Kalpataru Projects International Limited — Others, 01-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

The Deputy Commissioner of Income Tax in Mumbai has reassessed income for Kalpataru Projects International Limited, affecting the tax years from AY 2013-14 to AY 2020-21, with a total tax demand, including interest, reaching approximately INR 141.31 Crore. The company believes it has a strong case to contest the orders based on prior legal precedents and is preparing to file appeals. While the demands do not significantly impact the company's financial position, ongoing actions to rectify erroneous tax claims, especially a demand of INR 95.83 Crore for AY 2016-17, are underway. This situation presents an opportunity for proactive legal defense, which may sustain investor confidence moving forward.