Kalpataru Projects International Limited — Others, 12-12-2024: Action(s) taken or orders passed

Kalpataru Projects International Limited has received a tax assessment notice from the Ghana Revenue Authority, which includes a penalty of GHS 12,369.16 (approximately INR 0.71 crore) related to PAYE tax non-compliance for the financial years 2021-22 and 2022-23. This demand arises from issues including re-computation of taxes, non-deduction of withholding taxes, and late filings. The company notes that this penalty does not significantly impact its financial position or operations. Investors may view this as a neutral impact, though it highlights potential compliance risks in international operations.