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 informed BSE that the GST Show Cause Notice, originally issued on July 31, 2025 and disclosed on August 22, 2025, has been fully disposed of. The notice alleged wrongful availment of Input Tax Credit of around Rs. 2.47 crore related to construction of immovable property, which is a blocked credit under GST law. On June 3, 2026, the Assistant Commissioner of Daman passed an order concluding the proceedings. No tax demand, interest, penalty, or any other liability has been imposed on the company. The financial implication from this matter is now Nil, and the case stands closed.
Positive for shareholders — the company has been let off without any financial liability in a matter that had a potential exposure of Rs. 2.47 crore, removing an overhang on the stock.