Kalpataru Projects International Limited — Others, 03-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Kalpataru Projects International Limited has announced a board meeting to address a rectification order issued by the Deputy Commissioner of Income Tax for the Assessment Year 2016-17. The demand of ₹95.83 crore has been rectified and reduced to nil, alleviating a significant financial burden. This development enhances the company's financial health by eliminating a prior tax liability, potentially boosting investor sentiment. Overall, this positive update may reflect positively on the company’s operational efficiency and governance.