Kalpataru Properties Gets Rs 73.85 Crore GST Notice, Says No Material Impact Expected:

Kalpataru Properties Limited, a wholly owned subsidiary of Kalpataru Limited, has received a show-cause-cum-demand notice under GST for Rs 73.85 crore as GST dues for FY 2025-26 along with applicable interest and penalties. The notice was issued by the GST Department dated 15th October, 2026 pertaining to some construction services under Section 74A of the CGST Act, 2017 and the parallel provisions of the Maharashtra GST Act.

Kalpataru Properties Limited said it believes that the notice is not legally sustainable and will respond appropriately to the authorities. The company said it does not expect the notice to have any material financial impact on its operations.

Kalpataru Limited received a notice from its subsidiary on October 16, 2026 at 3:00 p.m. The company intimated the development to the National Stock Exchange (NSE) and BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.