Puravankara Limited — Others, 07-01-2025: Appointment

Puravankara Limited has announced a board meeting where Mr. Deepak Rastogi will be appointed as the Group CFO, effective from 15th January 2025. Rastogi, with 32 years of diversified experience, previously served as President & Group CFO at Deepak Fertilisers and brings significant expertise in strategic planning and investor relations. Additionally, the board approved the acquisition of remaining shares in Sobha Puravankara Aviation Private Limited, expected to complete within three months, resulting in SPAL becoming a wholly-owned subsidiary. This leadership change and strategic acquisition signal a positive outlook for the company, potentially strengthening its operational capabilities and market position.