Kalpataru Projects International Limited has informed the Exchange about Action(s) taken or orders passed
KPIL · price
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Awaiting price reaction for this filing.
Kalpataru Projects International Limited (KPIL) received a favorable order from the GST Appellate Authority on 29th August 2025 in a tax dispute dating back to February 2025. The original GST Authority order had imposed a penalty of INR 42.80 lakhs (plus tax and interest) for FY 2020-21, alleging wrong/excess availment of input tax credit. After the company filed an appeal, the Appellate Authority allowed the appeal, significantly reducing the tax demand and interest, and slashing the penalty to just INR 0.4 lakh (a reduction of over 99%). The company disclosed the original order under Regulation 30 of SEBI LODR, and this update confirms the positive resolution of the matter.
Positive for shareholders - the near-complete waiver of the INR 42.80 lakh penalty removes a previously disclosed liability and demonstrates the company's strong defense in tax matters. Minimal financial impact given the small absolute amount, but reinforces management's credibility in handling regulatory issues.