Rajasthan GST authority passes adjudication order, company to contest

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KEC · price

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On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and in line with its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

KEC International received a GST adjudication order from the Rajasthan tax authority dated December 22, 2025. The order alleges short payment of GST compared to GSTR-1 and GSTR-9 returns, with a tax demand of Rs. 99.72 lakh and an equal penalty of Rs. 99.72 lakh, totaling about Rs. 2 crore. The company is reviewing the order and plans to pursue appropriate legal remedy to contest the demand. Management states no material financial impact is expected from this order.

Likely market impact

Demand is about 2 crore which the company calls immaterial. Plans to appeal, so no immediate financial hit expected for shareholders.