Purohit Construction Limited's appeal against a GST demand has been dismissed, upholding an original order.

This order confirms a GST demand of 2.08 Cr and an equivalent penalty of 2.08 Cr, totaling 4.16 Cr, relating to wrongful input tax credit availment in financial year 2017-18. The company disagrees with the findings and is evaluating further legal options, including an appeal to the GST Appellate Tribunal.

Management currently believes this outcome will not have a material impact on its financials or operations.