Purohit Construction Limited has incorporated a new limited liability partnership, PEB PCL Infracon LLP, to expand its operations in the prefabricated construction sector. The company holds a 51% stake in the newly formed entity, which was registered on July 6, 2026, under the Limited Liability Partnership Act, 2008. This strategic move allows Purohit Construction to diversify its business activities through a dedicated subsidiary focused on construction projects.

The total contribution of the LLP is ₹1,00,000, with Purohit Construction contributing ₹51,000, representing 51% of the total capital. Consequently, the company is entitled to 51% of the profits and losses generated by the LLP. The company's participation in the partnership is through its nominee, Mr. Saumil Narendrabhai Purohit, who serves as the Joint Managing Director.

PEB PCL Infracon LLP has been assigned the LLPIN ACZ-8157 and will carry on the business of prefabricated constructions and various construction projects. The incorporation follows an intimation made to the stock exchange on June 23, 2026. The filing was submitted to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Key Details of PEB PCL Infracon LLP

Purohit Construction Limited has informed BSE Limited that its appeal against a GST demand of Rs 4.16 Cr has been dismissed. The Order-in-Appeal, dated June 23, 2026, was issued by the Commissioner (Appeals), Central GST, Ahmedabad, and upholds the original order passed by the Additional Commissioner, CGST, Ahmedabad South. The company received the communication on July 2, 2026.

The dispute relates to the financial year 2017-18, where authorities alleged wrongful availment of Input Tax Credit (ITC). The upheld order confirms a GST demand of Rs 2.08 Cr along with an equivalent penalty of Rs 2.08 Cr, bringing the total liability to Rs 4.16 Cr.

Details of the Order

The company had initially disclosed the Order-in-Original on January 31, 2025. Following the dismissal of its appeal, Purohit Construction stated it is evaluating the order and exploring further legal remedies available under law. This includes the possibility of filing an appeal before the GST Appellate Tribunal, subject to legal advice.

Financial Impact

Purohit Construction respectfully disagrees with the findings in the Order-in-Appeal. The company stated that, based on its current assessment, it does not envisage any material impact on its financials, operations, or other activities as a result of this order.