Kalpataru Limited has disclosed, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that its wholly owned subsidiary, Ananta Landmarks Private Limited (ALPL), has received a GST appellate order dated May 8, 2026, from the Joint Commissioner of State Tax, Mumbai – App-F-0008. The order imposes a net GST demand of Rs. 4,00,85,389 (Rupees Four Crores Eighty-Five Thousand Three Hundred and Eighty-Nine only) for the period April 2021 to March 2022, inclusive of interest and penalty.

Background and Prior Disclosures

This development follows a series of earlier disclosures made by Kalpataru Limited regarding GST-related orders received by ALPL. The table below summarises the prior demands communicated to the stock exchanges:

In the current matter, ALPL had originally received an order dated December 30, 2025, passed by the Deputy Commissioner of State Tax (MUM-AUD-E-0405), Mumbai, imposing a total GST demand of Rs. 5,48,78,704 (Rupees Five Crores Forty-Eight Lakhs Seventy-Eight Thousand Seven Hundred and Four Only) for FY 2021-22, inclusive of interest and penalty under the IGST Act, 2017, the Central Goods and Services Tax Act, 2017, and the State Goods and Services Tax Act, 2017.

Appeal and Revised Order

ALPL filed an appeal on February 20, 2026 against the original order. The GST Appellate Authority has now partially allowed the appeal, reducing the demand to Rs. 4,00,85,389, under Section 107 of the CGST Act, 2017, and Section 20 of the IGST Act read with Section 107 of the CGST Act, 2017. The order was received by ALPL on May 8, 2026 at 2:29 p.m.

The key details of the appellate order are summarised below:

Nature of Alleged Contraventions

The order pertains to the following alleged violations:

• RCM Liability on services provided by Municipal Corporation
• Excess claim of Input Tax Credit (ITC) in GSTR-3B on account of various reasons
• Differential tax liability on corporate guarantee

Financial Impact and Next Steps

Kalpataru Limited has stated that this order does not have a material financial impact on the company. ALPL intends to file a further appeal against the order before the appropriate GST Appellate Tribunal. Based on the opinion of its legal advisors, ALPL is of the view that it has a strong case in the matter.

The disclosure was made in accordance with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, read with Regulation 30 of the SEBI Listing Regulations. The information has also been simultaneously disseminated on the company's website.

Kalpataru Limited has issued corporate guarantees to secure Rupee Term Loan facilities availed by its subsidiaries, Agile Real Estate Private Limited and Agile Real Estate Dev Private Limited, from ICICI Bank Limited. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has provided corporate guarantees of Rs 400 crore for Agile Real Estate Private Limited and Rs 390 crore for Agile Real Estate Dev Private Limited. Both loan facilities have a tenor of up to 60 months, and the corporate guarantees are co-terminus with the respective loan facilities. The guarantees were issued on April 30, 2026, at 06:00 p.m. and 06:05 p.m. respectively.

Key Details of Corporate Guarantees

The corporate guarantees represent contingent liabilities for Kalpataru Limited. The company has clarified that these guarantees have been provided on behalf of its subsidiaries, which are part of the consolidated group. At this point, there is no financial impact of these guarantees on the company.

Transaction Disclosure

The promoters, promoter group, and group companies do not have any interest in these transactions. The requisite details in accordance with the SEBI Master Circular have been provided in Annexure-I. The information has been simultaneously disseminated on the company's website at the investor corner section.

The disclosure was signed by Gajendra Mewara, Company Secretary & Compliance Officer of Kalpataru Limited, on April 30, 2026. The company is listed on both the National Stock Exchange of India Limited (NSE Code: KALPATARU) and BSE Limited (BSE Code: 544423).