Pokarna Limited has informed the Exchange about General Updates
POKARNA · price
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Awaiting price reaction for this filing.
Pokarna Limited has informed the exchanges that it received an Income Tax Assessment Order dated February 25, 2026, for Assessment Year 2024-25, passed under Section 143(3) read with Section 144B of the Income-tax Act, 1961. The Income Tax Department has raised a total demand of Rs. 1.28 crore (including interest) on the company, arising from certain additions proposed by the assessing officer to the returned income. The company, based on advice from its tax advisors, believes the demand is not maintainable and is in the process of filing an appeal. Pokarna has stated there is no immediate impact on its financials, operations, or other activities from this order.
The Rs. 1.28 crore tax demand is relatively small and the company is contesting it, so near-term impact is expected to be limited. Investors should track the appeal outcome, as a unfavorable ruling could affect future earnings.