Prostarm Info Systems Limited has informed the Exchange about Action(s) initiated or orders passed
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Awaiting price reaction for this filing.
Prostarm Info Systems has received a Show Cause Notice (SCN) in form DRC-01 from the Additional Commissioner, GST Department of Maharashtra on June 30, 2025. The notice pertains to the period April 2018 to March 2019 and raises a demand of ₹1,46,04,810 (approximately ₹1.46 crore) including interest and penalty. The allegation relates to the alleged availment of Input GST credit on certain transactions. The company has stated that it will challenge the notice by filing a reply based on strong merits.
This is a tax-related matter and not a SEBI regulatory action. The demand of ~₹1.46 crore is modest relative to most listed companies, and the company intends to contest it. Shareholders should watch for the outcome of the reply, but there is no immediate material financial impact unless the demand is upheld.