General information about company

Scrip code532940
NSE SymbolJKIL
MSEI SymbolNOTLISTED
ISININE576I01022
Name of the entityJ.KUMAR INFRAPROJECTS LIMITED
Date of start of financial year01-04-2025
Date of end of financial year31-03-2026
Reporting Quarter TypeQuarterly
Date of Quarter Ending31-12-2025
Type of companyEquity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity?Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity?Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity?NoNot Applicable
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity?NoNot Applicable
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity?Yes
Risk management committeeApplicable
Market Capitalisation as per immediate previous Financial YearTop 1000 listed entities
Is SCORE ID Available ?Yes
SCORE Registration IDj00001
Reason For No SCORE ID
Type of SubmissionOriginal
Remarks (website dissemination)
Remarks for Exchange (not for Website Dissemination)



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular ChairpersonYes
Whether Chairperson is related to MD or CEOYes
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of Birth
1MrJagdishkumar M. GuptaAACPG2753N01112887Executive DirectorChairperson12-07-1948
2MrKamal J. GuptaAAEPG9892N00628053Executive DirectorNot ApplicableMD17-10-1973
3MrNalin J. GuptaAAEPG9920B00627832Executive DirectorNot ApplicableMD15-08-1975
4MrRaghav ChandraAAEPC2866J00057760Non-Executive - Independent DirectorNot Applicable31-10-1958
5MrSidharath KapurAAJPK7956Q02153416Non-Executive - Independent DirectorNot Applicable20-07-1962
6MrRamesh Kumar ChoubeyAAJPC7855N10545097Non-Executive - Independent DirectorNot Applicable27-08-1963
7MrPravin GhagBILPG2888N10566207Executive DirectorNot Applicable20-08-1970
8MrsArchana YadavAAAPY9845P07335198Non-Executive - Independent DirectorNot Applicable30-12-1976

I. Composition of Board of Directors

Disqualification of Directors under section 164 of the Companies Act, 2013

SrWhether the director is disqualified?Start Date of disqualificationEnd Date of disqualificationDetails of disqualificationCurrent status
1NoActive
2NoActive
3NoActive
4NoActive
5NoActive
6NoActive
7NoActive
8NoActive

I. Composition of Board of Directors

SrWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & reg. 17A(2)]Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Reason for CessationNotes for not providing PANNotes for not providing DIN
1NA02-12-199920-05-202401100
2NA02-12-199920-05-202401122
3NA02-12-199920-05-202401111
4No01-11-202201-11-2022385561
5No08-02-202208-02-202246.231311
6No28-03-202428-03-202421.031111
7NA28-03-202428-03-202401000
8Yes24-09-202407-08-201907-08-202476.243350



Audit Committee Details

Whether the Audit Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
107335198Archana YadavNon-Executive - Independent DirectorChairperson07-08-2024
200628053Kamal J. GuptaExecutive DirectorMember20-05-2024
300057760Raghav ChandraNon-Executive - Independent DirectorMember01-11-2022
402153416Sidharath KapurNon-Executive - Independent DirectorMember08-02-2022
510545097Ramesh Kumar ChoubeyNon-Executive - Independent DirectorMember28-05-2024


Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
102153416Sidharath KapurNon-Executive - Independent DirectorChairperson08-02-2022
200057760Raghav ChandraNon-Executive - Independent DirectorMember01-11-2022
307335198Archana YadavNon-Executive - Independent DirectorMember07-08-2024
410545097Ramesh Kumar ChoubeyNon-Executive - Independent DirectorMember28-05-2024


Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100057760Raghav ChandraNon-Executive - Independent DirectorChairperson01-11-2022
210545097Ramesh Kumar ChoubeyNon-Executive - Independent DirectorMember06-11-2025
300627832Nalin J. GuptaExecutive DirectorMember20-05-2024
400628053Kamal J. GuptaExecutive DirectorMember20-05-202406-11-2025


Risk Management Committee

Whether the Risk Management Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
102153416Sidharath KapurNon-Executive - Independent DirectorChairperson21-04-2022
200628053Kamal J. GuptaExecutive DirectorMember20-05-2024
300627832Nalin J. GuptaExecutive DirectorMember20-05-2024
400000000Vasant SavlaChief Financial OfficerMember06-08-2024Textual Information(1)

Sr Text Block

Textual Information(1)Mr. Vasant Savla is the Chief Financial Officer and not the Director, he is not having DIN


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
107335198Archana YadavNon-Executive - Independent DirectorChairperson07-08-2024
201112887Jagdishkumar M. GuptaExecutive DirectorMember20-05-2024
300628053Kamal J. GuptaExecutive DirectorMember20-05-2024


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks
101112887Jagdishkumar M. GuptaCommittee of Directors (Management)Executive DirectorChairperson
200628053Kamal J. GuptaCommittee of Directors (Management)Executive DirectorMember
300627832Nalin J. GuptaCommittee of Directors (Management)Executive DirectorMember

Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory
Sr. No.Date(s) of meeting (if any) in the previous quarterDate(s) of meeting (if any) in the current quarterMaximum gap between any two consecutive (in number of days)Notes for not providing DateWhether requirement of Quorum met (Yes/No)Total Number of Directors as on date of the meetingNumber of Directors present* (All directors including Independent Director)No. of Independent Directors attending the meeting*
129-07-2025Yes884
223-09-202555Yes874
306-11-202543Yes884
422-12-202545Yes874



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReason for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors in the Committee as on date of the meetingNumber of Directors Present (All Directors including Independent Director)No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1Audit Committee29-07-2025Yes5540
2Audit Committee06-11-202599Yes5540
3Audit Committee22-12-202545Yes5440
4Risk Management Committee29-07-2025Yes3311
5Risk Management Committee06-11-202599Yes3311
6Corporate Social Responsibility Committee29-07-2025Yes3310



Annexure 1

IV. Meeting of Committees

SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReason for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors in the Committee as on date of the meetingNumber of Directors Present (All Directors including Independent Director)No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
7Corporate Social Responsibility Committee06-11-202599Yes3310
8Stakeholders Relationship Committee06-11-2025Yes3310
9Other Committee27-10-2025Management Committee (Committee of Directors)Yes4410
10Other Committee28-11-202531Management Committee (Committee of Directors)Yes3300



Annexure 1

V. Affirmations

SrSubjectCompliance status (Yes/No)
1The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015Yes
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit CommitteeYes
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeYes
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeYes
5The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities)Yes
6The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
7The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes

Annexure 1

SrSubjectCompliance status
1Name of signatoryKamal J. Gupta
2DesignationManaging Director



Details of Cyber security incidence

Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarterNo
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr.Date of the eventBrief details of the event



Signatory Details

Name of signatoryKamal J. Gupta
Designation of personManaging Director
PlaceMumbai
Date27-02-2026



Investor Grievance Details

No. of investor complaints pending at the beginning of Quarter0
No. of investor complaints received during the Quarter0
No. of investor complaints disposed off during the Quarter0
No. of investor complaints those remaining unresolved at the end of the Quarter0



Disclosure of Updates to Ongoing Tax Litigations or Disputes The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No.Name of the opposing partyDate of initiation of the litigation / disputeStatus of the litigation / dispute as per last disclosureCurrent status of the litigation / dispute
1Jkumar Infraprojects Ltd v/s. Income Tax Department13-08-2024Matter is sub judice before the ITAT for AY 2016-17No Change
2Jkumar Infraprojects Ltd v/s. Income Tax Department13-08-2024Matter is sub judice before the ITAT for AY 2017-18No Change
3Jkumar Infraprojects Ltd v/s. Income Tax Department13-08-2024Matter is sub judice before the ITAT for AY 2018-19No Change
4Jkumar Infraprojects Ltd v/s. Income Tax Department13-08-2024Matter is sub judice before the ITAT for AY 2019-20No Change
5Jkumar Infraprojects Ltd v/s. Income Tax Department13-08-2024Matter is sub judice before the ITAT for AY 2020-21No Change
6Jkumar Infraprojects Ltd v/s. Income Tax Department13-08-2024Matter is sub judice before the ITAT for AY 2021-22No Change
7Jkumar Infraprojects Ltd v/s. Income Tax Department13-08-2024Matter is sub judice before the ITAT for AY 2022-23No Change
8Income Tax Department V/s. Jkumar Infraprojects Ltd06-09-2024Matter is sub judice before the ITAT for AY 2016-17No Change
9Income Tax Department V/s. Jkumar Infraprojects Ltd06-09-2024Matter is sub judice before the ITAT for AY 2017-18No Change
10Income Tax Department V/s. Jkumar Infraprojects Ltd06-09-2024Matter is sub judice before the ITAT for AY 2018-19No Change
11Income Tax Department V/s. Jkumar Infraprojects Ltd06-09-2024Matter is sub judice before the ITAT for AY 2019-20No Change
12Income Tax Department V/s. Jkumar Infraprojects Ltd06-09-2024Matter is sub judice before the ITAT for AY 2020-21No Change
13Income Tax Department V/s. Jkumar Infraprojects Ltd06-09-2024Matter is sub judice before the ITAT for AY 2021-22No Change
14Income Tax Department V/s. Jkumar Infraprojects Ltd06-09-2024Matter is sub judice before the ITAT for AY 2022-23No Change
15Jkumar Infraprojects Ltd v/s. Income Tax Department28-03-2025Matter is sub judice before the ITAT for AY 2023-24No Change
16Income Tax Department V/s. Jkumar Infraprojects Ltd17-04-2025Matter is sub judice before the ITAT for AY 2023-24No Change
17Income Tax Department V/s. Jkumar Infraprojects Ltd25-04-2025Matter is sub judice before the ITAT for AY 2013-14No Change
18Income Tax Department V/s. Jkumar Infraprojects Ltd25-04-2025Matter is sub judice before the ITAT for AY 2014-15No Change
19Income Tax Department V/s. Jkumar Infraprojects Ltd25-04-2025Matter is sub judice before the ITAT for AY 2015-16No Change
20Income Tax Department V/s. Jkumar Infraprojects Ltd16-01-2023Matter is sub judice before the High Court for AY 2016-17No Change
21Income Tax Department V/s. Jkumar Infraprojects Ltd13-01-2023Matter is sub judice before the High Court for AY 2016-17No Change
22Income Tax Department V/s. Jkumar Infraprojects Ltd13-12-2022Matter is sub judice before the High Court for AY 2015-16No Change
23Income Tax Department V/s. Jkumar Infraprojects Ltd26-06-2018Matter is sub judice before the High Court for AY 2010-11The ITAT order is on factual findings for AY 2010-11. Hence the Company does not expect the appeal of the department to be admitted by the Hon'ble High Court. In view of the same no tax liability is expected.
24Income Tax Department V/s. Jkumar Infraprojects Ltd26-06-2018Matter is sub judice before the High Court for AY 2011-12The ITAT order is on factual findings for AY 2011-12. Hence the Company does not expect the appeal of the department to be admitted by the Hon'ble High Court. In view of the same no tax liability is expected.
25Income Tax Department V/s. Jkumar Infraprojects Ltd26-06-2018Matter is sub judice before the High Court for AY 2012-13The ITAT order is on factual findings for AY 2012-13. Hence the Company does not expect the appeal of the department to be admitted by the Hon'ble High Court. In view of the same no tax liability is expected.
26Jkumar Infraprojects Ltd v/s. Service Tax Department12-03-2019Matter is sub judice before the CESTAT for FY 2015-16No Change
27Jkumar Infraprojects Ltd v/s. Service Tax Department03-08-2018Matter is sub judice before the CESTAT for FY 2015-16No Change
28Jagdishkumar Gupta (Promoter) v/s Income Tax Department13-08-2024Matter is subjudice before the ITAT for AY 2019-20 (Promoter)No Change
29Jagdishkumar Gupta (Promoter) v/s Income Tax Department13-08-2024Matter is subjudice before the ITAT for AY 2021-22 (Promoter)No Change
30Jagdishkumar Gupta (Promoter) v/s Income Tax Department13-08-2024Matter is subjudice before the ITAT for AY 2022-23 (Promoter)No Change
31Kamal Gupta (Promoter) v/s Income Tax Department16-08-2024Matter is subjudice before the ITAT for AY 2022-23 (Promoter)No Change
32Nalin Gupta (Promoter) v/s Income Tax Department16-08-2024Matter is subjudice before the ITAT for AY 2022-23 (Promoter)No Change
33Jagdishkumar Gupta (Promoter) v/s Income Tax Department06-09-2024Matter is subjudice before the ITAT for AY 2019-20 (Promoter)No Change
34Income Tax Department v/s Jagdishkumar Gupta (Promoter) 06-09-2024Matter is subjudice before the ITAT for AY 2020-21 (Promoter)No Change
35Income Tax Department v/s Jagdishkumar Gupta (Promoter) 06-09-2024Matter is subjudice before the ITAT for AY 2021-22 (Promoter)No Change
36Income Tax Department v/s Jagdishkumar Gupta (Promoter) 06-09-2024Matter is subjudice before the ITAT for AY 2022-23 (Promoter)No Change
37Jagdishkumar Gupta (Promoter) v/s Income Tax Department28-03-2025Matter is sub judice before the ITAT for AY 2023-24No Change
38Income Tax Department v/s Jagdishkumar Gupta (Promoter) 17-04-2025Matter is sub judice before the ITAT for AY 2023-24No Change
39Income Tax Department v/s Jagdishkumar Gupta (Promoter) 30-04-2025Matter is sub judice before the ITAT for AY 2022-23No Change
40Income Tax Department v/s Kamal Gupta (Promoter) 04-11-2022Matter is subjudice before the High Court for AY 2014-15 (Promoter)No Change
41BMC/MMRDA13-01-2025The Company has received Rs. 549.63 Crores property tax demand from BMC for the properties leased from MMRDA.It maintains that MMRDA is responsible for the tax as per lease agreements and tender documents. The Company is of the view that the payment of property tax is the liability of MMRDA. Company has obtained an opinion from its legal consultants which vindicates the stand of the Company Company is evaluating various legal options to address this matter in the similar circumstances. There are writ petitions pending in the Hon’ble Bombay High Court instituted by other contractors who have also been made liable by BMC for payment of property tax on the casting yards provided to them under different tenders. Notably, the Hon’ble Bombay High Court, vide order “Pending hearing and final disposal of this Petition, be pleased to issue a direction to stay the operation, effect, implementation including taking any coercive steps arising out of or in relation to all property tax demands pertaining to the plot of land on the Petitioner “No Change
421. Vanashakti (Public Trust) 2. Stalin Dayanand (Director, Vanashakti) 27-12-2024Vanashakti has filed an Original Application before the National Green Tribunal, Western Zone Bench, Pune, raising environmental concerns regarding illegal construction and operation of Casting Yard and Cement Mixing Plants by J. Kumar Infraprojects Limited (“The Company”) within the Eco-Sensitive Zone (“ESZ”) of Sanjay Gandhi National Park (“SGNP”), Mumbai, Maharashtra. Vanashakti contends that these activities result in serious environmental degradation, including unauthorized clearing of forested land, dust pollution, habitat disruption, and illegal encroachments, in violation of the ESZ Notification dated December 5, 2016, and multiple environmental laws. Despite repeated representations and RTI queries, alleged regulatory inaction has allowed continued polluting operations, posing severe risks to biodiversity and local communities. Vanashakti seeks an immediate cessation of these activities, demolition of illegal structures, penalties for violators, and restoration of the damaged ecological areas. The Company refutes these claims categorically, asserting the Original Application is misconceived, lacking any legal or factual basis, and barred by limitation. JKIL states that its operations relate exclusively to authorized casting yard activities for the Mumbai Metro Rail Project, with Ready-Mix Concrete (“RMC”) plants having been closed following directions from the Maharashtra Pollution Control Board (“MPCB”). The Company emphasizes that all requisite approvals and consents were duly obtained from regulatory authorities, including MPCB, the Thane Municipal Corporation, and the ESZ Monitoring Committee, which explicitly permits infrastructure projects of national importance like the Mumbai Metro within the ESZ. JKIL highlights that the ESZ Notification exempts such projects, and that retrospective application of restrictions to the ongoing metro works is legally untenable. The Company further contends that no credible expert evidence exists to substantiate environmental harm from its operations, which are vital public infrastructure initiatives intended to improve urban mobility and reduce pollution. Both parties are engaged in ongoing proceedings before the Honourable National Green Tribunal, with the Company praying for dismissal of the Application on grounds of maintainability, limitation, and lack of merit, while underscoring the need to balance environmental protection with critical infrastructure development.Pending
43Vighnaharta Enterprises22-08-2025Vighnaharta Enterprises has raised a claim of Rs. 3.60 Crores against J Kumar Infraprojects Limited (“The Company”) as outstanding dues for civil engineering utility diversion works and commercial vehicle hire services provided under contract with Mumbai Metropolitan Region Development Authority (MMRDA) for the Mumbai Metro Project. Vighnaharta Enterprises maintains that the amounts are payable as per certified work completion, statutory timelines under the MSMED Act, and admitted ledger entries by Then Company. Vighnaharta Enterprises has obtained legal advice supporting the legitimacy of its claim and is in the process of pursuing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, to recover the outstanding operational debt. The Company refutes the claim of operational debt, asserting the existence of significant and bona fide disputes related to quality of work, pending defect liability periods, and recoveries initiated by MMRDA for substandard performance by Vighnaharta Enterprises. The Company contends that the insolvency petition is an abuse of process, filed without admitted liability, and amounts to a coercive recovery attempt outside the scope of insolvency law. The Company emphasizes its strong financial position, ongoing infrastructure commitments, and asserts that the dispute is contractual and ought to be adjudicated in competent civil or arbitral forums, not via insolvency proceedings. There are ongoing legal proceedings where both parties are engaged, and similar disputes are being addressed by appropriate judicial authorities. The Hon’ble National Company Law Tribunal is seized of the matter, and the parties await its decision on the maintainability and merits of the insolvency petition filed by Vighnaharta Enterprises against The Company.Pending
44MMRDA (Mumbai Metropolitan Region Development Authority)06-05-2025J Kumar Infraprojects Limited (“the Company”) has filed a writ petition before the Hon’ble High Court against Mumbai Metropolitan Region Development Authority (“MMRDA”) in relation to Contract No. MMRDA/MMRP/L-2B-C101 pertaining to the execution of the Mumbai Metro Rail Project (Line 2B). The dispute relates to non-adjustment of the contract price following the revision in the Goods and Services Tax (“GST”) rate from 12% to 18% with effect from July 2022, as notified by the GST Council. Despite representations made by the Company and certifications issued by the Engineer under the contract, MMRDA has withheld an amount aggregating to Rs. 34.27 Crores, treating the Company’s bills as inclusive of the revised GST rate. The Company has sought appropriate judicial directions for release of the withheld amount and revision of the contract price and has placed reliance on precedents involving similar GST-related contract price adjustments granted by public authorities, including matters relating to Pune Metropolitan Region Development Authority. The writ petition is pending before the Hon’ble Court.Pending
45MMRDA (Mumbai Metropolitan Region Development Authority)06-05-2025J Kumar Infraprojects Limited (“the Company”) has filed a writ petition before the Hon’ble High Court against Mumbai Metropolitan Region Development Authority (“MMRDA”) in relation to Contract No. MMRDA/MMRP/ML4A/CA-54 pertaining to the execution of the Mumbai Metro Line 4A Project. The dispute relates to non-adjustment of the contract price pursuant to the revision in the Goods and Services Tax (“GST”) rate from 12% to 18% with effect from 18 July 2022, as notified by the GST Council. Despite representations made by the Company and certifications issued by the Engineer under the contract, MMRDA has withheld an amount aggregating to Rs. 16.36 Crores towards differential GST, treating the Company’s bills as inclusive of the revised GST rate. The Company has sought appropriate judicial directions for release of the withheld amount and revision of the contract price and has placed reliance on precedents involving similar GST-related contract price adjustments granted by public authorities, including matters relating to Pune Metropolitan Region Development Authority. The writ petition is pending before the Hon’ble Court. Further, similar GST-related claims aggregating to Rs. 42.63 Crores in respect of the Mumbai Metro Line 9 Project and Rs. 20.62 Crores in respect of the Mumbai Metro Line 7A Project are also under dispute and are presently at the pre-admission stage before the appropriate judicial forums.Pending
46MMRDA (Mumbai Metropolitan Region Development Authority)06-05-2025J Kumar Infraprojects Limited (“the Company”) has filed a writ petition before the Hon’ble High Court against Mumbai Metropolitan Region Development Authority (“MMRDA”) in relation to Contract No. MMRDA/9/MMRP/CA48 pertaining to the execution of the Mumbai Metro Line 9 and Line 7A Projects. The dispute relates to non-adjustment of the contract price pursuant to the revision in the Goods and Services Tax (“GST”) rate from 12% to 18% with effect from 18 July 2022, as notified by the GST Council. Despite representations made by the Company and certifications issued by the Engineer under the contract, MMRDA has withheld amounts aggregating to Rs. 6.58 Crores (Line 9) and Rs. 1.41 Crores (Line 7A) towards differential GST, treating the Company’s bills as inclusive of the revised GST rate. The total amounts under dispute are Rs. 42.63 Crores in respect of Line 9 and Rs. 20.62 Crores in respect of Line 7A. The Company has sought appropriate judicial directions for release of the withheld amounts and revision of the contract price and has placed reliance on precedents involving similar GST-related contract price adjustments granted by public authorities, including matters relating to Pune Metropolitan Region Development Authority. The writ petition is pending before the Hon’ble Court.Pending