Kalpataru Projects International Limited has disclosed the payment of a penalty fee of ₹20.67 lakhs to Gujarat Industrial Development Corporation, as per the regulatory filing made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The payment was initiated by the company on December 24, 2025, at approximately 02:46 p.m. IST.

Penalty Details

The penalty payment was made following advice from Gujarat Industrial Development Corporation and relates to administrative construction-related observations. The company has provided comprehensive details of the regulatory action in its disclosure to stock exchanges.

Nature of Action

As advised by the authority, the company paid the penalty fee towards approval of the updated building plan in relation to administrative construction-related observations. The payment represents a compliance measure to address regulatory requirements related to building plan approvals.

Impact Assessment

According to the company's disclosure, the penalty payment does not have any significant impact on Kalpataru Projects International's financial, operational, or other activities. The company has characterized the financial impact as non-material to its overall business operations.

Regulatory Compliance

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited, with the company trading under scrip codes 522287 and KPIL respectively. This transparency measure ensures compliance with stock exchange listing requirements and keeps investors informed about regulatory developments affecting the company.

Kalpataru Projects International has announced that its UAE branch has been subjected to a fine of AED 284,000 by UAE authorities. This regulatory penalty affects the company's operations in the United Arab Emirates, where it conducts infrastructure development activities.

Regulatory Penalty Details

The fine imposed on Kalpataru Projects International's UAE branch amounts to AED 284,000. The company has disclosed this regulatory action, which impacts its Middle East operations.

Impact on Operations

This penalty represents a compliance-related development for Kalpataru Projects International's international business operations. The fine specifically targets the company's UAE branch, which forms part of its broader Middle East presence in the infrastructure development sector.

The disclosure of this regulatory action demonstrates the company's commitment to transparency regarding material developments affecting its overseas operations. Such regulatory penalties may impact operational procedures and compliance frameworks for international branches of Indian infrastructure companies operating in the UAE market.