Pokarna Ltd

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).

AGM Details

• Date and time: 27 July 2026, 11:00 IST; mode: VC/OAVM.
• Remote e-voting: 23–26 July 2026; InstaPoll available at AGM.
• AGM e-voting available for shareholders not voting earlier.
• Cut-off date for voting: 20 July 2026.
• All business in the Notice transacted; resolutions passed with requisite majority.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited standalone and Consolidated Financial Statements.
• Resolution 2 (Ordinary): Declare dividend for FY 2025-26.
• Resolution 3 (Ordinary): Appointment of Prakash Chand Jain (re-appointment by rotation).
• Resolution 4 (Special): Re-appointment of Gautam Chand Jain as Chairman & MD.
• Resolution 5 (Special): Re-appointment of Rahul Jain as Managing Director.

Voting Results

• Resolution 1: Passed; all valid votes in favour.
• Resolution 2: Passed; all valid votes in favour.
• Resolution 3: Passed; 21,274,234 in favour, 769,532 against.
• Resolution 4: Passed; 18,488,932 in favour, 3,554,834 against.
• Resolution 5: Passed; 21,152,013 in favour, 891,753 against.

Dividend

• Dividend on equity shares for FY25-26 proposed/approved; per-share amount not disclosed.

Director Changes

• Prakash Chand Jain – re-appointed as director (Ordinary).
• Gautam Chand Jain – re-appointed as Chairman & Managing Director (Special).
• Rahul Jain – re-appointed as Managing Director (Special).

AGM Details

• 35th AGM held on 27 July 2026 at 11:00 A.M. via VC/OAVM.
• Remote e-voting window: 23 July 2026 9:00 AM to 26 July 2026 5:00 PM.
• Scrutinizer appointed for e-voting.
• Meeting conducted via VC/OAVM in compliance with MCA/SEBI guidelines.

Key Resolutions

• Adoption of standalone financial statements and reports (Ordinary).
• Adoption of consolidated financial statements and reports (Ordinary).
• Dividend declaration: Rs. 0.60 per equity share (30%) (Ordinary).
• Re-appointment of director who retired by rotation (Ordinary).
• Re-appointment of Chairman and Managing Director (Special).
• Re-appointment of Managing Director (Special).

Voting & Results

• Voting results to be announced within two working days; not disclosed here.

Meeting Completion

• Meeting concluded at 12:14 P.M.

AGM Details

• 35th AGM held July 27, 2026 at 11:00 AM IST through VC/OAVM.

Key Resolutions

• Adopt standalone financial statements for year ended 31 March 2026 (ordinary).
• Adopt consolidated financial statements for year ended 31 March 2026 (ordinary).
• Dividend of Rs. 0.60 per equity share declared (ordinary).
• Re-appointment of Prakash Chand Jain as Director (ordinary).
• Re-appointment of Gautam Chand Jain as Chairman & MD (special).
• Re-appointment of Rahul Jain as Managing Director (special).

Voting Results

• Results of remote e-voting and AGM to be announced within two working days.
• Results will be posted on BSE/NSE websites and company portal.

Dividend

• Dividend per share Rs 0.60 approved/declared.

Director Changes

• Re-appointments of Prakash Chand Jain, Gautam Chand Jain, and Rahul Jain approved (two special).

Auditors

• No auditor appointment changes announced; Statutory Auditor attended AGM.

Material Related Party Transactions

• No material RPTs disclosed at AGM.