Kalpataru Projects International Limited — Others, 09-12-2024: Action(s) taken or orders passed

Kalpataru Projects International Limited has received a Show Cause Notice from the GST Authority, demanding a penalty of INR 3.02 crore due to alleged discrepancies in the transport documents for goods delivered to a project site. While the penalty has been deducted from their electronic cash ledger, the company plans to appeal for a refund. The financial impact is not expected to be significant. This situation could lead to investor concerns about operational disruptions, but overall risk remains low given the company's proactive approach to appeal.