Praveg Ltd — Important, 22-08-2025: Company Update

Praveg Limited has received a show cause notice from Central GST, Daman, regarding alleged improper claiming of Input Tax Credit (ITC). The authorities contend the company claimed ITC for the construction of immovable property, a type of credit generally restricted. This matter carries a potential financial implication of up to INR 2.47 Cr. The company's response to this notice will be crucial, as the resolution could impact its financial standing.