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

PSP Projects has announced a penalty of INR 91.48 lakh imposed by the GST Authority for the financial year 2019-20 related to availing Input Tax Credit from cancelled, non-genuine, or defaulting taxpayers. The company states this issue does not materially impact its financials or operations. PSP Projects is preparing to challenge the penalty by filing an appeal with the relevant appellate authority. This update reflects ongoing tax scrutiny but no current disruption to business fundamentals.