Praveg Ltd — Important, 23-05-2026: Company Update

Praveg Limited has received a penalty order from GST Authorities totaling INR 3,67,272. The fine stems from alleged violations involving the transportation of taxable goods without proper documentation. The company maintains that the order is incorrect and has initiated the process to file an appeal with the relevant authority. This impacts the company's compliance standing and requires a financial provision for the penalty, pending the resolution of the appeal. The outcome of this appeal will clarify the final impact.