Kalpataru Projects International Limited reports that its branch office in Tunisia has received a penalty and demand for additional social security contributions from Caisse Nationale de Sécurité Sociale (CNSS). The penalty and additional contributions relate to the period from July 2022 to June 2025 and stem from an addition of fringe benefits and certain expenditures. The company is taking appropriate steps to address this matter. The penalty levied does not have any significant impact on the Company.
Penalty and Social Security Demand
Kalpataru Projects International Limited announced that its branch office in Tunisia received notification on December 9, 2025, regarding a penalty and demand for additional social security contributions.
Details of the Imposition
The Caisse Nationale de Sécurité Sociale (CNSS), Tunisia, has imposed a penalty of TND 134,446 (~INR 41.08 lakhs). This action includes a demand for additional social security contributions covering the period from July 2022 to June 2025. The demand is due to the addition of fringe benefits and other expenditures under CNSS regulations.
Company Response
The company has stated it is taking the necessary steps to deal with this matter. The company assesses that the penalty levied does not have a significant impact.
Source: BSE
