Kalpataru Limited has disclosed to stock exchanges the issuance of a corporate guarantee by its wholly-owned subsidiary to secure a significant term loan facility for another group company. The regulatory filing, made on March 12, 2026, provides details of the guarantee arrangement under SEBI Listing Regulations.

Corporate Guarantee Details

The corporate guarantee has been issued by Kalpataru Retail Ventures Private Limited (KRVPL), a wholly-owned subsidiary of Kalpataru Limited, in favor of ICICI Bank Limited. This guarantee secures a Rupee Term Loan facility of up to ₹90.00 crore availed by Agile Real Estate Dev Private Limited (AREDPL), which is a subsidiary of the company.

Transaction Structure and Terms

The Rupee Term Loan facility carries a tenor of up to 60 months, with the corporate guarantee being co-terminus with the loan period. This means the guarantee will remain valid for the entire duration of the loan facility. The arrangement represents an intra-group financing support mechanism within the Kalpataru group structure.

The company has specifically clarified that promoters, promoter group, and group companies do not have any interest in this transaction, indicating that the arrangement is conducted within the normal course of business operations.

Impact Assessment

According to the company's disclosure, the corporate guarantee represents a contingent liability for KRVPL, which is the wholly-owned subsidiary providing the guarantee. Since AREDPL is also a subsidiary company within the consolidated group, the guarantee facilitates financing within the group structure.

The company has stated that at this point, there is no impact of this guarantee on Kalpataru Limited itself. The guarantee arrangement supports the financing requirements of the subsidiary while maintaining the group's consolidated business operations.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has provided comprehensive details in accordance with the SEBI Master Circular dated January 30, 2026, ensuring full transparency regarding the guarantee arrangement.

The information has been simultaneously made available on the company's website investor section, maintaining compliance with disclosure requirements and ensuring stakeholder access to relevant corporate developments.

Kalpataru Limited has informed stock exchanges about additional GST demand orders received by its wholly owned subsidiary, Ananta Landmarks Private Limited (ALPL), from tax authorities. The latest disclosure was made under Regulation 30 of SEBI Listing Regulations on February 24, 2026, following earlier demands totaling Rs 14.48 crores.

Latest GST Demand Order

ALPL received a new order dated February 23, 2026, from the Joint Commissioner of State Tax (Appeals - VIII) on February 23, 2026 at 2:16 PM. This order relates to a different financial year than the previously reported demands.

Background of Latest Tax Dispute

The current order stems from an earlier demand that ALPL had appealed. ALPL originally received a demand of Rs 5,09,86,967 in June 2024 from the Deputy Commissioner of State Tax for FY 2019-20. The appellate authority has now partially allowed the appeal, reducing the demand to Rs 3,32,93,874.

Alleged Violations in Latest Order

The GST demand for FY 2019-20 is based on several alleged contraventions:

• Reverse Charge Mechanism (RCM) liability on services provided by Municipal Corporation
• Excess claim of Input Tax Credit (ITC) in GSTR-3B on account of various reasons
• Short reversal of common ITC in respect of short payment of interest

Previous GST Demands

Earlier, ALPL had received two separate orders dated February 16, 2026, with combined demands of Rs 14,48,86,581 covering periods from July 2017 to March 2019. These orders included demands of Rs 14,18,18,852 for July 2017 to March 2018 and Rs 30,67,729 for FY 2018-19.

Company's Response Strategy

Kalpataru Limited has stated that the latest order does not have a material financial impact on the company. ALPL plans to file an appeal against this order with the appropriate GST appellate authority. The company expressed confidence in its position, noting that based on opinions from external legal and tax advisors, ALPL has a strong case and expects a favorable outcome in the appeals process.

Regulatory Compliance

The disclosure was made in compliance with SEBI Master Circular and Regulation 30 of SEBI Listing Regulations. The information has been simultaneously published on the company's website at kalpataru.com in the investor corner section, ensuring transparency with all stakeholders.