Pokarna Limited's Board Recommends Final Dividend for the Financial Year Ended March, 31, 2018
May 28, 2018 at 10:26 am EDT
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The Board of Directors of Pokarna Limited at its meeting held 28th May, 2018 has recommended the final dividend of INR 0.60/- per share (that is 30%) equity share of the Company (face value of each share is INR 2/-) for the financial year ended March, 31, 2018, which is subject to the approval of shareholders in the ensuing annual general meeting of the Company, which will be held on or before September 30th, 2018.
Pokarna Limited is an India-based company, which is principally engaged in the business of quarrying, manufacturing and processing and selling of granite and manufacturing and selling of apparel under the brand name Stanza. The Company's quarries produce colors, which include Acacia, Black Galaxy, Coffee Brown, Flash Blue, Pokarna Green, Sapphire Blue, Seaweed Green, Silver Pearl and Vizag Blue. Its color palette includes over 75 varieties of granite sourced within India in addition to Saudi Arabia and Iran. Its product range includes an array of random slabs, tiles and cultosize. The Companyâs residential project includes UB City, Bangalore; Prestige Golfshire Villas, and Tidel Park. Its commercial projects include Marriott Hotels and Marriott Countyard. The Company also has a retail division for the STANZA brand and produces clothing under that name. The Company has two manufacturing facilities in Telangana and Andhra Pradesh.