KPIL Pays ₹20.67 Lakhs Penalty for Building Plan Approval

Kalpataru Projects International Limited (KPIL) has disclosed the payment of a penalty fee amounting to ₹20.67 lakhs to the Gujarat Industrial Development Corporation (GIDC). This payment was made for...

Kalpataru Projects International Limited (KPIL) has disclosed the payment of a penalty fee amounting to ₹20.67 lakhs to the Gujarat Industrial Development Corporation (GIDC). This payment was made for the approval of an updated building plan, addressing administrative construction-related observations. The company initiated the payment on December 23rd, 2025, at approximately 02:46 p.m. IST. KPIL has stated that this penalty, while necessary for the building plan approval process, does not have a significant impact on the company's financial, operational, or other activities. This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Why is Kalpataru Projects International Limited in the news today?

Kalpataru Projects International Limited (KPIL) is in the news due to the company paid a penalty, which is a negative event, but it explicitly states that the penalty does not have a significant impact on its operations, neutralizing the sentiment.

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KPIL Pays ₹20.67 Lakhs Penalty for Building Plan Approval

December 24, 2025, 08:10 AM

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Kalpataru Projects International Limited (KPIL) has disclosed the payment of a penalty fee amounting to ₹20.67 lakhs to the Gujarat Industrial Development Corporation (GIDC). This payment was made for the approval of an updated building plan, addressing administrative construction-related observations.

The company initiated the payment on December 23rd, 2025, at approximately 02:46 p.m. IST. KPIL has stated that this penalty, while necessary for the building plan approval process, does not have a significant impact on the company's financial, operational, or other activities.

This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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