Tax & Penalty27 Aug 2026, 04:29 pm
KPIT Technologies fined ₹1.23 Cr for delayed NCLT order lodgement
AI Summary
KPIT Technologies Limited and Birlasoft Limited have jointly received an adjudication order from the Collector of Stamps imposing a penalty of ₹1,23,14,040. This penalty is due to a delay of 4 days in lodging the National Company Law Tribunal (NCLT) Order, which sanctioned a Composite Scheme of Arrangement, with the Stamp Authorities. The company stated that the penalty will be paid as per the process and that there is no material impact on its financials, operations, or other activities. The order was received on August 26, 2026.
Key Highlights
- Penalty of ₹1.23 Cr imposed on KPIT Technologies and Birlasoft.
- Reason for penalty: 4-day delay in lodging NCLT order with Stamp Authorities.
- The penalty relates to a Composite Scheme of Arrangement.
- Company states no material impact on financials or operations.
- Order received from the Collector of Stamps.
Price Impact
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