Kalpataru Ltd has received a tax demand order worth ₹807.1 million, highlighting increased regulatory scrutiny. The infrastructure major, with operations in power transmission and civil projects, faces investor caution as it reviews the order. Analysts expect the company to pursue remedies while maintaining focus on its strong order pipeline.
Kalpataru Ltd, a leading infrastructure and engineering company, announced that it has received a tax demand order totaling ₹807.1 million. The development comes amid heightened regulatory oversight, with authorities tightening compliance checks across the corporate sector.
Key Highlights
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Tax Demand Size: The order amounts to ₹807.1 million, reflecting significant exposure to tax liabilities.
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Company Profile: Kalpataru Ltd operates across power transmission, civil infrastructure, and real estate, with a strong presence in India and overseas markets.
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Financial Impact: While the demand is sizeable, analysts note that Kalpataru’s robust order book and diversified portfolio may help cushion the impact.
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Regulatory Context: The notice underscores the government’s ongoing push for stricter tax enforcement and transparency, particularly in large infrastructure firms.
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Investor Sentiment: Shares of Kalpataru traded cautiously following the announcement, as investors weighed potential implications for earnings and compliance reputation.
The company is expected to review the demand and explore legal and regulatory remedies, signaling its intent to address the issue proactively.
Sources: Economic Times, Moneycontrol, Business Standard