Karam Ceramics : Corporate Briefing for the year ended June 30, 2022.
January 02, 2023 at 03:58 pm IST
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SCHEDULED ON:09/01/2023
AT 11:00 A.M.
CORPORATE BRIEFING SESSION
FOR THE YEAR ENDED JUNE 30, 2022
Agenda of the Session:
About Karam Ceramics Limited
Products Portfolio
Financial Highlights of 2021-22
Financial Highlights of Three Months ended September 31, 2022.
Key Challenges
Q & A Session
About Karam
Karam Ceramics Limited (the Company) was incorporated n Pakistan on April 8, 1979 as a public limited company under the repealed Companies Act, 1913 ( now Companies Act,2017) The shares of the Company are quoted on Pakistan Stock Exchange. The registered office of the Company is situated at present address "A-31, Sindhi Muslim Cooperative Housing Society, Karachi previous address. BC-6, Block 5, Kehkashan , Clifton Karachi, Pakistan and manufacturing facilities of the Company are located at 295/311, Deh halkani, Hub Dam Road ,Manghopir , Karachi. The principal activity of the Company is manufacturing and sale of tiles.
On November 12, 2021 intention for the acquisition of 95.6% shares of the company was made by Swat Ceramics (Private) Limited (SCPL) in accordance with Securities Act2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations,2017 However, the proposed acquisition was changed where by the proposed acquisition was offered by sponsors of SCPL Company rater then the SCPL it self.
On March 04, 2022 the proposed acquirer entered in to an share purchase agreement with the sponsors of the Company for the purchase of 10,613,259 shares which represents 72.95% of the total capital of the Company at a price of Rs 20per ordinary share. Further, a public announcement was made on May 13, 2022 for the purchase of additional 1,967,700 ordinary share which represents 13.52% of the total capital of the Company at a price of
62.77 per ordinary share, out of which 536,813 shares were obtained from minority share holders. The new management has taken over on July 26,2022
New Management has selected bard name ''NOVA"
Why Karam Ceramics Ltd?
We are committed to provide the Best Quality products to our customers.
Company introduced NOVA DRY BOND a thin set of motor for the industrial of Tiles.
Research & development is the backbone of NOVA.
NOVA understands today's fast moving, high-tech world and are dedicated to provide consistent high quality standards to customers. Our employees stay committed to produce and maintain our best quality tiles right from the design conception stage to the production stage.
We are a Public Limited Company listed on Pakistan Stock Exchange.
Karam Ceramics Limited with brand name NOVA is equipped with the latest state of art technology and Machinery to Manufacture Tiles.
Why Karam Ceramics Ltd?
A total Range of 12 Number of design set were launched (3 Tiles per set (a) Light Color
(b) Dark Color (c) Motive was one set
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Karam Ceramics Ltd. published this content on 02 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 January 2023 10:27:05 UTC.
Karam Ceramics Limited is engaged in the manufacturing of ceramic tiles. The principal focus of the Company is to carry on any or all of the business of manufacturers, agents, producers, importers, exporters, wholesalers, retailers, contractors and dealers in ceramics, tiles and others. Its products are categorized by room and by size. The residential room product category includes tiles for bedrooms, bathrooms, kitchen, exterior, lounge, dining room, drawing room, pools and spas. The commercial room category includes tiles for shopping malls, institutions, auditoriums, restaurants and healthcare. The office range of products includes tiles for executive rooms, conference rooms and admin floors. It offers various sizes of wall tiles and floor tiles, including 6x6 inch (in)/15x15 centimeter (cm), 8x8 in/20x20 cm, 8x12 in/20x30 cm, 10x10 in/25x25 cm, 10x13 in/25x33 cm, 12x12 in/30x30 cm and 10x16 in/25x40 cm.
KARAM CERAMICS LIMITED 
