Prostarm Info Systems Limited has informed the Exchange about receipt of Show Cause Notice from GST Department - Gujarat
PROSTARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250 and 3.4 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prostarm Info Systems has received a Show Cause Notice (SCN) from the GST Department of Gujarat, dated July 02, 2025, for the financial period April 2018 to March 2019. The notice demands INR 14,54,128 (approximately ₹14.54 lakhs) including penalty, alleging that the company generated duplicate E-Waybills for the same invoice by taxpayers under the Ahmedabad North Commissionerate. The company has stated it will challenge the notice on strong merits by filing a reply. The disclosure is being made under SEBI Listing Regulations and will be made available on the company's website.
The financial demand is relatively small (about ₹14.54 lakhs) and pertains to a period over six years ago, so the immediate impact on the company or shareholders is likely minor. The stock price is unlikely to be significantly affected unless the dispute escalates materially.