PSP Projects Limited — Others, 20-06-2025: Action(s) taken or orders passed

PSP Projects has announced a board meeting on the financial results for the quarter and half-year. The company received a GST penalty order of ₹11.91 lakh for the fiscal year 2020-21, alleging availing Input Tax Credit from cancelled and non-genuine taxpayers. The company states there is no material financial or operational impact and is preparing to appeal the order. Administrative delays caused the late disclosure. This matter is relevant for investors as it involves compliance risks, but the company’s core operations and finances remain unaffected for now.