Pokarna Ltd

Pokarna Limited: Trading window closed for Designated Persons from 1 October, 2026 till completion of 48 hours from the announcement of the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ending on September 30, 2026 (Q2FY27).

Antidumping update

• PESL is a wholly owned subsidiary of Pokarna Limited.
• Commerce prelim results cover June 1, 2024–May 31, 2025, with PESL as mandatory respondent.
• PESL preliminarily found to have no sales below normal value in the POR.
• Antidumping duty preliminarily set at 0% for PESL in the period.
• Final duty rates expected by March 2027; current results not yet effective.
• Company will monitor proceedings and disclose updates as required.

GST Show Cause Notice

• SCN from Office of the Commissioner of Central Tax, Guntur Commissionerate, CGST Sub-Commissionerate, Nellore.
• SCN proposes GST demand of ₹23,545,724 and a matching penalty of ₹23,545,724.
• Total proposed demand ₹47,091,448, plus applicable interest.
• Alleged short-payment: ₹16,41,145 short-payment under concessional rate.
• Alleged short-payment: ₹2,19,04,579 due to short declaration of granite quantity.
• Allegations relate to merchant exporters and FY 2020-21, 2021-22.
• Date of receipt: 21 August 2026.
• No immediate financial impact; final liability depends on adjudication.

GST Show Cause Notice

• SCN from Office of the Commissioner of Central Tax, Guntur/Nellore under CGST/IGST.
• SCN proposes GST demand ₹2,35,45,724 plus equivalent penalty ₹2,35,45,724, total ₹4,70,91,448, plus interest.
• Date of receipt: 21 August 2026.
• Alleged short-payment of GST ₹16,41,145 on concessional rate supplies.
• Alleged short-declaration of quantity of black granite blocks ₹2,19,04,579 for FY 2020-21 and 2021-22.
• Total proposed demand ₹4,70,91,448 plus interest.
• Company to contest the demand by submitting detailed response within timeline.
• No immediate impact on financials; final liability depends on adjudication.

Financial results

• Unaudited standalone and consolidated Q1 2026 results approved; quarter ended 30 June 2026; limited review reports attached.

Resignation of Company Secretary

• Resignation of Mrs. Pratima Khandu Gulankar as Company Secretary and Compliance Officer, effective 7 August 2026.

Appointment of CS & Compliance Officer

• Mr. Om Jaiswal appointed Company Secretary and Compliance Officer, effective 8 August 2026.

Auditor reviews

• Independent reviews of standalone and consolidated results; auditors issued unqualified reports.

Financial results approved

• Unaudited standalone and consolidated Q1 2026 results approved; quarter ended 30 June 2026.
• Limited Review Reports by S. Daga & Co. accompanying the results.

Appointments and resignations

• Pratima Khandu Gulankar resigned as Company Secretary and Compliance Officer, effective 7 Aug 2026.
• Om Jaiswal appointed as Company Secretary and Compliance Officer, effective 8 Aug 2026.

Auditor reviews and disclosures

• Standalone results reviewed; Independent Auditor's Review issued with an unqualified conclusion.
• Consolidated results reviewed; Independent Auditor's Review issued with an unqualified conclusion.

AGM Details

• 35th AGM held on 27 July 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting opened 23 July and closed 26 July 2026; voting available during AGM.

Key Resolutions

• Resolution 1: Adopt Audited Standalone and Consolidated Financial Statements (ordinary).
• Resolution 2: Declare dividend on equity shares for FY 2025-26 (ordinary).
• Resolution 3: Re-appoint director retiring by rotation (ordinary).
• Resolution 4: Re-appoint Gautam Chand Jain as Chairman and MD (special).
• Resolution 5: Re-appoint Rahul Jain as Managing Director (special).

Voting Results

• Resolution 1: Passed; 100% in favour (excluding 2 invalid votes).
• Resolution 2: Passed; 100% in favour (excluding 2 invalid votes).
• Resolution 3: Passed; 96.51% in favour, 3.49% against.
• Resolution 4: Passed; 83.87% in favour, 16.13% against.
• Resolution 5: Passed; 95.95% in favour, 4.05% against.

Dividend

• Dividend on equity shares for FY 2025-26 approved.

Director Changes

• Prakash Chand Jain retired by rotation and re-appointed (ordinary).
• Gautam Chand Jain re-appointed as Chairman and MD (special).
• Rahul Jain re-appointed as Managing Director (special).