Pokarna Limited's Board of Directors has approved the re-appointment of two senior executives for extended five-year terms, reinforcing leadership continuity at the natural stone and engineered surfaces company. The decision was announced following a board meeting held on April 29, 2026.

Leadership Re-appointments Approved

The board, acting on recommendations from the Nomination and Remuneration Committee, approved two significant re-appointments that will shape the company's leadership structure through 2031.

Both re-appointments are subject to shareholder approval, which will be sought at the ensuing Annual General Meeting.

Executive Profiles and Experience

Mr. Rahul Jain brings over two decades of experience in industry, business and corporate management. A graduate from University of Michigan, Ann Arbor, USA, he possesses expertise in Marketing, Corporate Planning, General Corporate Management, and Information Technology. He has been instrumental in spearheading Pokarna's apparel business since its inception and played a key role in launching the company's retail venture under the STANZA brand. Under his leadership, the company won prestigious awards including the "Best Brand" award by Bharati Vidyapeth Institute of Management studies, the 2nd FMCG Consumers Award, and "Brand Excellence Award" by Indira group of Institutes. Currently, he heads the Granite Division and is actively involved in policy planning, strategizing, marketing and long-term developmental activities.

Mr. Gautam Chand Jain, the Chief Promoter of Pokarna, began his career in 1979-80 in the family business of retailing and wholesaling Raymond fabrics, where he became one of the company's top distributors in India. In 1991, he diversified into the natural stone industry, pioneering a backward-integrated model starting with granite quarrying operations before moving into processing. Under his leadership, Pokarna emerged as a leading exporter of high-quality granite with strong acceptance in international markets, particularly the United States. He further led the company's diversification into apparel manufacturing in 2003-04 under the brand STANZA and conceptualized Pokarna's entry into engineered quartz surfaces in 2006, establishing a state-of-the-art manufacturing facility in Andhra Pradesh using Breton technology with products marketed under the QUANTRA brand. Mr. Jain is widely recognized for his strategic vision, innovation, and role in positioning Pokarna as a globally competitive player in the stone and engineered surfaces industry.

Family Relationships and Governance

The re-appointed executives share family relationships within the company structure:

Regulatory Compliance

Pursuant to BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018, the company confirmed that both directors have not been debarred from holding the office of Director by virtue of any order from SEBI or any other authority. The board meeting commenced at 11:00 A.M. and concluded at 12:30 P.M. on April 29, 2026.

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, with detailed disclosures provided to BSE Limited and National Stock Exchange of India Limited.

Pokarna Limited has formally disclosed to stock exchanges that it does not qualify as a Large Corporate under the SEBI regulatory framework as of March 31, 2026. The disclosure was submitted to both BSE Limited and National Stock Exchange of India pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Regulatory Compliance Disclosure

The company submitted its initial disclosure on April 15, 2026, confirming its non-applicability under the Large Corporate criteria. This disclosure is mandatory under the SEBI framework and must be submitted within 30 days from the beginning of the financial year.

Financial Position and Credit Rating

As part of the disclosure requirements, Pokarna Limited provided key financial and operational details:

The company maintains a stable credit rating of CRISIL A-/Stable, which was the highest credit rating during the previous financial year.

SEBI Framework Implications

Under the SEBI operational circular dated August 10, 2021, entities identified as Large Corporates are subject to specific borrowing requirements through debt securities. In case of shortfall in mandatory borrowing through debt markets, a fine of 0.20% of the shortfall is levied by stock exchanges at the end of the two-year block period.

Pokarna Limited has designated BSE as the stock exchange to which it would pay any fine in case of shortfall in mandatory borrowing requirements, though this is not applicable given its non-Large Corporate status.

Corporate Authorization

The disclosure was duly authorized and digitally signed by M. Viswanatha Reddy, Chief Financial Officer, and Pratima Gulankar, Company Secretary and Compliance Officer, ensuring proper corporate governance compliance.

The company's registered and corporate office is located at Surya Towers, 105, Sardar Patel Road, Secunderabad 500 003, Telangana, India. This regulatory filing demonstrates Pokarna Limited's commitment to maintaining transparency and compliance with SEBI regulations.