Vishnu Prakash R Punglia Limited — Others, 23-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Vishnu Prakash R Punglia Limited has received a Show Cause Notice alleging ineligible Input Tax Credit (ITC) claims from financial years 2018-19 and 2019-20, amounting to ₹2.00 crore in ITC and a proposed penalty of ₹23.13 crore. The company intends to present a defense, expressing confidence in a favorable outcome. They believe there will be no material financial impact from this notice. This situation could lead to a neutral sentiment among investors, given the company's positive outlook regarding its defense and the potential for resolution without financial liability.