Kirloskar Brothers Limited — Important, 12-08-2025: Disclosure of material issue

Kirloskar Brothers (KBL) faces a tax demand of approx. ₹15.48 Cr for alleged GST arrears from 2017-18. This claim is linked to an unincorporated Joint Venture (IVRCL-KBL-MEIL) that executed a project in Andhra Pradesh. KBL has challenged this demand by filing a Writ Petition in the Andhra Pradesh High Court, seeking to set aside the order and an interim stay. The financial implications for the company are currently uncertain as the matter is now with the court. #KBL #TaxDemand #LegalAction