Summary
Pokarna Ltd. (Erstwhile Pokarna Granites Ltd.), established in 1991, is a Hyderabad-based Company promoted by K.Gautam Chand Jain and K. Prakash Chand Jain. The Company is principally engaged in the business of quarrying, manufacturing & processing and selling of Granite & selling of Apparel under the brand name Stanza. Granite manufacturing & processing units are 100% EOUs. During 2000-01, the company purchased the assets of Laxmi Granites Limited from Financial Institutions (IDBI, IIBI & SBT) at a price of Rs.752.58 lakhs. With this acquisation the capacity is increased by 80000 Sqmt slabs, and the total capacity stands at 167500 sqmt. The installed capacity was enhanced to 300000 Sq Mtrs in 2002-03.The Companys Apparels Division commenced its commercial production on 25.03.2004. The Company opened exclusive STANZA shops (franchisee and self managed) in Secunderabad, Chandigarh, Pune in financial year 2007-2008.During FY 2008-09, the Board through a resolution dated 15th September, 2008 and Members of Company through a Court Convened Meeting dated 8th February, 2009 had approved the Scheme of Arrangement between Company and Pokarna Engineered Stone Limited (PESL) a wholly owned subsidiary of the Company, which, interalia, provided for transfer and vesting of Engineered Stone Division of the Company to PESL. Accordingly, the assets and liabilities in relation to said Engineered Stone Division were transferred to PESL w.e.f. 1st July, 2007. For the period between Appointed... Read More
Reports by Pokarna Ltd
Reports by Pokarna Ltd