Praveg Limited has made a regulatory disclosure pursuant to Regulation 30 read with Para A(20) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026.
The company received an order dated May 20, 2026, from the Goods and Services Tax (GST) Authorities under Section 129(3) of the Central Goods and Services Tax Act, 2017. The order was physically received by the company on May 23, 2026.
Details of the Order:
- Issuing Authority: Office of State tax officer (GST), Kerala
- Nature of Order: Order passed under Section 129(3) of the GST Act
- Violation Alleged: Transportation of taxable goods without proper documents, specifically contravening Rule 138, Rule 46, and Rule 48 read with Section 31 of the CGST Act, 2017
- Penalty Imposed: INR 3,67,272/-
- Financial Impact: Quantified monetary impact of INR 3,67,272/-
The company has stated that it is in the process of filing an appeal against this order before the appropriate authority.
The disclosure includes a confirmation pursuant to Regulation 30(13) of the SEBI Listing Regulations that the information and details furnished in Annexure-A are true, correct, and complete to the best of the company's knowledge and belief.
The disclosure was signed by Mukeshkumar Sohanram Chaudhary, Company Secretary & Compliance Officer of Praveg Limited, on May 23, 2026, at 19:10:29 IST.