Praveg Communications (India) Limited has announced robust financial results for the second quarter of the fiscal year 2021-22, showcasing significant growth across key metrics.

Strong Revenue Growth

The company reported a substantial increase in its consolidated revenue from operations, reaching Rs. 891.34 lakhs for the quarter ended September 30, 2021. This marks a remarkable 161% growth compared to Rs. 341.45 lakhs recorded in the same quarter of the previous year.

Profit Soars

Praveg Communications' profit for the quarter saw an impressive jump, rising to Rs. 169.34 lakhs from Rs. 46.33 lakhs year-over-year, representing a 265% increase.

Half-Year Performance

For the half-year period, the company's total revenue reached Rs. 1,254.52 lakhs, a significant improvement from Rs. 537.45 lakhs in the corresponding period of the previous year, indicating a 133% growth.

Financial Highlights

Operational Update

The company acknowledged that while its operations were impacted by COVID-19, there was no further significant impact during the reported quarter and half-year period. This suggests a recovery in business activities and adaptation to the post-pandemic environment.

Unbilled Services

Notably, the revenue from operations includes unbilled sale of services worth Rs. 113.10 lakhs, indicating potential future revenue recognition.

Praveg Communications' strong performance in Q2 FY22 demonstrates the company's resilience and ability to capitalize on market opportunities despite the challenging business environment. The substantial growth in both revenue and profit underscores the effectiveness of the company's business strategies and operational efficiency.

Praveg Limited , a listed company on the Bombay Stock Exchange (BSE), has received a show cause notice from the Securities and Exchange Board of India (SEBI), India's market regulator. The company disclosed this information in a regulatory filing to the BSE on August 19, 2025, in compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) regulations.

Details of the Show Cause Notice

The show cause notice, dated August 19, 2025, was issued under Rule 4(1) of the SEBI (Procedure for holding of Inquiry and Imposing Penalties) Rules, 1995, and Rule 4 of the Securities Contracts (Regulation) (Procedure for holding of Inquiry and Imposing Penalties) Rules, 2005.

Alleged Violations

According to the disclosure, SEBI has alleged that Praveg Limited violated provisions of Clause I.A.3(a) of Annexure I to the SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, read with Regulation 11 of LODR Regulations. The specific details of these alleged violations were not provided in the company's disclosure.

Financial Implications

The company stated in its filing that the financial impact of this regulatory action cannot be quantified at this time. Praveg Limited mentioned that there are no expected financial implications that can be determined as of the date of disclosure, including any potential compensation or penalties.

Company's Response

Mukesh Chaudhary, Company Secretary & Compliance Officer of Praveg Limited, signed the disclosure document. The company has not provided any additional comments or its stance on the allegations in the public filing.

Market Impact

As this regulatory action is still in its early stages, with SEBI issuing a show cause notice, the full impact on Praveg Limited and its operations remains to be seen. Investors and market watchers will likely be monitoring the situation closely for any updates or responses from the company regarding these allegations.

The show cause notice from SEBI is a significant development for Praveg Limited, and the outcome of this regulatory scrutiny could have potential implications for the company's compliance status and market perception. However, until more information is available or the company provides a detailed response to the allegations, the full extent of the impact remains uncertain.