Kalpataru Limited has informed the Exchange about Disclosure with regard to an Order received by the Subsidiary from Joint Commissioner, CGST Office, Mumbai

Kalpataru Limited's subsidiary, Agile Real Estate Private Limited (AREPL), has received a demand order dated December 30, 2025, from the Joint Commissioner of CGST, Mumbai-West. The order, issued under Section 74 of the CGST Act, covers financial years 2018-19 to 2020-21 and raises a tax demand of Rs. 3,64,35,790 (~Rs. 3.64 crore) along with applicable interest and a penalty of an equivalent amount. The alleged violations relate to Input Tax Credit (ITC) availed after the due date under Section 16(4) of the CGST Act and ITC claimed from GSTR-3B non-filers. AREPL plans to appeal the order before the appropriate Appellate Authority and believes the demand is not sustainable. The company has stated that this order does not have a material financial impact.