KPIL Eswatini branch receives tax demand of about Rs 99 lakhs

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KPIL · price

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Price reactionminutes from the announcement price · days from the prior close

+3.4%Reaction day

₹1265.00

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.4%+2.0% vs market

Civil Construction peers, median of 99sector+0.9%+2.5% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Smallcap 250 and 2.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 99Pending

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AI summary

Kalpataru Projects International (KPIL) said its branch office in Eswatini received a tax assessment order from the Eswatini Revenue Service for FY 2022-23 to 2024-25. The order demands tax and a fine of about Rs 99.12 lakhs over alleged wrongful addition of offshore supply revenue and disallowance of certain branch expenses. The company plans to file objections within prescribed timelines and stated the demand will not have any significant impact on its finances or operations.

Likely market impact

Small financial hit, company plans to contest. Watch outcome of objections to Eswatini tax order.