Kalpataru Projects International’s Tunisia branch received a penalty and demand for additional social security contributions from CNSS, Tunisia, for July 2022–June 2025, due to fringe benefits and other expenses. The company will respond appropriately, but the impact on its finances is not material.
Kalpataru Projects International Ltd has disclosed that its branch office in Tunisia received an intimation on December 9, 2025, from the Caisse Nationale de Sécurité Sociale (CNSS), Tunisia. The authority has imposed a penalty of TND 134,446 (approximately INR 41.08 lakhs) and demanded additional social security contributions for the period from July 2022 to June 2025. The action relates to the inclusion of fringe benefits and certain other expenditures under CNSS regulations.
Notable Updates:
- The penalty and additional contribution are linked to the classification of fringe benefits and related expenses.
- The branch office will take appropriate steps to address the matter.
- The violation/contravention is as described in the CNSS order.
- The financial impact on Kalpataru Projects International is not significant.
Source: BSE CorporateAnnouncement, Kalpataru Projects International Ltd