Kalpataru Projects International Limited — Others, 27-05-2025: 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, as part of a consortium, received a GST authority order denying input tax credit for FY 2021-22, along with demands for tax, interest, and a penalty totaling INR 99.80 lakh. The consortium disputes this order, citing supporting evidence, and intends to appeal. The penalty is not expected to materially affect the company’s financials or operations, reflecting limited impact on shareholder value.