Kalpataru Projects International Limited — Others, 25-10-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Kalpataru Projects International Limited has received an Assessment Order from the Income Tax Department, demanding a tax of INR 64.07 Crores and interest of INR 9.84 Crores for the assessment year 2021-22. The company intends to appeal the order, asserting it has a strong case and will also file for rectification of perceived errors. The situation is not expected to have a significant financial impact on the company.