Receipt of an Order dated 08th May, 2026 passed by Joint Commissioner of the State Tax (GST Appellate Authority) to Ananta Landmarks Private Limited, a Wholly-Owned Subsidiary

Kalpataru Ltd's wholly-owned subsidiary Ananta Landmarks Private Limited (ALPL) has received a GST appellate order imposing a net demand of Rs. 4.01 crore for the period April 2021 to March 2022. This follows an earlier order from December 2025 that had raised a demand of Rs. 5.49 crore, which ALPL had challenged. The appellate authority partially allowed the appeal, reducing the demand by about Rs. 1.48 crore. The violations relate to RCM liability on municipal corporation services, excess input tax credit claims, and differential tax on corporate guarantees. The company states this does not have material financial impact and ALPL will further appeal to the GST Appellate Tribunal.