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Pokarna Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 2ISIN Demat: INE637C01025
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Business Profile
Pokarna (POKARNA) is a company engaged in the manufacture of granite. It was founded in 1991.

The company produces granite in slabs and tiles with finishes like polished, honed, flamed, brushed, silk, and bush hammered. The granite is sourced from its own quarries and from the different parts of India, Saudi Arabia and Iran. Rough blocks and cut-to-size granite is offered in over 75 colors like Acacia, Black Galaxy, Coffee Brown, Flash Blue, Pokarna Green, Sapphire Blue, Seaweed Green, Silver Pearl and several other new colors.

Pokarna has two state-of-the-art manufacturing facilities and own quarries in Andhra Pradesh. It has supplied products to some prestigious projects like Reliant NFL Stadium in Houston, USA; Radisson Hotel in Flint, Michigan, USA; Buckhead Village, Atlanta, Georgia, USA; Tidel Park, Chennai, India; and Amaravati Buddhist Museum, Guntur, India.

The company was conferred the First Prize for being the Fastest and Largest Growing Company in Granite Sector by Construction World for the year 2004-2005 and the Rocky award for print advertising from the Marble Institute of America for the year 2005. The company is the largest exporter of finished granite in India and one of the largest in Asia with exports to over 12 countries globally across Europe, Middle East and predominantly North America.

The registered office of the company is located at 1st Floor, Surya Towers, 105, Sardar Patel Road, Secunderabad-500003, Andhra Pradesh.

The company reported fall of 2.31% in standalone net profit on y-o-y basis to Rs 40.95 million, while total income declined 13.01% y-o-y basis to Rs 431.99 million for the quarter ended September 2016.

Recent Developments
Pokarna, one of the largest exporters of finished granite and engineered stone in India with exports to more than 50 countries globally, announced that its 100% subsidiary, Pokarna Engineered Stone (PESL) has appointed Dekker Zevenhuizen B.V as its distributor for Benelux Market (Belgium, Netherlands and Luxemburg).

Pokarna announced that, the company issued zero coupon Foreign Currency Convertible Bonds (FCCBs) aggregating to USD 12 millions in March 2007 which was due for redemption on Mar. 29, 2012.

Pokarna announced that it has paid a negotiated price of USD of 2.405 to redeem 3700 units constituting a total face value of USD 3.7 million by remitting the consideration to the Bondholder in pursuance to their letter dated Dec. 28, 2012.

Future Plans
The company has signed a contract with BRETON S.p.A of Italy for plant and technology to produce compound stone, engineered stone and quartz surfacing.

In Brief

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