Kanchi Karpooram Limited's Board of Directors held a meeting on April 4, 2026, to deliberate on significant corporate governance matters. The board approved a comprehensive postal ballot process for proposed alterations to the company's foundational documents, specifically targeting the Memorandum of Association to modify its business objectives.

Board Meeting Decisions

The board meeting, which commenced at 11:15 AM and concluded at 11:45 AM, resulted in several key approvals that require shareholder consent through a formal voting process.

Business Objectives Modifications

The proposed changes focus on Clause III (A) - Object Clause of the Memorandum of Association. The alterations involve inserting new sub-clauses 3 to 6 immediately after the existing two Main Object Clauses. These modifications are designed to expand the company's business objectives while ensuring compliance with applicable provisions of the Companies Act, 2013.

Postal Ballot Process

The board approved the postal ballot notice for obtaining shareholders' approval for the aforementioned business objectives changes. The company has established a structured timeline for the voting process, with specific provisions for shareholder participation.

Key Dates and Procedures

The cut-off date of April 8, 2026, will determine which shareholders are eligible to cast votes through remote e-voting and receive postal ballot notices through email communications. This date serves as the record date for establishing voting rights and ensuring proper shareholder participation in the decision-making process.

Regulatory Compliance and Next Steps

The postal ballot notice will be distributed to shareholders in due course, following established corporate governance protocols. The company has committed to filing the notice with the stock exchange and making it available on the company's official website for transparency and accessibility.

The meeting was concluded with Company Secretary K Abirami providing digital authentication of the proceedings, ensuring proper documentation and regulatory compliance for all approved resolutions.

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.