Kalpataru subsidiary KPL gets Rs 73.85 cr GST show cause notice

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KALPATARU · price

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

-1.9%Reaction day

₹263.60

prior close

₹263.60

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.7%-0.2% vs market

Residential Commercial Projects peers, median of 65sector-1.6%-0.3% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wholly-owned subsidiary Kalpataru Properties Limited received a GST show cause-cum-demand notice on October 15, 2026 for Rs 73.85 crore (Rs 73,85,00,312) plus interest and penalty under Section 74A of CGST Act, 2017 for FY 2025-26, related to certain construction services. KPL says the notice is not sustainable and will reply. Company states no material financial impact on its operations.

Likely market impact

Show cause stage, not a final demand. Subsidiary plans to contest. Company claims no material impact, but adverse ruling could hurt finances.