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Company Filings, Explained Simply

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Kalpataru Ltd
Kalpataru Properties receives Rs. 73.85 Cr GST demand notice
REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 17 Oct 2026, 11:48 AM IST  ·  BSE ID: edfd4c36-c7a9-4434-bc9b-e0039c9e6c6d
View Original BSE Filing (PDF)
💡
In Simple Terms
Kalpataru's subsidiary received a large GST tax demand notice, which the subsidiary plans to dispute.
🤖 AI Summary
  • Kalpataru Properties Limited received a Rs. 73,85,00,312 GST demand notice.
  • The notice pertains to construction services for FY 2025-26.
  • KPL plans to contest the notice, deeming it not sustainable.
  • Kalpataru Ltd states no material financial impact on its operations.
🔢 Key Numbers — exact figures from BSE filing, not rounded
GST Demand Notice Amount
Rs. 73,85,00,312
🏢 How This Affects the Company
💰
Financial Impact
The company states the notice has no material financial impact on its operations. However, a contingent liability exists until the dispute is resolved.
⚠️
Risk Impact
This notice introduces a tax-related risk for the subsidiary, contingent on the outcome of its response and potential legal proceedings.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders. Monitor future disclosures regarding the resolution of this GST notice.
👤
Who Is Affected
All shareholders of Kalpataru Ltd, as the outcome of the GST dispute could potentially affect the subsidiary's financial standing.
🔍
Management Signal
Management is proactively contesting the notice, indicating a strategy to mitigate the financial exposure based on legal advice.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Subsidiary's formal reply to GST department filing.
Any communication from GST authorities on KPL's response.
Updated financial impact assessment if dispute escalates.
MEDIUM RISK Significant tax demand notice issued to a subsidiary poses a financial and legal risk.
💡 Investor Takeaway
Kalpataru Properties Ltd received a Rs. 73,85,00,312 GST demand notice for FY26, which the subsidiary plans to contest, and the parent company states it has no material financial impact.
⚖️ Strengths & Concerns

⚠️ Concerns

  • A GST demand notice of Rs. 73,85,00,312 has been issued to a wholly-owned subsidiary.
📅 Company Track Record
Kalpataru's subsidiary previously faced an MSEDCL assessment demand of Rs. 63.49 crore and an income tax demand of Rs. 9.20 crore.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the amount of the GST demand notice received by Kalpataru Properties?
Kalpataru Properties Limited received a Show Cause-Cum Demand Notice for Rs. 73,85,00,312.
For which financial year was the GST demand notice issued?
The GST demand notice was issued for the financial year 2025-26.
What is Kalpataru Ltd's assessment of the financial impact of this notice?
Kalpataru Ltd has stated that this notice does not have any material financial impact on the operations of the Company.
What is the subsidiary's plan regarding the GST demand notice?
The subsidiary, Kalpataru Properties Limited, is advised that the notice is not sustainable and it plans to reply appropriately.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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