Kalpataru Projects International Limited — Others, 15-05-2025: Action(s) taken or orders passed

Kalpataru Projects International Limited has announced a board meeting on the financial results for the quarter and half-year. The company received a GST order demanding tax, interest, and a penalty of INR 10.96 lakh related to the erstwhile JMC Projects (India) Limited for FY 2018-19 over alleged incorrect Input Tax Credit claims. Kalpataru Projects plans to appeal, citing that submitted documentary evidence was overlooked. This penalty is unlikely to have any significant financial or operational impact on the company.