Puravankara Ltd

Puravankara Ltd has announced the completion of the transfer of its entire 100% equity shareholding in its wholly-owned subsidiary, Purva Ruby Properties Private Limited, to Prishal Office Parks III Private Limited. The transaction, valued at an estimated ₹145 crore, was finalized on September 30, 2026. Following this divestment, Purva Ruby Properties Private Limited is no longer a subsidiary of Puravankara Ltd. The subsidiary contributed 1.06% to Puravankara's turnover in the last financial year, with a negative net worth. The buyer, Prishal Office Parks III Private Limited, is managed by ICICI Prudential Asset Management Company Limited and is not part of Puravankara's promoter or group companies. This transaction does not fall under related party transactions and is compliant with relevant SEBI regulations.

Puravankara Limited conducted its 40th Annual General Meeting (AGM) on September 25, 2026, via Video Conferencing. The meeting, which lasted from 2:00 PM to 2:55 PM IST, transacted business as per the notice dated August 14, 2026. Key agenda items included the adoption of audited standalone and consolidated financial statements for FY26, the re-appointment of a director retiring by rotation, and the ratification of remuneration for the Cost Auditor for FY27. The Chairman noted that the auditors' reports contained no adverse remarks. Voting results and the scrutinizer's report were made available on the company's and NSDL's websites.

Puravankara Limited has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in effect to prevent insider trading during the period leading up to the declaration of un-audited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. The trading window will reopen 48 hours after the financial results are officially announced. The company emphasizes that this restriction applies to all forms of trading, including dealings through Portfolio Management Schemes and the pledging of securities.

Puravankara Limited has announced its entry into the Delhi-NCR real estate market by acquiring a 13.44-acre land parcel in Greater Noida through its subsidiary, Prudential Housing and Infrastructure Development Limited. The project has a saleable area of approximately 4.57 million sq. ft. and an estimated Gross Development Value (GDV) of Rs 5,200 crore. This strategic expansion into a high-growth market is a significant step in Puravankara's growth strategy. The company aims to leverage its brand and experience to develop a strong presence in the region, which benefits from improving infrastructure and economic activity, including the upcoming Noida International Airport.

Puravankara Limited, through its wholly-owned subsidiary Provident Housing Limited, has launched Phase 6 of its existing residential project, 'PROVIDENT EQUINOX 6', located in Bengaluru, Karnataka. This new phase is registered with the Karnataka Real Estate Regulatory Authority. The launch is part of the company's ongoing business operations and targets the domestic market. This expansion signifies continued development and sales momentum for the company's real estate portfolio.

Puravankara Ltd has issued a corrigendum to its Annual Report for the financial year 2025-26. The corrections address inadvertent typographical, non-material, and non-financial errors. Key changes include reclassifying KVN Property Holdings LLP and Provident White Oaks LLP from 'Associate' to 'Subsidiary' in the BRSR, adding NBD Office Park LLP as a subsidiary, and clarifying the subsidiary count in the Board's Report to exclude two Sri Lankan subsidiaries. Additionally, a page number reference for financial statements was corrected. The company emphasized that these changes do not impact the financial statements. An updated Annual Report is available on the company's website and NSDL.

Puravankara Ltd issued a corrigendum to its Annual Report for the financial year 2025-26, citing inadvertent typographical non-material and non-financial errors. Key corrections include reclassifying KVN Property Holdings LLP and Provident White Oaks LLP from 'Associate' to 'Subsidiary' in the Business Responsibility and Sustainability Report (BRSR). The company also added NBD Office Park LLP as a new subsidiary in the BRSR. Additionally, the Board's Report was corrected to clarify the number of subsidiary entities, specifically excluding two Sri Lanka subsidiaries from the count, and a page number reference for financial statements was updated. The company emphasized that these changes are non-material and do not impact the financial statements. An updated Annual Report has been made available.

Puravankara Ltd has filed a corrigendum to its Annual Report for the financial year 2025-26, addressing several non-material and non-financial typographical errors. These corrections include reclassifying two subsidiaries (KVN Property Holdings LLP and Provident White Oaks LLP) from 'Associate' to 'Subsidiary', adding details for a new subsidiary (NBD Office Park LLP), and amending a statement regarding the number of subsidiaries. Additionally, a page number reference in the report has been corrected. The company emphasizes that these changes do not impact the financial statements.

Puravankara Limited has secured redevelopment rights for three residential societies in Goregaon West, Mumbai, spanning 4.68 acres. The project has a developable potential of 1.05 million sq. ft. and an estimated Gross Development Value (GDV) of ₹2,600 crore. This marks Puravankara's eighth redevelopment project in Mumbai, reinforcing its strategy in the city's redevelopment market. The company sees significant opportunity in scaling its redevelopment platform in Mumbai, aiming for long-term value creation through disciplined capital allocation and strong execution. This project adds to Puravankara's existing redevelopment portfolio in Mumbai, which now represents a potential GDV of approximately ₹17,500 crore.

Puravankara Ltd has provided a Corporate Guarantee of ₹80 crore on behalf of its wholly-owned subsidiary, Purva Blue Agate Private Limited. This guarantee supports the issuance of Non-Convertible Debentures (NCDs) by the subsidiary in favor of Catalyst Trusteeship Limited. The NCDs are senior, secured, unrated, and unlisted. Puravankara has stated that this guarantee represents a contingent liability with no immediate impact on the company, as the subsidiary is part of the consolidated group.