Kanchi Karpooram Limited has completed the publication of newspaper advertisements confirming the dispatch of its postal ballot notice, following its comprehensive board meeting held on April 4, 2026. The company seeks shareholder approval for significant alterations to its Memorandum of Association to expand beyond traditional camphor manufacturing into religious products and digital commerce operations.

Regulatory Compliance and Publication Process

On April 10, 2026, the company fulfilled its regulatory obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing newspaper advertisements in Trinity Mirror (English edition) and Makkal Kural (Tamil edition). The advertisements confirmed the dispatch of the postal ballot notice on April 10, 2026, to shareholders whose email addresses are registered with the company or depositories.

Board Meeting and Postal Ballot Timeline

The board meeting, conducted from 11:15 AM to 11:45 AM on April 4, 2026, approved the postal ballot process for proposed alterations to Clause III (A) - Object Clause of the Memorandum of Association. The company has established a structured timeline for shareholder participation through remote e-voting.

Proposed Business Expansion Strategy

The special resolution seeks to insert four new sub-clauses (3 to 6) after the existing two Main Object Clauses in the Memorandum of Association. These additions represent a strategic shift from primarily B2B operations to include B2C and retail markets.

New Business Objectives

Strategic Rationale and Market Opportunity

According to the explanatory statement, the company's expansion is driven by a paradigm shift in consumer purchasing patterns and increasing reliance on digital platforms. The Board of Directors identified significant structural growth in the religious products market, increasing formalization of traditional sectors, and rapid expansion of e-commerce channels in India as key drivers for this strategic diversification.

E-voting Process and Infrastructure

The company has engaged Central Depository Services Limited (CDSL) to provide remote e-voting facility to shareholders. The postal ballot notice complies with General Circular No. 03/2025 dated September 22, 2025, and will be distributed only through email to registered shareholders. Mr. Lovelish Lodha N, Practicing Company Secretary, has been appointed as the Scrutinizer for conducting the postal ballot process.

The resolution requires approval as a special resolution, and if passed with requisite majority, shall be deemed effective from the last date of e-voting period, May 10, 2026. The company has committed to filing requisite forms with the Registrar of Companies and intimating the stock exchange upon approval.

Kanchi Karpooram Limited has disclosed receiving a significant GST demand order from tax authorities, confirming liabilities totaling over Rs 90 lakh including penalties for the period spanning 2019-20 to 2023-24.

GST Order Details

The company received an order dated 27/03/2026 from the Office of the Assistant Commissioner of GST & Central Excise, Maraimalai Nagar Division, Chennai. The order was communicated via email on 27/03/2026 at 7:14 PM.

Nature of GST Compliance Issues

The Assistant Commissioner's order addresses multiple GST compliance matters across several financial years:

• Ineligible Input Tax Credit (ITC) availed during 2019-20 to 2023-24
• ITC not reversed for credit notes issued
• Ineligible ITC availed on rent paid under Reverse Charge Mechanism (RCM) for 2021-22 and 2022-23
• Non-payment of tax for supply of rental services for 2021-22 and 2022-23
• Non-reversal of ITC taken from 2019-20 to 2023-24
• Non-payment of tax on invoices reflected in GSTR-2A for the period 2019-20 to 2023-24

Company's Response and Next Steps

Kanchi Karpooram Limited has indicated that there is no financial impact at this stage. The company is currently evaluating legal advice on the implications of the order and plans to pursue appropriate remedial measures.

Planned Actions:

• Pursue an appeal with Joint/Additional Commissioner (Appeals II)
• Evaluate other legal options against the order
• Make appropriate disclosures in financial statements if required

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's previous communication dated 24/09/2025 regarding ongoing litigations and quarterly updates on legal matters.

The company has provided comprehensive details as required under SEBI regulations, including the nature of communication received, expected financial implications, and actions being taken in response to the GST order.