Announcement Under Regulation 30 of the SEBI Listing Regulations, 2015 - Imposition of Fine or Penalty / Receipt of an order from GST
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praveg Ltd has received a penalty order dated May 20, 2026 from the Kerala State Tax Officer (GST Department). The penalty amount is INR 3,67,272 for alleged violations related to transportation of taxable goods without proper documentation, contravening Rules 138, 46, and 48 read with Section 31 of the CGST Act, 2017. The company received this order on May 23, 2026. The company has stated it is in the process of filing an appeal against this order before the appropriate authority. This disclosure is being made pursuant to SEBI Regulation 30 requirements.
A relatively modest GST penalty of approximately INR 3.67 lakh has been imposed. The company is contesting this order via appeal, which may reduce or eliminate the financial impact. The stock is unlikely to see significant reaction given the small penalty size and ongoing appeal process.