Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
KEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KEC International's wholly-owned subsidiary, KEC Spur Infrastructure Private Limited, has received a tax demand order from the Income Tax Department for Rs. 46.19 crore. The demand relates to Assessment Year 2022-23 and arose from ad-hoc additions/disallowances of normal business expenditures and alleged unverified creditors. The company received intimation of the order on April 9, 2026. KEC International states the demand is based on estimations and believes it can substantiate the genuineness of expenses. The company plans to file necessary appeals to contest the demand.
This creates a contingent liability of Rs. 46.19 crore for the subsidiary, though KEC International does not foresee material financial impact. The stock may see minor negative sentiment due to the litigation, though management's confidence in contesting the demand could limit the downside.