KEC International Limited has disclosed the assignment of an ESG rating by ESG Risk Assessments & Insights Limited under regulatory compliance requirements. The company received an ESG rating of 51, which was communicated to stock exchanges on April 09, 2026.

Regulatory Compliance Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 as the regulatory framework governing this disclosure requirement.

Stock Exchange Communication

KEC International communicated this ESG rating disclosure to both major Indian stock exchanges. The company filed the information with the National Stock Exchange of India Limited at Exchange Plaza, Bandra Kurla Complex, and BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street.

Corporate Governance

The disclosure was officially signed by Suraj Eksambekar, who serves as the Company Secretary and Compliance Officer for KEC International Limited. The digital signature was applied on April 09, 2026 at 20:03:34 +05'30', ensuring proper authentication and compliance with regulatory requirements.

This ESG rating disclosure represents part of the company's ongoing commitment to transparency and regulatory compliance in environmental, social, and governance matters as mandated by SEBI regulations.

KEC International has informed stock exchanges about a significant tax demand received by its wholly owned subsidiary, KEC Spur Infrastructure Private Limited. The subsidiary received an order from the Income Tax Department on April 9, 2026, raising a tax demand of Rs. 46.19 crores for the financial year 2022-23.

Tax Demand Details

The Income Tax Department's Assessment Unit issued the order dated March 24, 2026, which primarily stems from ad-hoc additions and disallowances of normal business expenditures and alleged unverified creditors. The demand represents a substantial amount that the subsidiary will need to address through appropriate legal channels.

Company's Response Strategy

KEC International has expressed confidence in contesting the tax demand, stating that the subsidiary believes the matter is strong on merits. The company characterizes the impugned tax demand as ad-hoc and based on estimations rather than substantive grounds. Management expects that the wholly owned subsidiary will be able to substantiate and justify the genuineness of the expenses in question.

The subsidiary is currently in the process of filing necessary appeals with the Commissioner of Income Tax (Appeals) to challenge the order. The company anticipates that following the completion of the redressal process, the impugned tax demand is likely to be deleted.

Financial Impact Assessment

Despite the substantial quantum of the demand, KEC International has indicated that it does not foresee any material financial impact on account of this order. This assessment is based on the company's belief that the subsidiary has strong grounds to contest the demand and that the expenses in question represent legitimate business expenditures.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding material developments affecting the subsidiary. This regulatory filing demonstrates the company's commitment to maintaining proper disclosure standards for significant tax-related matters that could potentially impact its operations.