Praruh Technologies Limited Files SEBI Compliance Disclosure for FY2026 Share Encumbrance

1 min read     Updated on 06 Apr 2026, 10:49 AM
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AI Summary

Praruh Technologies Limited submitted its mandatory SEBI compliance disclosure to BSE Limited, confirming no encumbrance of promoter shares during FY2026. The disclosure includes individual declarations from Managing Director Vishal Prakash, promoters Rahul Sharma and Amar Deep Sharma, and promoter group members Vikash Prakash, Pariza Chaturvedi, and Nilam Panday, all dated April 02, 2026.

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Praruh Technologies Limited has fulfilled its regulatory obligations by submitting a comprehensive disclosure to BSE Limited under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated April 06, 2026, confirms that the company's promoters and promoter group members maintained clean shareholdings without any encumbrance during the financial year ended March 31, 2026.

Regulatory Compliance Framework

The disclosure was made in accordance with Regulation 31(4) and (5) of the SEBI (SAST) Regulations, 2011, which mandates listed companies to report any encumbrance activities by their promoters and promoter group members. The company has assured continued compliance with applicable provisions and committed to making necessary disclosures in case of any future creation, invocation, or release of encumbrance over promoter shareholdings.

Promoter and Promoter Group Declarations

The submission includes individual declarations from all key stakeholders confirming no encumbrance activities during FY2026:

Stakeholder: Designation Declaration Date
Vishal Prakash Managing Director & Promoter April 02, 2026
Rahul Sharma Promoter April 02, 2026
Amar Deep Sharma Promoter April 02, 2026
Vikash Prakash Promoter Group Member April 02, 2026
Pariza Chaturvedi Promoter Group Member April 02, 2026
Nilam Panday Promoter Group Member April 02, 2026

Corporate Governance and Transparency

Each declaration specifically states that the respective promoter or promoter group member, along with persons acting in concert, did not create any encumbrance over their shares held directly or indirectly during the financial year ended March 31, 2026. All declarations were executed from the company's registered office in Noida, Uttar Pradesh, and copies were forwarded to the company's Audit Committee for internal governance purposes.

Company Leadership

Vishal Prakash, serving as Managing Director with DIN 09364754, signed the company's formal submission to BSE Limited. The digitally signed document demonstrates the company's commitment to maintaining transparent corporate governance practices and adhering to regulatory requirements. The comprehensive nature of the disclosure, covering all promoters and promoter group members, reflects the company's proactive approach to regulatory compliance and stakeholder transparency.

What strategic initiatives or expansion plans might Praruh Technologies pursue given their clean shareholding structure and strong governance position?

How might this clean encumbrance record impact Praruh Technologies' ability to secure future funding or attract institutional investors?

Will Praruh Technologies consider any changes to their promoter shareholding structure or bring in new strategic partners in the coming fiscal year?

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Praruh Technologies Limited Receives GST Demand Order of ₹4.27 Crores for FY 2019-20

1 min read     Updated on 26 Mar 2026, 07:46 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Praruh Technologies Limited disclosed receiving a GST demand order of ₹4,27,51,726 for FY 2019-20 from Uttar Pradesh tax authorities on March 25, 2026. The company stated no material impact on financials or operations and plans to file an appeal against the order before the due date.

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Praruh Technologies Limited has informed stock exchanges about receiving a GST demand order from tax authorities in Uttar Pradesh. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Demand Details

The company received an Order-In-Original from the Office of Deputy Commissioner, State Tax Department, Khand-2, Gautam Budh Nagar, Uttar Pradesh GST Range on March 25, 2026. The order pertains to GST demand for Financial Year 2019-20.

Particulars: Details
Demanding Authority: Office Deputy Commissioner, State Tax Department, Khand-2, Gautam Budh Nagar, Uttar Pradesh
GST Amount Demanded: ₹4,27,51,726
Financial Year: 2019-20
Additional Components: Interest and penalty
Date of Receipt: March 25, 2026

Company's Response and Impact Assessment

Praruh Technologies has assessed the impact of this GST demand order on its business operations. The company has stated that there is no material impact on the financials, operations, or other activities due to this order. The management emphasized that the order is currently appealable under the GST framework.

The company plans to file an appeal against the demand order before the stipulated due date. This approach indicates the company's intention to contest the GST demand through proper legal channels available under the tax regulations.

Regulatory Compliance

The disclosure was made in compliance with SEBI Listing Regulations, specifically referencing Sub-Para 20 of Para A, Part A of Schedule III. The company also followed guidelines from SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which provides framework for such regulatory disclosures.

Managing Director Vishal Prakash signed the disclosure document, ensuring proper authorization and compliance with corporate governance requirements. The company has fulfilled its obligation to keep investors and stakeholders informed about material developments that could potentially impact its operations.

What are the potential financial implications if Praruh Technologies loses the GST appeal and has to pay the full demand amount including interest and penalties?

How might this GST dispute affect Praruh Technologies' credit rating and ability to secure financing for future expansion plans?

Could this GST demand order trigger additional scrutiny from tax authorities for other financial years, potentially leading to more demand notices?

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