Kalpataru Projects International Limited (KPIL) has paid a penalty of ₹20.67 lakh to the Gujarat Industrial Development Corporation (GIDC) towards approval of an updated building plan, the company said in a regulatory filing on December 24, 2025.
According to the disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the penalty relates to administrative construction-related observations raised by GIDC. The payment was initiated by the company on December 23, 2025, at around 2:46 pm IST.
The company clarified that the payment was made as advised by the authority and does not pertain to any significant operational or financial irregularities. KPIL further stated that the penalty does not have any material impact on its financial position, operations, or other business activities.
The matter has been disclosed to both the BSE and the National Stock Exchange in compliance with regulatory requirements.
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This article is for informational purposes only and does not constitute legal or investment advice.
