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.

Multiple major listed companies have announced their unaudited financial results for the quarter and nine months ended December 31, 2025, through mandatory newspaper publications under Regulation 47 of SEBI Listing Regulations. The results showcase varied performance across different sectors including media, technology, financial services, and hospitality.

Media Sector Performance

Sun TV Network Limited reported consolidated financial results showing income from operations of ₹862.16 crore for the quarter ended December 31, 2025. The company's performance metrics are detailed below:

The company's standalone results showed income from operations of ₹827.87 crore with net profit after tax of ₹316.44 crore for the quarter. For the nine months ended December 31, 2025, consolidated income from operations reached ₹3,452.31 crore with net profit after tax of ₹1,208.24 crore.

Technology Sector Results

OnMobile Global Limited presented its consolidated financial performance with total income from operations of ₹1,456.97 million for Q3 FY26. The technology company's quarterly performance showed:

The company's standalone operations generated total income of ₹461.04 million with net profit after tax of ₹27.15 million for the quarter. Nine months consolidated results showed total income of ₹4,312.58 million and net profit after tax of ₹250.48 million.

Financial Services Performance

Finkurve Financial Services Limited demonstrated strong growth in its quarterly results with total income from operations reaching ₹5,247.06 lakhs. The financial services company's performance highlights include:

For the nine months period, the company achieved total income of ₹14,064.90 lakhs with net profit after tax of ₹1,799.33 lakhs, showing significant year-over-year growth.

Hospitality Sector Updates

Sayaji Hotels (Pune) Limited reported standalone total income from operations of ₹2,198.18 lakhs for the quarter with net profit after tax of ₹575.03 lakhs. The company's earnings per share stood at ₹18.87 for the quarter. Lemon Tree Hotels Limited also published its financial results, with detailed information available through QR codes and company websites.

Infrastructure Sector

Kalpataru Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company's Board of Directors approved these results at their meeting held on February 06, 2026.

Regulatory Compliance

All companies published their results in compliance with Regulation 47 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The publications included QR codes providing direct access to complete financial statements on company websites and stock exchange portals. The results are also available on NSE ( www.nseindia.com ) and BSE ( www.bseindia.com ) websites for investor access and transparency.