Purple Wave Infocom faces DGGI notice over Rs. 8.39 Crores GST

0 min read Updated on 26 May 2026, 08:01 PM

Reviewed by

Ashish TScanX News Team

AI Summary

Purple Wave Infocom Limited faces a Show Cause Notice from the Directorate General of GST Intelligence (DGGI) for alleged GST short payment of Rs. 8.39 Crores. The notice, dated March 25, 2026, was issued under Regulation 30.

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Purple Wave Infocom Limited received a Show Cause Notice from the Directorate General of GST Intelligence (DGGI) regarding an alleged short payment of GST aggregating to approximately Rs. 8.39 Crores. The notice was issued under Regulation 30 on March 25, 2026, bringing regulatory scrutiny to the company's tax compliance records.

The Directorate General of GST Intelligence (DGGI) has raised allegations concerning the short payment of taxes. The aggregate amount specified in the notice is approximately Rs. 8.39 Crores. The company is required to respond to the charges outlined in the Show Cause Notice.

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The notification was digitally signed by Shivani Gupta on May 26, 2026.

Historical Stock Returns for Purple Wave Infocom

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-8.23%	-5.25%	-9.26%	-12.87%	-12.87%	-12.87%

How might the settlement of this Rs. 8.39 Crore demand impact Purple Wave Infocom's cash flow and liquidity in the upcoming fiscal quarters?

Does this DGGI scrutiny indicate a potential for similar tax compliance issues within the company's historical financial records?

What legal provisions or penalties is the company likely to face if the allegations of short payment are upheld by the authorities?

Agenda for the Board Meeting

The primary focus of the meeting will be to consider and approve the audited financial results of the company for the year ended March 31, 2026, along with the audit report. In addition to the financial results, the board will deliberate on the appointment of Mrs. Sandhya Singh (Whole Time Director) as the Chief Executive Officer (CEO) of the company. The agenda also includes any other matter with the permission of the Chair.

Trading Window Closure

In continuation of a previous intimation, the company has informed that the trading window for dealing in the securities of Purple Wave Infocom Limited shall remain closed. This closure will be in effect until 48 hours after the declaration of the audited financial results.

Key Meeting Details

Particulars	Details
Meeting Date	May 28, 2026
Financial Period	Year ended March 31, 2026
Key Agenda	Audited Financial Results, CEO Appointment
Trading Window Status	Closed till 48 hours post-result declaration

Historical Stock Returns for Purple Wave Infocom

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-8.23%	-5.25%	-9.26%	-12.87%	-12.87%	-12.87%

How might Mrs. Sandhya Singh's appointment as CEO influence Purple Wave Infocom's strategic direction and business growth in the coming fiscal year?

What key financial metrics and revenue trends are investors likely to scrutinize in Purple Wave Infocom's FY2026 audited results?

Could the dual role transition of Mrs. Sandhya Singh from Whole Time Director to CEO signal a broader leadership restructuring at Purple Wave Infocom?