Kalpataru Projects International Limited has informed the Exchange about Action(s) taken or orders passed
KPIL · price
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Kalpataru Projects International Limited (KPIL) informed the exchanges that a consortium in which the company is a member received an order from the GST Authority on 30th December 2025 under Section 74 of the CGST Act, 2017. The order relates to alleged excess availment of Input Tax Credit (ITC) and short payment of tax for the financial years 2018-19 to 2022-23. The authority has imposed a penalty of INR 1.51 crores on the consortium. The company stated that the order was passed without considering the reply and documentary evidence submitted, and that the consortium has a strong case to defend. An appeal will be filed before the Appellate Authority within the prescribed timelines.
The company has clarified that the penalty has no significant impact on its financial or operational position. The amount is relatively small for a company of KPIL's scale, and the matter will be contested in appeal, so near-term impact on shareholders or stock price is likely limited.