Kalpataru Projects International Limited Faces Tax Demand in Eswatini for Branch Office
Kalpataru Projects International Limited (KPIL) has received a tax assessment order concerning its branch office located in the Kingdom of Eswatini. The company is facing a demand for tax and fines from the local revenue authority covering the financial years 2022-23 to 2024-25.The Eswatini Revenue Service (ERS) issued the order, demanding payment due to allegations involving the wrongful addition of offshore supply revenue and the disallowance of certain expenses incurred by the branch during the specified period. The company received intimation regarding the order on June 8, 2026.
KPIL stated that it intends to exercise its right to file objections against this tax assessment order within the prescribed timelines. While the demand includes a significant fine, the company noted that the levy does not have any significant impact on its operations or financial standing.
Key details regarding the tax assessment and demand are provided below:
| Particulars | Details |
|---|---|
| Authority Name | Eswatini Revenue Service (ERS) |
| Financial Years Covered | 2022-23 to 2024-25 |
| Nature of Action | Demand for tax and fine |
| Allegation Basis | Wrongful addition of offshore supply revenue and disallowance of expenses |
| Fine Amount Demanded | SZL 1,717,787 (approximately INR 99.12 lakhs) |
| Date of Order Receipt | June 8, 2026 |
The demand relates to a tax and fine order from the Eswatini Revenue Service. KPIL affirmed that it plans to file objections regarding the assessment in line with established timelines.
KPIL Stock Price Movement
Shares of Kalpataru Projects International Limited shed 1.96% in post-market trading today, settling at ₹1266.9. The stock recorded a traded volume of 110,550 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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