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PROJECTS INTERNATIONAL LIMITED2025-04-012026-03-31Yearly2026-03-31EquitytruetruefalseNot Applicable for this quarter.truetruetruetrueTop 500 listed entitiestruek00024OriginaltruefalseMrMofatraj 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 Applicable1953-06-01falseActiveNA2024-04-012024-04-01242244MrBimal Manu Tanna******06767157Non-Executive - Independent DirectorNot Applicable1962-04-07falseActiveNA2024-04-012024-04-01245584MrShailendra Raj Mehta******02132246Non-Executive - Independent DirectorNot Applicable1959-07-09falseActiveNA2021-08-032021-08-03551100MrManish 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 Applicable1963-09-20falseActiveNA2025-05-192025-05-1910.131142truetruetruetruetrueAudit 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 a 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 DirectorMember2014-05-292025-10-31true8842025-12-0534true8632026-01-1944true8842026-02-0415true8842026-03-3154true884Audit Committee2025-10-08true4430Audit Committee2025-10-3122true4430Audit Committee2026-01-1979true4430Audit Committee2026-02-0415true4430Nomination and remuneration committee2025-10-31true3320Corporate Social Responsibility Committee2025-10-31true4410Corporate Social Responsibility Committee2026-02-0495true4410Risk Management Committee2026-01-19true4423truetruetruetrueYestruetruetrueShweta GirotraCompany Secretary and Compliance OfficerYeshttps://kalpataruprojects.com/business-landing.htmlYeshttps://kalpataruprojects.com/api/view-file/Memorandum&ArticlesofAssociation.pdfYeshttps://kalpataruprojects.com/board_of_directors.htmlYeshttps://kalpataruprojects.com/api/view-file/Terms%20and%20conditions%20for%20Appointment%20of%20ID%20(1).pdfYeshttps://kalpataruprojects.com/api/view-file/Composition-of-various-committees-of-Board-2021.pdfYeshttps://kalpataruprojects.com/api/view-file/Code-of-Conduct-August.pdfYeshttps://kalpataruprojects.com/api/view-file/Whistle-Blower-Policy-November-2021.pdfYeshttps://kalpataruprojects.com/api/view-file/Policy-on-Remuneration-for-Directors-KMPs-and-Other-Employees.pdfYeshttps://kalpataruprojects.com/api/view-file/RPT-Policy_Amendment-01042022_Final.pdfYeshttps://kalpataruprojects.com/api/view-file/Policy-for-Material-Subsidiary-April.pdfYeshttps://kalpataruprojects.com/investors/investor-information/investor-informationYeshttps://kalpataruprojects.com/investors/shareholder-services/contact-details-for-investor-grievancesYeshttps://kalpataruprojects.com/investors/shareholder-services/contact-details-for-investor-grievancesYeshttps://kalpataruprojects.com/investors/financials/quarterly-result/resultsYeshttps://kalpataruprojects.com/investors/corporate-governance/shareholding-patternNAYeshttps://kalpataruprojects.com/investors/investor-information/communications/schedule-of-analyst-or-institutional-investors-meet 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GirotraCompany Secretary and Compliance OfficerYesShweta GirotraCompany Secretary and Compliance OfficerfalseShweta GirotraCompany Secretary and Compliance OfficerMumbai2026-04-2803300Ministry of Transport & Civil AviationImposition of penalty of MVR 6000 (~ INR 0.37 lakh) by the authority on account of delay in payment of annual vehicle fees by the branch office of the Company in Maldives.2026-01-08Covered 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.GST AuthorityPursuant to the order received on 16th January, 2026, the Authority had detained the vehicle carrying goods returning to vendor alleging e-way bill is expired. The authority has demanded penalty of INR 2.51 lakhs which was paid and goods along with vehicle were released.2026-01-16Covered 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.Inland Revenue Division, DominicaThe Authority has imposed a penalty of XCD 330 (~INR 11,400) on the ground of delayed disclosure and payment under the VAT law.2026-01-22Covered 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 AuthorityPursuant to the order received on 27th January, 2026, the Authority had detained the vehicle carrying goods to project site alleging discrepancy in e-way bill.  The authority had demanded penalty of INR 1.02 lakhs which was paid and goods along with vehicle were released. The Company will prefer an appeal before the Appellate Authority against the said order within prescribed timelines.2026-01-27Covered 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 Company has paid penalty of INR 0.18 lakhs pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) for the financial year 2020-21 on the ground of ineligible ITC availed.2026-01-30Covered 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.GST AuthorityThe Company has paid penalty of INR 0.23 lakhs pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) for the financial year 2021-22 on the ground of ineligible ITC availed.2026-02-02Covered 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 Company has paid penalty of INR 0.51 lakhs pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) for the financial year 2022-23 on the ground of ineligible ITC availed.2026-02-02Covered 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 500 by the authority on account of  delay in payment of Motor Vehicle Tax. 2026-02-02Covered 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 Transport & Civil AviationImposition of penalty of MVR 750 (~ INR 0.04 lakh) by the authority on account of delay in payment of annual vehicle fees by the branch office of the Company in Maldives.2026-02-08Covered 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.Ministry of Transport & Civil AviationImposition of penalty of MVR 1500 (~ INR 0.09 lakh) by the authority on account of delay in payment of annual vehicle fees by the branch office of the Company in Maldives.2026-02-10Covered 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 earlier penalty pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) of INR 0.32 lakhs levied by GST Authority on 30th August, 2024 for which the Company had filed a waiver application has been allowed by the Authority.2026-02-11Covered 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 Company has paid penalty of INR 1.98 lakhs for the financial year 2019-20 to 2021-22 on the ground of ineligible availment of Input Tax Credit. 2026-02-23Covered 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 Uttar PradeshImposition of penalty of INR 0.13 lakhs by the authority on account of  delay in payment of Motor Vehicle Tax. 2026-02-23Covered under point Nature and details of the action(s) taken or order(s) passedThe 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 Appellate AuthorityThe earlier penalty pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) of INR 0.46 lakhs levied by GST Authority on 26th April, 2024 has been disposed off in favor of the Company.2026-03-06Covered 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 RajasthanImposition of penalty of INR 1.04 lakh by the authority on account of  delay in payment of Motor Vehicle Tax. 2026-03-12Covered under point Nature and details of the action(s) taken or order(s) passedThe 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 0.15 lakh by the authority on account of  delay in payment of Motor Vehicle Tax. 2026-03-17Covered 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 RajasthanImposition of penalty of INR 0.49 lakh by the authority on account of  delay in payment of Motor Vehicle Tax. 2026-03-17Covered 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.GST Appellate AuthorityThe earlier penalty of INR 5.60 lakhs imposed by the GST Authority on 20th August, 2025, and reported under Integrated Governance, has been disposed of in favour of the Company.2026-03-18Covered 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. Since the penalty has been waived, there is no impact on the Company.Transport Department, Government of KarnatakaImposition of penalty of INR 4.87 lakhs by the authority on account of  delay in payment of Motor Vehicle Tax. 2026-03-24Covered 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.Forest AuthorityImposition of fine of INR 2.65 lakh by the authority on account of machinery movement.2026-03-25Covered 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. (The initial disclosed amount of Rs. 80.70 crores bifurcated into 2 parts, this disclosure includes an amount of Rs. 41.98 crores).The Company has received order of Hon'ble Commissioner of Income-Tax appeal CIT(A) and as a result tax demand for the respective years including AY 2018-19 has been deleted and the Company is eligible for Tax Refund.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. (The initial disclosed amount of Rs. 80.70 crores bifurcated into 2 parts, this disclosure includes an amount of Rs. 38.72 crores).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 filed by the Company was listed before the relevant Hon'ble High Court. The Hon'ble Bench was pleased to quash the impugned order and remanded the matter back to the Revisional Authority with a direction to pass a fresh order after duly considering the Company's submissions and documents. Following the court's direction, the department issued a fresh notice, received by the Company on 28th November, 2025. The notice required the submission of specific documents and records, which have already been submitted by the Company. The matter is pending before the Revisional Authority for passing necessary order in the matter.Income Tax Authority (Assessment Year: 2013-14 to 2020-21 and 2021-22)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.The Hon’ble Income Tax Appellant Tribunal (“ITAT”), has issued an Order under section 254 of the Income Tax Act, 1961 for the Assessment Year (AY) 2018-19, 2019-20, and 2020-21 and has deleted the disallowances upheld by Hon’ble Commissioner of Income Tax (Appeals) (“CIT(A)”). Pursuant to the said order, the tax demand in respect of the said disallowances will be deleted.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 Hon'ble ITAT in respect of certain disallowances which were upheld by Hon'ble CIT(A).Income Tax Authority (Assessment Year: 2023-24)2026-02-27The Company has received an Assessment Order passed under Section 143(3) of the Income Tax Act, 1961 (the “Act”), from the Income Tax Department, wherein the Assessing Officer has made certain additions / disallowances, while passing the order of assessment for A.Y. 2023-24 and initiated penalty proceedings thereunder. The authority under the said Order has raised tax demand of INR 1.80 Crores including interest of INR 17.07 lakhs. The Company has a strong case to defend the matter before the appellate authorities and will file an appeal against the said Order within prescribed timelines. The same does not have any significant impact on the Company.Aggrieved by the said order, the Company has filed an appeal before Hon'ble Commissioner of Income-tax Appeal. Additionally, the Company observed certain mistakes apparent from records and hence, filed a rectification application for short granting of TDS credits. Pursuant to the same, the Company received rectified order wherein the credit of taxes paid was allowed, resulting into refund.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 PATODIACFOMumbai2026-04-28