Pokarna Ltd received a demand notice for ₹33.4 crore from Andhra Pradesh's mining department alleging permit misuse and unlawful granite excavation.
The demand comprises ₹4.67 crore in seigniorage fees and ₹27.96 crore in penalties under the APMMC Rules, 1966.
The company is filing an appeal against the notice and states there is no immediate financial or operational impact.