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.

Praveg Limited has received a show cause notice from the Goods and Services Tax (GST) authorities regarding alleged wrongful availment of input tax credit worth INR 19,10,758 for the financial year 2020-21. The company disclosed this development in compliance with SEBI regulations on April 7, 2026.

GST Notice Details

The show cause notice, dated March 26, 2026, was issued under Section 74(1) of the Central Goods and Services Tax Act, 2017, read with applicable provisions of the Gujarat Goods and Services Tax Act, 2017. The company received the notice via email on April 7, 2026.

Alleged Violations

The GST authorities have alleged that Praveg Limited wrongly availed and utilized input tax credit based on invoices issued by certain suppliers whose GST registrations were cancelled, including cases of cancellation ab-initio. According to the show cause notice, such input tax credit is considered inadmissible under Section 16 of the CGST Act, 2017.

The specific allegations include:

• Non-fulfillment of conditions prescribed under Section 16(2)(a) and 16(2)(c)
• Non-payment of tax by the suppliers to the government
• Failure to reverse ineligible input tax credit within prescribed time, contravening Section 39(7) of the CGST Act, 2017
• Alleged contravention of Section 50 of the CGST Act, 2017 regarding non-payment of applicable interest

Company's Response and Impact Assessment

Praveg Limited stated that it believes it has complied with applicable GST laws and regulations and has adequate grounds to substantiate its position. The company is currently preparing a suitable response to be filed within the prescribed timelines.

Financial Implications

The total amount involved in the show cause notice is INR 19,10,758, plus applicable interest and penalty as may be determined by the authorities. However, the company has assessed that it does not foresee any immediate material impact on its financials, operations, or other activities while the matter is under review.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding this regulatory development.