Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with sub-para 8 of para B of Part A of Schedule III thereto and the provisions ....
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praveg Ltd received a favorable order from the Appellate Deputy Commissioner (GST), Chengalpattu, on June 5, 2026, in a tax dispute originally initiated on December 18, 2024. The original order had raised a disputed GST demand of ₹17,83,112 against the company. The Appellate Authority substantially allowed the company's appeal and reduced the liability to just ₹20,000, a reduction of over 99%. The disclosure was made under SEBI's Regulation 30 listing obligations as a material update on an ongoing litigation.
Positive for shareholders — the company's financial exposure from this GST dispute has been cut to a negligible ₹20,000, removing a potential liability of nearly ₹17.83 lakhs. This removes a known overhang on the stock and reflects favorably on the company's compliance and legal position.