Kalpataru Projects International will attend the Bharat Connect Conference: Rising Stars on September 30, 2026. The event is a virtual group meeting organized by Arihant Capital Markets Ltd.

The company disclosed the schedule in a filing dated September 24, 2026. The meeting is intended for analysts and institutional investors. Kalpataru stated that no unpublished price sensitive information would be shared during the session.

Meeting Details

The participation falls under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific nature of the engagement is a group meeting conducted via virtual mode.

The company noted that the meeting schedule is subject to change. This intimation ensures transparency regarding interactions with the investment community.

Kalpataru Projects International Limited received an order from the Additional Commissioner (Appeal) upholding a ₹1.45 crore GST penalty for the period FY20 to FY22. The appellate authority confirmed the demand alongside tax and interest liabilities, rejecting the company's earlier defense.

The order, received on September 23, 2026, stems from an original assessment by the GST Authority. The initial demand included a tax component of ₹1.45 crore and interest of ₹0.15 crore, totaling ₹3.05 crore in combined liability for the specified fiscal years. The authorities cited grounds including excess claim of Input Tax Credit (ITC), time-barred availment of ITC, and availment of ITC on blocked supplies.

Appeal History and Company Response

The company had previously filed an appeal before the Additional Commissioner (Appeal) after receiving the initial orders in August 2024. In its recent disclosure, Kalpataru Projects stated that it maintains a strong case for defense before higher appellate authorities. The company argued that the current order was issued without considering the reply and documentary evidence submitted during the proceedings.

Management plans to prefer a further appeal against this order within the prescribed timelines. The company noted that these amounts do not have a significant impact on its overall financial position or operations.

What the Numbers Show

The disclosure highlights a specific cluster of tax disputes related to Input Tax Credit compliance rather than broad operational tax issues. The penalty of ₹1.45 crore is equal to the tax demand of ₹1.45 crore, indicating a severe interpretation of non-compliance by the assessing authority. When combined with the interest of ₹0.15 crore, the total exposure for this specific case stands at ₹3.05 crore. This figure represents a subset of a larger aggregate demand disclosed in August 2024, which totaled ₹4.74 crore across tax, interest, and penalty for various state GST departments.