The Company has received the order in original from the Authority wherein GST amounting to Rs.4,21,51,726/- has been demanded for the Financial Year 2019-20 along with interest and penalty.
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Praruh Technologies has received an order from the Office of the Deputy Commissioner, State Tax Department, Gautam Budh Nagar, Uttar Pradesh, demanding GST of Rs. 4,27,51,726 for Financial Year 2019-20, along with applicable interest and penalty. The order was received on March 25, 2026. The company has stated that there is no material impact on its financials, operations, or other activities due to this order. The demand is appealable, and the company has indicated it will file an appeal before the due date.
Short-term negative sentiment possible due to the tax demand, though the company has downplayed any material financial or operational impact. Since the order is appealable and the company plans to contest it, the final liability remains uncertain and contingent on the appeal outcome.