Praveg Ltd — Important, 07-04-2026: Company Update

Praveg Limited has received a Show Cause Notice from GST authorities regarding alleged wrongful input tax credit utilization for FY 2020-21. The notice seeks INR 19,10,758/- plus interest and penalty for alleged inadmissible credit from suppliers with cancelled registrations and non-reversal of ineligible credit. The company is evaluating the matter, confident it complied with tax laws and has solid grounds for its defense. It anticipates no immediate material impact on its financials or operations.