NSEAction(s) taken or orders passed2d ago · 29 Oct 2026, 12:57 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 2018-19 and 2020-21, and the company will file an appeal against the order.
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Growth Catalyst1/10
Governance Concern1/10
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Market Sentiment5/10
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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
29th 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 73 of the Central Goods and Services Tax Act, 2017 and the rules made thereunder,
from the GST Authority on 28th October, 2026 at about 01:59 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 first
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) The authority has demanded tax, interest and penalty for
taken, or order(s) passed the Financial Year 2018-19 and 2020-21 on the grounds
of excess availment of Input tax credit, mis-match in tax
payment and short payment of tax under Reverse Charge
Mechanism.
The Authority under the said order has inter-alia
demanded to pay penalty of INR 6.76 Crores.
The Company will file appeal against the said order and
demand made thereunder before the first Appellate
Authority.
c. Date of receipt of direction or order,
including any ad-interim or interim 28th October, 2026
orders, or 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 does not have any significant impact on the Company.
in 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