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

Puravankara Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a standalone net loss of Rs. 198.75 Cr for the year ended March 31, 2025, compared to a profit of Rs. 33.54 Cr previously. Consolidated net loss stood at Rs. 182.92 Cr versus a Rs. 42.00 Cr profit last year, impacted by higher subcontractor, land acquisition, finance costs, and impairment losses. The company acquired controlling stakes in Sobha Puravankara Aviation Pvt Ltd and NBD Office Parks LLP, making them subsidiaries. Subsidiaries issued debentures worth Rs. 494 Cr listed on BSE. Legal proceedings on deposits, advances, inventories, and taxes are ongoing, but management expects recoveries and made no provisions. Appointments of secretarial, cost, and internal auditors were approved, with auditors giving unmodified opinions.