Puravankara Ltd

Puravankara Limited has announced a 30-day extension for the closure of a transaction, citing ongoing execution of CP documents. The original closure was expected within 45 days of board approval, with the Share Purchase Agreement signed on June 30, 2026, and other documents on July 06, 2026. The estimated sale value is ₹145 crore. The transaction involves Purva Ruby Properties Private Limited, whose net worth is negative. The buyers are Prishal Office Parks II Private Limited, managed by ICICI Prudential Office Yield Optimiser Fund-AIF II, and are not related to the promoter group.

Puravankara Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item is to consider and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the limited review report. The company has also informed that the trading window for designated persons and their immediate relatives will remain closed from July 1, 2026, to August 16, 2026, in compliance with SEBI regulations.

Puravankara Ltd has provided a corporate guarantee of ₹211,56,08,377 for its wholly-owned subsidiary, Purva Oak Private Limited. This guarantee supports the issuance of Non-Convertible Debentures (NCDs) amounting to ₹145,00,00,000 in favor of Catalyst Trusteeship Limited. The company states that this guarantee represents a contingent liability and currently has no impact on Puravankara Ltd, as the subsidiary is part of the consolidated group. The transaction is disclosed as per SEBI Listing Regulations.

Puravankara Ltd reported a strong operational performance for Q1 FY27, with pre-sales growing 28% year-on-year to ₹1,439 crore. Collections surged 40% YoY to ₹1,199 crore, indicating sustained customer confidence. Sales area increased by 9% to 1.36 million sq ft, and average price realization improved by 18% to ₹10,589 per sq ft. The company also handed over 0.94 million sq ft, comprising 745 homes. Additionally, Puravankara entered into a definitive agreement to sell its commercial property, Purva Zentech, to ICICI Prudential AMC for an enterprise value of ₹625.94 crore. The company announced four new land acquisitions totaling ₹5,200 crore in Gross Development Value (GDV), strengthening its project pipeline and reaffirming its FY27 sales guidance of ₹11,200 crore.

Puravankara Limited has announced the completion of connected transaction documents for the sale of its entire 100% stake in its wholly-owned subsidiary, Purva Ruby Properties Private Limited, to Prishal Office Parks III Private Limited. The Share Purchase Agreement was signed on June 30, 2026, with other connected documents finalized on July 06, 2026. The estimated sale value is ₹145 crore. Purva Ruby Properties contributed 1.06% to Puravankara's turnover in the last financial year, with a negative net worth. The buyer is an ICICI Prudential fund, not related to Puravankara's promoter group. This transaction is outside the Scheme of Arrangement.

Puravankara Ltd has issued a revised intimation regarding the appointment of Mr. Amit Narain Ahuja as the Chief Risk Officer and Senior Managerial Personnel (SMP) of the Company. The appointment is effective from May 18, 2026. This clarification corrects a previous inadvertent mention of May 04, 2026 as the effective date. Mr. Ahuja brings over 26 years of leadership experience in risk and control functions, with a background as a Chartered Accountant and Certified Sarbanes-Oxley Expert, having worked with major financial institutions.

Puravankara Ltd has announced a Joint Development Agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project is estimated to have a Gross Development Value (GDV) of ₹1,000 crore and a saleable area of approximately 0.8 million sq ft, to be developed as a residential community. This acquisition strengthens Puravankara's development pipeline in Bengaluru, contributing to a total potential GDV of ₹5,200 crore from acquisitions and JDAs in Q1 FY27. The company has announced four land transactions in Q1 FY27, spanning 41.93 acres with a cumulative GDV of ₹5,200 crore, reflecting strong business development momentum.

Puravankara Ltd announced the sale and transfer of its entire 100% paid-up equity shareholding in its wholly-owned subsidiary, Purva Ruby Properties Private Limited, to Prishal Office Parks III Private Limited. The transaction is valued at ₹145 crore. Purva Ruby Properties contributed 1.06% to Puravankara's turnover in the last financial year, with a negative net worth. The Share Purchase Agreement is expected to be executed within 45 days of the board approval. Upon completion, Purva Ruby Properties will cease to be a subsidiary of Puravankara Ltd. The buyer, Prishal Office Parks III Private Limited, is managed by ICICI Prudential Asset Management Company Limited.

Puravankara Ltd has approved the sale and 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 is valued at ₹145 crore. Purva Ruby Properties Private Limited will cease to be a subsidiary upon completion. The Share Purchase Agreement (SPA) is expected to be executed within 45 days. Purva Ruby Properties contributed 1.06% to Puravankara's turnover in the last financial year, with a negative net worth. The buyer is an ICICI Prudential fund, not related to Puravankara's promoter group.

Puravankara Limited has announced the closure of its trading window for designated persons and their relatives. This closure is in anticipation of the declaration of un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. The trading window will commence on Wednesday, July 01, 2026, and will reopen 48 hours after the financial results are declared. During this period, designated persons and their immediate relatives are prohibited from trading in the company's securities, including through Portfolio Management Schemes or by pledging securities for margin obligations.