KNR Constructions LimitedKNRCONNSE

Income tax appeals authority deletes ₹18.22 crore penalty for KNR Constructions

As filed · KNR Constructions Limited has informed the Exchange regarding 'Receipt of Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Receipt of order from Office of Commissioner of Income Tax Ap

18 Sept 2026 · 14:26 ISTBusinessImprovingMinor

What happened

Fact

The Commissioner of Income Tax–Appeals, Hyderabad-12, allowed KNR Constructions’ appeals and deleted a penalty of Rs. 18,22,08,922 for AY 2007-08. The order was received on 17 September 2026, and the company stated that the impact on its financial, operational and other activities is nil.

Why it matters

CapitSignal interpretation

An order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.

What management said before

Prior statements by this company that CapitSignal has recorded changing.

Guidance

Revised

EarlierQ1 FY27

This year, we are targeting somewhere around, you can say, INR2,200 crores to INR2,300 crores of revenue with EBITDA of around 8% to 9% this year.

NowQ1 FY27

Next year should be the good year. We are thinking they try to cross INR3,000 crores plus with EBITDA of around 11% to 12%.

Change

Fact

Target revision

Implication

CapitSignal interpretation

The earlier statement targeted revenue of INR2,200 to INR2,300 crores, while the current statement targets over INR3,000 crores. This represents a material change in the revenue target.

Watch next

Fact

Execution period stated in the order
Whether the order book total is disclosed
Margin commentary at the next results
So Q3, Q4 margin should be good. (management committed by Q3 FY27)
So this year, definitely, we are targeting to do somewhere around INR300 crores to INR400 crores in this year (management committed by FY27)

Evidence

KNR Constructions Limited has informed the Exchange regarding 'Receipt of Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Receipt of order from Office of Commissioner of Income Tax Appeals'.(opens the original filing in a new tab)
Earlier statement · Q1 FY27
Latest statement · Q1 FY27
Earlier statement · Q1 FY27

How CapitSignal classified this

Reasoning:: The order removes a stated Rs. 18,22,08,922 tax penalty exposure relating to AY 2007-08. However, the company has stated that the impact on its activities is nil.
Matched on:: the filing's own subject line
Confidence in the event type:: 75%

See KNR Constructions Limited’s full corporate memory →

What management said before

Prior statements by this company that CapitSignal has recorded changing.

Guidance

Revised

EarlierQ1 FY27

This year, we are targeting somewhere around, you can say, INR2,200 crores to INR2,300 crores of revenue with EBITDA of around 8% to 9% this year.

NowQ1 FY27

Next year should be the good year. We are thinking they try to cross INR3,000 crores plus with EBITDA of around 11% to 12%.

Change

Fact

Target revision

Implication

CapitSignal interpretation

The earlier statement targeted revenue of INR2,200 to INR2,300 crores, while the current statement targets over INR3,000 crores. This represents a material change in the revenue target.