company, has received a Show Cause-Cum Demand Notice (“Notice”) dated October 15, 2026,
issued by GST Authority, calling upon KPL to show cause why GST amounting to Rs. 73,85,00,312
(Rupees Seventy-Three Crores Eighty-Five Lakhs Three Hundred and Twelve only) along with
applicable interest and penalty should not be demanded and recovered, under Section 74A of CGST
Act, 2017 read with corresponding provisions of the MGST Act, 2017, for FY 2025-26, in respect of
certain construction services.
KPL is advised that the Notice is not sustainable and shall reply appropriately. This Notice does not
have any material financial impact on the operations of the Company.
The Company has received information from KPL about receipt of the Notice on October 16, 2026
at 3:00 p.m.
Please take the information on record.
This information is also simultaneously disseminated on the website of the Company at
https://www.kalpataru.com/investor-corner.
Thanking You,
Yours faithfully,
For Kalpataru Limited
Gajendra Mewara
Company Secretary & Compliance Officer
Membership No. A22941
KALPATARU LIMITED
CIN No.: L45200MH1988PLC050144
91, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (E), Mumbai 400 055. India.
Tel +91 22 3064 5000 Fax +91 22 3064 3131 www.kalpataru.com investor.cs@kalpataru.com