KEC International disclosed that its branch in Mali received an assessment order imposing a penalty of ₹6.79 crore from the Directorate of Large Enterprise (DGE). The communication was received on September 29, 2026.

The penalty relates to an order covering the period from January 2020 to December 2021. The DGE allegedly taxed offshore supplies by applying an ad-hoc margin and rejecting a Ministerial Decree that exempted the project from taxes.

Breakdown of the demand

The total financial impact comprises both the base tax amount and the associated penalties. The company has stated it does not foresee any material financial impact as it intends to contest the demand through legal remedies.

Note: Conversion based on FCFA/INR rate of 0.1664 on September 29, 2026.

Company response and outlook

KEC International stated that the demand is not correct and advised that it will seek appropriate legal remedies to contest the order. The company emphasized that the project was exempt from taxes under a Ministerial Decree, which the DGE allegedly rejected in its assessment.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company remains focused on resolving the dispute without anticipating significant operational or financial disruption.

KEC International has announced a schedule of analyst and institutional investor meetings spanning three days in late September 2026. The engagements include in-person forums in Mumbai and a virtual conference call.

The company filed the disclosure with the National Stock Exchange of India and BSE Limited on September 23, 2026. The meetings are organized by Nuvama, PL Capital, and Bharat Connect. These interactions provide opportunities for one-on-one and group discussions with the management team.

Meeting Schedule Details

The following table outlines the specific dates, organizers, and modes of interaction planned by the company:

Compliance and Logistics

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Suraj Eksambekar, Company Secretary and Compliance Officer, signed the document digitally on September 23, 2026.

The company noted that dates are subject to change due to exigencies on the part of the company or the organizer. Any presentations made during these meetings will be consistent with materials available on the company and stock exchange websites.