Praveg Limited has disclosed that it received an order from the Office of the State Tax Officer (GST), Kerala, imposing a financial penalty. The communication, dated May 20, 2026, was formally received by the company on May 23, 2026. The order was issued under the provisions of Section 129(3) of the Central Goods and Services Tax Act, 2017.

Details of the Violation

The regulatory disclosure outlines that the penalty stems from alleged violations concerning the transportation of taxable goods. Specifically, the authorities allege contraventions of Rule 138, Rule 46, and Rule 48, read with Section 31 of the CGST Act, 2017. These rules generally pertain to the documentation required for the movement of goods and the generation of tax invoices.

Financial Impact and Response

The order imposes a monetary penalty of ₹3,67,272 on the company. In response to the development, Praveg Limited has confirmed that it is currently in the process of filing an appeal against the order. The company intends to challenge the penalty before the appropriate appellate authority.

The following table summarizes the key details of the order:

Praveg Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Mukesh Chaudhary digitally signed the submission on April 7, 2026, addressing it to BSE Limited at Dalal Street, Mumbai.

Registrar Confirmation

MCS Share Transfer Agent Limited, serving as Praveg Limited's Registrar and Share Transfer Agent, provided the compliance certificate. The Ahmedabad-based registrar confirmed proper handling of securities received from depository participants during the quarter ended March 31, 2026.

The registrar's certificate, signed by authorized signatory Jadev M.K., confirmed several key compliance aspects:

• Securities received for dematerialization were properly confirmed to depositories
• All securities have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the prescribed 15-day period

Compliance Framework

This quarterly filing represents part of the ongoing regulatory compliance framework that listed companies must maintain under SEBI regulations. The certificate ensures transparency in the dematerialization process and confirms adherence to prescribed timelines for processing securities transactions.

The submission demonstrates Praveg Limited's commitment to maintaining regulatory compliance and transparent reporting practices as required for listed entities on Indian stock exchanges.