Kalpataru Projects International Limited (KPIL) has informed stock exchanges that its Kenyan branch office received an assessment notice from the Kenya Revenue Authority. The demand relates to alleged non-payment of Profit Repatriation Tax (PRT) for the financial year 2024, along with interest and penalty. The disclosure was made to both BSE and NSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The penalty levied under the notice amounts to KES 11,070,578, approximately Rs 0.81 crore. The PRT and interest components form part of the overall demand raised for the financial year 2024. The company received the communication on June 15, 2026, at 1:20 PM IST.
KPIL has stated that the Kenyan branch office intends to file objections against the assessment notice within the prescribed timelines. The company has clarified that the demand does not have any significant impact on its financial, operational, or other activities.
Kalpataru Projects International Limited is an infrastructure and engineering, procurement, and construction firm with a diversified portfolio spanning power transmission and distribution, buildings and factories, water supply and irrigation, railways, and oil and gas pipelines across domestic and international markets. The company is headquartered in Mumbai with its registered office in Gandhinagar, Gujarat.
KPIL operates across multiple countries including Kenya through its branch offices. The company's equity shares are listed on BSE under scrip code 522287 and on NSE under the symbol KPIL.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.