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Pokarna Ltd, an exporter of finished granite and engineered stone, has received approval for listing of its shares on the National Stock Exchange (NSE).
Established in 1991, Pokarna has been listed on the Bombay Stock Exchange (BSE) since 2003.
Following the company’s application, NSE on July 4 approved the listing of the Pokarna’s equity shares under the symbol “POKARNA” and tradeable on the Exchange with effect from July 7 under rolling settlement.
Headquartered in Secunderabad, the company processes granite at its two manufacturing facilities with raw material majorly sourced from its quarries. The company’s Quartz operations are handled by its wholly- owned subsidiary Pokarna Engineered Stone Ltd. Pokarna also manufactures and sells apparels under the brand ‘Stanza’ through its eight retail shops in India.
Gautam Chand Jain, Chairman at Pokarna Ltd said: “The primary purpose of listing the shares on NSE is to provide a bigger platform and further expand our reach amongst investors. It is also reflective of our endeavour to be more investor friendly. Listing of the scrip on BSE and NSE will also ensure better price discovery.”
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