Puravankara Limited — Others, 30-05-2025: Appointment

Puravankara Limited has announced a board meeting on 30th May 2025, approving the financial results for the quarter and financial year ended March 31, 2025. The company posted a standalone net loss of Rs. 198.75 Cr, affected by exceptional losses of Rs. 33.33 Cr after acquiring controlling stakes in Pune Projects LLP and Sobha Puravankara Aviation Pvt Ltd. Consolidated net loss was Rs. 182.92 Cr due to higher expenses including finance costs and land purchases. Despite ongoing legal and tax disputes related to land titles, management expects no significant impact on recoverability or operations. The board approved new appointments for secretarial, cost, and internal auditors. The company’s subsidiaries continue raising funds via debentures aggregating Rs. 494 Cr listed on BSE.