D S Kulkarni Developers has informed that the Company has received an Order pertaining to Assessment Year 2016-2017 (Financial Year 2015-16) from the Ministry of Finance, Income Tax Department, on 10th March 2025 raising demand on certain issues and levy a penalty of Rs. 81,76,07,646/-. This penalty has been imposed in accordance with Section 271(1)(C) of Income Tax Act 1961. Information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, on the abovementioned penalty issue is enclosed as Annexure A. In compliance of Regulation 46 of the Listing Regulations, the information is being hosted on the Company’s website at www.dskcirp.com.
The above information is a part of company’s filings submitted to BSE.
