5222872025-07-012025-09-305222872025-09-305222872025-07-012025-09-30CompositionOfBoardOfDirectors15222872025-09-30CompositionOfBoardOfDirectors15222872025-07-012025-09-30CompositionOfBoardOfDirectors25222872025-09-30CompositionOfBoardOfDirectors25222872025-07-012025-09-30CompositionOfBoardOfDirectors35222872025-09-30CompositionOfBoardOfDirectors35222872025-07-012025-09-30CompositionOfBoardOfDirectors45222872025-09-30CompositionOfBoardOfDirectors45222872025-07-012025-09-30CompositionOfBoardOfDirectors55222872025-09-30CompositionOfBoardOfDirectors55222872025-07-012025-09-30CompositionOfBoardOfDirectors65222872025-09-30CompositionOfBoardOfDirectors65222872025-07-012025-09-30CompositionOfBoardOfDirectors75222872025-09-30CompositionOfBoardOfDirectors75222872025-07-012025-09-30CompositionOfBoardOfDirectors85222872025-09-30CompositionOfBoardOfDirectors85222872025-07-012025-09-30CompositionOfCommittees145222872025-09-30CompositionOfCommittees145222872025-07-012025-09-30CompositionOfCommittees155222872025-09-30CompositionOfCommittees155222872025-07-012025-09-30CompositionOfCommittees165222872025-09-30CompositionOfCommittees165222872025-07-012025-09-30CompositionOfCommittees175222872025-09-30CompositionOfCommittees175222872025-07-012025-09-30CompositionOfCommittees415222872025-09-30CompositionOfCommittees415222872025-07-012025-09-30CompositionOfCommittees425222872025-09-30CompositionOfCommittees425222872025-07-012025-09-30CompositionOfCommittees435222872025-09-30CompositionOfCommittees435222872025-07-012025-09-30CompositionOfCommittees685222872025-09-30CompositionOfCommittees685222872025-07-012025-09-30CompositionOfCommittees695222872025-09-30CompositionOfCommittees695222872025-07-012025-09-30CompositionOfCommittees705222872025-09-30CompositionOfCommittees705222872025-07-012025-09-30CompositionOfCommittees955222872025-09-30CompositionOfCommittees955222872025-07-012025-09-30CompositionOfCommittees965222872025-09-30CompositionOfCommittees965222872025-07-012025-09-30CompositionOfCommittees975222872025-09-30CompositionOfCommittees975222872025-07-012025-09-30CompositionOfCommittees985222872025-09-30CompositionOfCommittees985222872025-07-012025-09-30CompositionOfCommittees995222872025-09-30CompositionOfCommittees995222872025-07-012025-09-30CompositionOfCommittees1005222872025-09-30CompositionOfCommittees1005222872025-07-012025-09-30CompositionOfCommittees1015222872025-09-30CompositionOfCommittees1015222872025-07-012025-09-30CompositionOfCommittees1225222872025-09-30CompositionOfCommittees1225222872025-07-012025-09-30CompositionOfCommittees1235222872025-09-30CompositionOfCommittees1235222872025-07-012025-09-30CompositionOfCommittees1245222872025-09-30CompositionOfCommittees1245222872025-07-012025-09-30CompositionOfCommittees1255222872025-09-30CompositionOfCommittees1255222872025-09-30MeetingOfBoardOfDirectors15222872025-07-012025-09-30MeetingOfBoardOfDirectors15222872025-09-30MeetingOfBoardOfDirectors25222872025-07-012025-09-30MeetingOfBoardOfDirectors25222872025-07-012025-09-30MeetingOfCommittees15222872025-09-30MeetingOfCommittees15222872025-07-012025-09-30MeetingOfCommittees25222872025-09-30MeetingOfCommittees25222872025-07-012025-09-30MeetingOfCommittees35222872025-09-30MeetingOfCommittees35222872025-07-012025-09-30MeetingOfCommittees45222872025-09-30MeetingOfCommittees45222872025-07-012025-09-30MeetingOfCommittees55222872025-09-30MeetingOfCommittees55222872025-07-012025-09-30MeetingOfCommittees65222872025-09-30MeetingOfCommittees65222872025-07-012025-09-30MeetingOfCommittees75222872025-09-30MeetingOfCommittees75222872025-07-012025-09-30MeetingOfCommittees85222872025-09-30MeetingOfCommittees85222872025-07-012025-09-30MeetingOfCommittees95222872025-09-30MeetingOfCommittees95222872025-06-305222872025-09-30ImpositionOfFineOrPenaltyDomain15222872025-09-30ImpositionOfFineOrPenaltyDomain25222872025-09-30ImpositionOfFineOrPenaltyDomain35222872025-09-30ImpositionOfFineOrPenaltyDomain45222872025-09-30ImpositionOfFineOrPenaltyDomain55222872025-09-30ImpositionOfFineOrPenaltyDomain65222872025-09-30ImpositionOfFineOrPenaltyDomain75222872025-09-30ImpositionOfFineOrPenaltyDomain85222872025-09-30ImpositionOfFineOrPenaltyDomain95222872025-09-30ImpositionOfFineOrPenaltyDomain105222872025-09-30ImpositionOfFineOrPenaltyDomain115222872025-09-30ImpositionOfFineOrPenaltyDomain125222872025-09-30ImpositionOfFineOrPenaltyDomain135222872025-09-30ImpositionOfFineOrPenaltyDomain145222872025-09-30ImpositionOfFineOrPenaltyDomain155222872025-09-30ImpositionOfFineOrPenaltyDomain165222872025-09-30ImpositionOfFineOrPenaltyDomain175222872025-09-30ImpositionOfFineOrPenaltyDomain185222872025-09-30ImpositionOfFineOrPenaltyDomain195222872025-09-30ImpositionOfFineOrPenaltyDomain205222872025-09-30ImpositionOfFineOrPenaltyDomain215222872025-09-30ImpositionOfFineOrPenaltyDomain225222872025-09-30ImpositionOfFineOrPenaltyDomain235222872025-09-30ImpositionOfFineOrPenaltyDomain245222872025-09-30ImpositionOfFineOrPenaltyDomain255222872025-09-30ImpositionOfFineOrPenaltyDomain265222872025-09-30ImpositionOfFineOrPenaltyDomain275222872025-09-30ImpositionOfFineOrPenaltyDomain285222872025-09-30ImpositionOfFineOrPenaltyDomain295222872025-09-30ImpositionOfFineOrPenaltyDomain305222872025-09-30ImpositionOfFineOrPenaltyDomain315222872025-09-30ImpositionOfFineOrPenaltyDomain325222872025-09-30ImpositionOfFineOrPenaltyDomain335222872025-09-30ImpositionOfFineOrPenaltyDomain345222872025-09-30ImpositionOfFineOrPenaltyDomain355222872025-09-30ImpositionOfFineOrPenaltyDomain365222872025-09-30ImpositionOfFineOrPenaltyDomain375222872025-09-30ImpositionOfFineOrPenaltyDomain385222872025-09-30ImpositionOfFineOrPenaltyDomain395222872025-09-30ImpositionOfFineOrPenaltyDomain405222872025-09-30OngoingTaxLitigationsOrDisputesDomain15222872025-09-30OngoingTaxLitigationsOrDisputesDomain25222872025-09-30OngoingTaxLitigationsOrDisputesDomain35222872025-09-30OngoingTaxLitigationsOrDisputesDomain45222872025-09-30OngoingTaxLitigationsOrDisputesDomain55222872025-09-30OngoingTaxLitigationsOrDisputesDomain6iso4217:INRxbrli:pure522287KPILNOTLISTEDINE220B01022KALPATARU PROJECTS INTERNATIONAL LIMITED2025-04-012026-03-31Half Yearly2025-09-30EquitytruetruefalseNot Applicable for this quarter.truetruetruetrueTop 500 listed entitiestruek00024OriginalThe Board of Directors had appointed Ms. Raksha Shashikant Kothari (DIN: 02184815) as an Additional Director designated as an Indpendent Director for a period of 5 years with effect from 19th May, 2025, subject to the approval of shareholders of the Company. The shareholders at their 44th Annual General Meeting held on 10th July, 2025 have approved the said appointment.truefalseMrMofatraj Pukhraj Munot******00046905Non-Executive - Non Independent DirectorChairperson related to Promoter1944-10-04falseActiveYes2022-05-022022-05-022021MrParag Mofatraj Munot******00136337Non-Executive - Non Independent DirectorNot Applicable1969-06-02falseActiveNA1991-09-302020MrDhananjay Mungale******00007563Non-Executive - Independent DirectorNot Applicable1953-06-01falseActiveNA2024-04-012024-04-01182244MrBimal Manu Tanna******06767157Non-Executive - Independent DirectorNot Applicable1962-04-07falseActiveNA2024-04-012024-04-01185584MrShailendra Raj Mehta******02132246Non-Executive - Independent DirectorNot Applicable1959-07-09falseActiveNA2021-08-032021-08-03491100MrManish Dashrathmal Mohnot******01229696Executive DirectorNot ApplicableCEO-MD1972-05-15falseActiveNA2006-11-011010MrShailendra Kumar Tripathi******03156123Executive DirectorNot ApplicableMD1964-05-02falseActiveNA2023-01-041000MsRaksha Shashikant Kothari******02184815Non-Executive - Independent DirectorNot Applicable1963-09-20falseActiveNA2025-05-192025-05-194.131121truetruetruetruetrueAudit Committee00007563Dhananjay MungaleNon-Executive - Independent DirectorChairperson2024-04-01Audit Committee00046905Mofatraj Pukhraj MunotNon-Executive - Non Independent DirectorMember2022-05-14Audit Committee06767157Bimal Manu TannaNon-Executive - Independent DirectorMember2024-04-01Audit Committee02184815Raksha Shashikant KothariNon-Executive - Independent DirectorMember2025-05-19Nomination and remuneration committee00007563Dhananjay MungaleNon-Executive - Independent DirectorChairperson2024-04-01Nomination and remuneration committee06767157Bimal Manu TannaNon-Executive - Independent DirectorMember2025-05-19Nomination and remuneration committee00136337Parag Mofatraj MunotNon-Executive - Non Independent DirectorMember2022-04-01Stakeholders Relationship Committee02184815Raksha Shashikant KothariNon-Executive - Independent DirectorChairperson2025-05-19Stakeholders Relationship Committee01229696Manish Dashrathmal MohnotExecutive DirectorMember2014-05-29Stakeholders Relationship Committee00136337Parag Mofatraj MunotNon-Executive - Non Independent DirectorMember2015-05-30Risk Management Committee06767157Bimal Manu TannaNon-Executive - Independent DirectorChairperson2024-04-01Risk Management Committee02132246Shailendra Raj MehtaNon-Executive - Independent DirectorMember2024-03-29Risk Management Committee01229696Manish Dashrathmal MohnotExecutive DirectorMember2019-02-01Risk Management Committee03156123Shailendra Kumar TripathiExecutive DirectorMember2023-05-08Risk Management Committee99999999Sanjay Shivratan DalmiaExecutive Director (Non-board position)Member2024-03-29Mr. Sanjay Shivratan Dalmia is not a Director of the Company but is acting as member of the Committee in his capacity as Executive Director (non-board position) of the Company.Risk Management Committee99999999Amit UplenchwarDirector - Strategy Business GroupMember2023-05-08Mr. Amit Uplenchwar is not a Director of the Company but is acting as member of the Committee in his capacity as Director - Strategy Business Group of the Company.Risk Management Committee99999999Ram PatodiaChief Financial OfficerMember2019-02-01Mr. Ram Patodia is not Director of the Company but acting as member of the Committee in his capacity as Chief Financial Officer of the Company.Corporate Social Responsibility Committee02132246Shailendra Raj MehtaNon-Executive - Independent DirectorChairperson2024-04-01Corporate Social Responsibility Committee00046905Mofatraj Pukhraj MunotNon-Executive - Non Independent DirectorMember2022-05-14Corporate Social Responsibility Committee00136337Parag Mofatraj MunotNon-Executive - Non Independent DirectorMember2015-05-30Corporate Social Responsibility Committee01229696Manish Dashrathmal MohnotExecutive DirectorMember2014-05-292025-05-16true8842025-08-0782true884Audit Committee2025-05-16true4430Audit Committee2025-06-1731true4430Audit Committee2025-08-0750true4430Nomination and remuneration committee2025-05-16true3320Nomination and remuneration committee2025-08-0782true3320Corporate Social Responsibility Committee2025-05-16true4410Corporate Social Responsibility Committee2025-08-07true4410Stakeholders Relationship Committee2025-08-07true3310Risk Management Committee2025-09-0932true4422truetruetruetrueYestruetruetrueShweta GirotraCompany Secretary and Compliance OfficerYesYesYesYesYesYesYesYesShweta GirotraCompany Secretary and Compliance OfficerfalseShweta GirotraCompany Secretary and Compliance OfficerMumbai2025-10-2901100GST AuthorityThe authority had detained the vehicle carrying certain goods to the project site arbitrarily alleging discrepancy in documents. The goods were accompanied with all valid necessary documents. The authority vide order of detention had demanded to pay penalty of INR 2.79 lakhs. The amount of penalty has been paid through electronic cash ledger. The goods and vehicle have been released, the Company will file an appeal before appellate authority for refund.2025-07-03Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of GujaratImposition of penalty of INR 0.08 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-04Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of RajasthanImposition of penalty of INR 0.02 lakh by the authority on account of violation of traffic rules.2025-07-07Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of Madhya PradeshImposition of penalty of INR 823 by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-09Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of MaharashtraImposition of penalty of INR 0.08 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-10Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of TelanganaImposition of penalty of INR 135 by the authority on account of violation of Traffic rules.2025-07-10Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of Madhya PradeshImposition of penalty of INR 934 by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-12Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of ChhattisgarhImposition of penalty of INR 0.14 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-14Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of Uttar PradeshImposition of penalty of INR 0.03 lakh by the authority on account of violation of Traffic rules.2025-07-17Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of MaharashtraImposition of penalty of INR 0.15 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-23Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of MaharashtraImposition of penalty of INR 0.09 lakh by the authority on account of violation of traffic rules.2025-07-26Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of GujaratImposition of penalty of INR 0.04 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-28Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of MaharashtraImposition of penalty of INR 0.04 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-28Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of GujaratImposition of penalty of INR 960 by the authority on account of delay in payment of Motor Vehicle Tax.2025-07-29Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe authority vide its order, which was received on 25th August, 2024 had demanded tax along with interest and penalty pertaining to a consortium wherein the Company is a member for the period F.Y. 2019-20 on grounds of excess claim of Input Tax Credit and had demanded to pay penalty of INR 6.69 lakhs. The Company had filed SPL-02 for waiver of penalty of INR 6.69 lakhs, which has been allowed by the authority. 2025-08-01Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. Since the penalty has been waived, there is no impact on the Company.GST AuthorityThe authority vide its order, received by the Company on 09th March, 2024 had demanded tax along with interest and penalty for the period F.Y. 2018-19 on grounds of alleged excess claim of ITC, mismatch in ITC availed in GSTR-3B and ITC available in GSTR-2A. The authority had demanded to pay penalty of INR 0.88 lakhs. The Company had filed SPL-02 for waiver of penalty of INR 0.88 lakhs, which has been allowed by the authority.2025-08-04Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. Since the penalty has been waived, there is no impact on the Company.Transport Department, Government of GujaratImposition of penalty of INR 0.03 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-08-07Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Sub-Divisional Magistrate, Uttar PradeshThe authority had seized certain vehicles of the Company from its project site on account of project site related activities. The Company has paid fine of INR 2.75 lakhs for the release of said vehicles.2025-08-08Covered under point Nature and details of the action(s) taken or order(s) passed.The fine paid is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe authority had detained the vehicle carrying certain goods to the project site arbitrarily alleging discrepancy in documents. The goods were accompanied with all valid necessary documents. The authority vide order of detention had demanded to pay penalty of INR 2.51 lakhs. The amount of penalty has been paid through electronic cash ledger. The goods and vehicle have been released, the Company will file an appeal before appellate authority for refund.2025-08-09Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of KarnatakaImposition of penalty of INR 0.34 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-08-14Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of West BengalImposition of penalty of INR 0.09 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-08-16Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of Uttar PradeshImposition of penalty of INR 0.08 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-08-19Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe authority had detained the vehicle carrying certain goods to the project site arbitrarily alleging discrepancy in documents. The goods were accompanied with all valid necessary documents. The authority vide order of detention had demanded to pay penalty of INR 5.60 lakhs. The amount of penalty has been paid through electronic cash ledger. The goods and vehicle have been released, the Company will file an appeal before appellate authority for refund.2025-08-20Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Department of Retirement and Social Security for WorkersThe branch office of the Company situated in Iraq received a Notice from the authority imposing fine for delay in social security payment for the period December 01, 2023 to December 31, 2024. The authority vide such notice demanded to pay fine of IQD 4,977,633 (~INR 3.32 lakhs). The said fine has been paid by the branch.2025-08-21Covered under point Nature and details of the action(s) taken or order(s) passed.The fine levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe authority had demanded tax along with interest and penalty for the financial year 2020-21 on the ground of ineligible ITC claim. The Authority under the said Order demanded to pay penalty of INR 0.40 lakhs. Further, the Company will prefer an appeal before the Appellate Authority against the said Order within prescribed timelines.2025-08-29Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of KarnatakaImposition of penalty of INR 0.16 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-09-01Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of TamilnaduImposition of penalty of INR 0.11 lakhs by the authority on account of delay in payment of Motor Vehicle Tax.2025-09-01Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe authority vide its order, received by the Company on 05th December, 2024 had demanded tax along with interest and penalty pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) for the financial year 2017-18 on grounds of reversal of TRAN-1 credit under wrong head of tax. The authority under the said Order had demanded penalty of INR 3.25 lakhs. The Company had filed SPL-02 for waiver of penalty of INR 3.25 lakhs, which has been allowed by the authority.2025-09-01Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. Since the penalty has been waived, there is no impact on the Company.GST AuthorityThe authority had detained the vehicle carrying certain goods to the project site arbitrarily alleging discrepancy in documents. The goods were accompanied with all valid necessary documents. The authority vide order of detention had demanded to pay penalty of INR 0.76 lakhs. The amount of penalty has been paid through electronic cash ledger. The goods and vehicle have been released, the Company will file an appeal before appellate authority for refund.2025-09-03Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of KarnatakaImposition of penalty of INR 0.14 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-09-05Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of OdishaImposition of penalty of INR 0.01 lakh by the authority on account of violation of Traffic rules.2025-09-05Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of MaharashtraImposition of penalty of INR 522 by the authority on account of delay in payment of Motor Vehicle Tax.2025-09-08Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of Uttar PradeshImposition of penalty of INR 0.05 lakh by the authority on account of delay in payment of Motor Vehicle Tax.2025-09-10Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.GST AuthorityThe authority had demanded tax along with interest and penalty for the financial year 2018-19 on the ground of ineligible ITC claim. The Authority under the said Order had demanded to pay penalty of INR 1.02 lakhs. Further, the Company will prefer an appeal before the Appellate Authority against the said Order within prescribed timelines.2025-09-15Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Ministry of Finance, KuwaitThe branch office of the Company situated in Kuwait has received tax assessment order with demand of tax and penalty thereon due to wrongful addition of offshore supply revenue and disallowance of certain expenses incurred by Kuwait branch for financial year 2019-20 to financial year 2021-22. Inspite of submission of relevant supporting documents, the authority vide its order demanded to pay penalty of KD 588 (~INR 1.70 lakhs). The branch intends to exercise the right to file objections against this tax assessment order within prescribed timelines.2025-09-16Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of MaharashtraImposition of penalty of INR 723 by the authority on account of delay in payment of Motor Vehicle Tax.2025-09-18Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of OdishaImposition of penalty of INR 0.01 lakh by the authority on account of violation of Traffic rules.2025-09-24Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of OdishaImposition of penalty of INR 0.1 lakh by the authority on account of violation of Traffic rules.2025-09-26Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of OdishaImposition of penalty of INR 0.02 lakh by the authority on account of violation of Traffic rules.2025-09-29Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Transport Department, Government of OdishaImposition of penalty of INR 0.14 lakh by the authority on account of violation of traffic rules.2025-09-30Covered under point Nature and details of the action(s) taken or order(s) passed.The penalty levied is covered under point Nature and details of the action(s) taken or order(s) passed. The same does not have any significant impact on the Company.Income Tax authority (Assessment Year: 2021-22)2024-10-24The Income Tax authority vide an Assessment Order under the provisions of Section 143(3) r.w.s 144C(13) of the Income Tax Act, 1961 (the "Act") had demanded tax and interest (u/s 156 of the Act) for the A.Y. 2021-22 on the grounds of classification of carbon credit as revenue receipt as against capital receipt, disallowances of certain expenses, transfer pricing adjustment(s). Further, the authorities had not granted credit of taxes paid on buy back of shares (which the Company had already paid as and when due) and had not allowed deduction of claim of dividend u/s 80M which are mistake apparent from records. The authority under the said Order had raised tax demand of INR 64.07 Crores along with interest of INR 9.84 Crores.The Company had filed a rectification application before the authorities to rectify the mistake apparent from records. The Income Tax Authority issued a rectification order on January 13, 2025, granting the relief requested in the application. However, the authority made the same errors when applying the relief in computing the demand. Consequently, the Company filed another rectification application on January 28, 2025 and the same is pending for disposal as on date. The Company had also filed an appeal before Hon'ble Income Tax Appellate Tribunal. The same is pending for hearing.Income Tax authority (Assessment Year: 2018-19)2021-10-13Various appeals filed or under process of filing, by the Company, for various assessment year(s), due to disallowance u/s. 80-IA, 14(A), disallowance of various expenses, erroneous estimation of net profit under Block assessment, other disallowances, addition of income, Treating of carbon credit as revenue receipt etc. Total consolidated amount for various assessment years involved in the pending material litigations was ~ INR 80.70 Crores as per the disclosure dated 29th September, 2023 filed by the Company with the stock exchanges.For the Assessment Year 2018-19, the Company had filed detailed written submission. A Hearing was done before CIT(A) and the Company is awaiting Order.Income Tax authority (Assessment Year: 2018-19)2022-11-21Various appeals filed or under process of filing, by the Company, for various assessment year(s), due to disallowance u/s. 80-IA, 14(A), disallowance of various expenses, erroneous estimation of net profit under Block assessment, other disallowances, addition of income, Treating of carbon credit as revenue receipt etc. Total consolidated amount for various assessment years involved in the pending material litigations was ~ INR 80.70 Crores as per the disclosure dated 29th September, 2023 filed by the Company with the stock exchanges.For the Assessment Year 2018-19, the consortium in which the Company is a member has filed written submission before CIT(A) and is awaiting notice of hearing.VAT Authority (Assessment for the period June 2014 to June 2017)2023-06-27Various appeals filed or under process of filing, by the Company under VAT, CST, Entry Tax - Due to disallowance of Input Tax Credit (on account of disallowance of labour & like charges, alleged non-submission of requisite forms etc.), Works contract Tax credit, enhancing taxable turnover, reduction in refund, levy of Entry Tax etc. Total consolidated amount for various assessment years involved in the pending material litigations was ~ INR 142.86 Crores as per the disclosure dated 29th September, 2023 filed by the Company with the stock exchanges.For the assessment period June 2014 to June 2017, the writ petition was withdrawn from the Hon'ble High Court by the Company, for adjudicating the matter with relevant VAT authority. The Company had received an Order from the said VAT Authority with a demand of INR 26.62 Crores. A writ petition was filed with the relevant Hon'ble High Court against the said demand order of Rs. 26.62 Crores and the matter is under hearing.Income Tax Authority (Assessment Year: 2013-14 to 2020-21)2025-03-31The Deputy Commissioner of Income Tax, Central Circle- 3(3), Mumbai ("DCIT") has reassessed the income pursuant to the search conducted in August, 2023 and has passed the re-assessment orders for eight years i.e. from AY 2013-14 to AY 2020-21 as per the applicable provisions of the Income Tax Act, 1961 (the "Act"). The DCIT vide its orders of reassessment, raised demand of tax and interest u/s 156 of the Act for eight years i.e. from A.Y. 2013-14 to 2020-21, by making certain additions / disallowances and initiated penalty proceedings. The aggregate impact of demand / reduced refund for the A.Y. 2013-14 to A.Y. 2020-21 (except for A.Y. 2016-17) is INR 141.31 Crores. Based on the external legal advisers' view and its own assessment, the Company is of the view that it has strong case (including favorable precedents in its own case in respect of certain addition(s)) to defend the matters before the appellate authorities. Accordingly, the Company will contest the same and shall take appropriate legal remedies against the said orders. Therefore, the said orders does not have significant financial implications on the Company. The Company will file appeal against the said Orders within prescribed timelines. Further, prima facie there are certain mistakes apparent from the records, in aforesaid demand computed by the tax authorities, for which the Company is in the process of filing rectification application(s). Apart from the above, for A.Y. 2016-17, while there are no additions made to the total income of the Company, the tax authorities have erroneously raised a demand of INR 95.83 crores, apparently due to certain system issues. The Company has already filed an application for rectification of the same, which will nullify the said demand for AY 2016-17. 1.) The Company received a rectification order on September 10, 2025 for the AY 2020-21, wherein mistakes rectified and demand reduced from Rs. 38.51 crores to Rs. 25.38 crores. 2.) The Hon'ble Commissioner of Income Tax (Appeals) has passed orders u/s 250 of the Income Tax Act, 1961 (“Act”) for AY 2013-14 to AY 2015-16 and AY 2017-18 to AY 2020-21. Pursuant to the appeals filed against the re-assessment orders u/s 147, Hon'ble CIT(A) has passed order dated July 30, 2025 and July 31, 2025 giving major relief to the Company and deleting most of the disallowances. 3.) Pursuant to receipt of the order u/s 250 passed by CIT(A), the Company filed an application before the Assessing Officer for giving effect to the CIT(A) order. 4.) The Company has received order giving effect (OGE) to orders of CIT(A) for the AY 2013-14 to AY 2015-16, AY 2017-18 and AY 2019-20, resulting into income tax refund of Rs. 7.38 crores. Further, the balance years OGE i.e. AY 2018-19 and 2020-21 is yet to passed by the Assessing Officer. 5.) The Company has filed an appeal before Hon'ble Income Tax Appellate Tribunal (ITAT) against the issues which has not been accepted by Hon’ble CIT(A).Income Tax Authority (Assessment Year: 2022-23)2025-05-03The Deputy Commissioner of Income Tax, Central Circle- 3(3), Mumbai ("DCIT") vide its order of assessment has made certain addition/disallowance, and the resulting Tax demand, has been adjusted against the refund receivable by the Company and has also initiated penalty proceedings. The aggregate tax impact on account of additions / disallowances made is INR 1.71 Crores which has reduced tax refund of INR 1.71 Crores. However, since the grounds of addition/disallowance, have similar question of law and/or factual matrix, in resemblance with earlier order(s) and already disclosed to the stock exchanges, the aggregate / cumulative amount involved in all such matters cross the materiality threshold. The Company is of the view that it has strong case (including favorable precedents in its own case in respect of certain addition/(s)) to defend the matters before the appellate authorities. Accordingly, the Company will contest the same and shall take appropriate legal remedies against the said order. Therefore, the said orders does not have significant financial implications on the Company. The Company will file appeal against the said Order within prescribed timelines.The Company has filed an appeal before the Commissioner of Income Tax (Appeal), Mumbai.00000000Nil00Nil00Nil00Nil00Nil00Nil00Nil00Nil00All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.trueRAM PATODIACFOMUMBAI2025-10-29