Kalpataru Limited has informed the Exchange about General Updates
KALPATARU · price
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Awaiting price reaction for this filing.
Kalpataru Limited's wholly owned subsidiary, Azure Tree Lands Private Limited (ATLPL), has received an Income Tax Assessment Order dated September 24, 2025, from the Income Tax Department's Assessment Unit. The order pertains to the income tax return filed for FY 2022-23 (AY 2023-24) under section 143(3) read with section 144B of the Income Tax Act, 1961. The Assessing Officer has made certain additions/disallowances to the returned income, resulting in a demand of Rs. 24.01 Crores (including interest). Additionally, a show cause notice for penalty under section 274 read with section 270A of the Income Tax Act has also been issued. The company believes the demand is not maintainable and plans to file an appeal against the order.
The Rs. 24.01 Crore tax demand on the subsidiary is a contingent liability that may impact the consolidated financials if the appeal is unsuccessful, though the company intends to contest it. This is a routine regulatory disclosure and the stock price impact is likely to be limited unless the matter escalates.