Kalpataru Limited's Subsidiary AREPL Receives Rs 2.52 Crore GST Demand Order

Kalpataru Limited disclosed that subsidiary AREPL received GST order demanding Rs 2,51,86,746 plus interest and penalty for short reversal of input tax credit in FY 2019-20. The order from Joint Commissioner CGST Mumbai West was received March 30, 2026. AREPL plans to appeal and believes it has strong case. Company states no material financial impact expected.