KEC International Limited — Others, 09-01-2025: Action(s) taken or orders passed

KEC International Ltd. has received an adjudication order from the VAT Authority in Tamil Nadu regarding alleged non-submission of statutory forms for the year 2012-13. The order imposes a tax amount of ₹19.31 lakh (cr) and a penalty of ₹28.97 lakh (cr). The company intends to contest this demand through appropriate legal channels and does not anticipate a material financial impact from the order.

This update could signal to investors a potential risk due to the ongoing legal proceedings, but KEC's confidence in mitigating financial repercussions suggests a steadying outlook for operations.