KEC International Subsidiary Receives Rs 46.19 Crore Income Tax Demand Notice
KEC International Limited, one of the world’s largest manufacturers of electric power transmission towers, recently issued a disclosure informing stock exchanges that its subsidiary, KEC Spur Infrastructure Private Limited, has received a tax demand notice amounting to Rs 46.19 crore from the Income Tax Department.
Backstory of the case
The company said that its subsidiary, KEC Spur Infrastructure Private Limited, has received a tax demand notice of Rs 46.19 crore from the Income Tax Department.
This demand mainly comes from the department questioning some of the company’s regular business expenses and alleged unverified creditors.
Key Details of the Case
| Particular | Details |
| Issuing Authority | Income Tax Department, Assessment Unit |
| Where litigation is filed | CIT(A) |
| Demand Order | Rs 46.19 crore |
| Date of Order | March 24, 2026 |
Financial Impact
The company’s subsidiary believes the decision is incorrect. The company is in the process of filing the appeal. The company further said they don’t expect this issue to have any significant financial impact on the company.
Company’s Disclosure Compliance
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.