Kalpataru Projects International Limited has received an Environmental, Social, and Governance (ESG) rating from SES ESG Research Private Limited, a SEBI registered ESG rating provider. The company informed stock exchanges about this development under regulatory disclosure requirements.

ESG Rating Details

SES ESG Research Private Limited has assigned an ESG rating of 66.7 to Kalpataru Projects International Limited for FY 2025. The rating communication was received by the company on 30th March, 2026, at about 06:55 p.m. (IST), and was simultaneously updated on SES ESG's official website.

Independent Assessment

The company specifically clarified that it did not engage SES ESG Research Private Limited for obtaining this ESG rating. The assessment was conducted independently by the rating provider based on publicly available information about the company's environmental, social, and governance practices.

Regulatory Compliance

Kalpataru Projects International Limited has informed both BSE Limited and National Stock Exchange of India Limited about this ESG rating assignment. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform exchanges about material events and developments.

The communication to stock exchanges was signed by Company Secretary Shweta Girotra and dated 31st March, 2026. SES ESG Research Private Limited operates as a SEBI registered ESG rating provider, ensuring regulatory compliance in its rating methodology and disclosure processes.

Kalpataru Projects International Limited has disclosed receiving a penalty order from the GST Authority demanding ₹57.59 lakhs for alleged Input Tax Credit irregularities spanning five financial years from 2019-20 to 2023-24.

GST Authority Order Details

The company received the order on March 28, 2026, at approximately 4:14 PM IST under the provisions of Sections 74 and 122 of the Central Goods and Services Tax Act, 2017, along with relevant provisions of the State Goods and Services Tax Act, 2017.

Company's Response and Legal Action

Kalpataru Projects International has expressed confidence in defending the matter, stating that the order was issued without considering the company's reply and documentary evidence submitted to the authority. The company plans to file an appeal before the Appellate Authority within the prescribed timelines.

The GST Authority has demanded tax, interest, and penalty based on allegations of improper Input Tax Credit practices during the specified period. The company maintains it has substantial grounds to challenge the order through the appellate process.

Financial Impact Assessment

According to the company's disclosure, the penalty amount does not have any significant impact on its operations or financial position. The disclosure was submitted on the first working day following receipt of the order, in compliance with regulatory requirements under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

The company has formally communicated this development to both BSE Limited and National Stock Exchange of India Limited as part of its mandatory disclosure obligations to keep stakeholders informed of material developments.