GST authority has demanded interest on tax paid vide DRC-03 pertaining to erstwhile JMC Projects (India) Limited (since amalgamated with the Company) for the Fiscal year 2018- 2019 on account of delayed reversal of input tax credit from Kalpataru Projects International Limited The authority has demanded to pay an interest amount of INR 1.157 million along with penalty of INR 0.020 million. Date of receipt of order is June 25, 2024.