Kalpataru Projects International has informed that in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in reference to earlier intimation dated 27th December, 2023 submitted to the stock exchanges (copy attached), wherein the GST Authority had passed an Order and had demanded to pay penalty of INR 3.72 Crores, in addition to tax demand and interest on the grounds of mismatch in ITC availed in GSTR-3B and ITC available in GSTR-2A for the FY2017-18, the Company had filed an appeal before the Hon’ble Appellate Authority against the said Order passed by the GST Authority. The Hon’ble Appellate Authority vide its Order has upheld the Order passed by the GST Authority. The Order of the Hon’ble Appellate Authority was received by the Company on 11th September, 2025 at about 04:25 PM (IST). The Company has a strong case to defend the matter before the higher appellate authority since the Order is issued without considering the reply and documentary evidence submitted by the Company, and will prefer further appeal against the said Order within prescribed timelines.  

The above information is a part of company’s filings submitted to BSE.