Puravankara Ltd has appointed Mr. Amit Narain Ahuja as its Chief Risk Officer, designated as a Senior Managerial Personnel (SMP), effective May 18, 2026. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee during a meeting held on the same date. This move strengthens the company's leadership structure with a focus on risk management and control functions.

The appointment follows a revised intimation submitted to the exchanges, correcting an earlier filing that had inadvertently stated the effective date as May 04, 2026. The company clarified that while the offer letter was issued on May 04, the actual approval by the Board and the committee occurred on May 18, 2026. The disclosure was made in compliance with Regulation 30 and 33 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Amit Narain Ahuja brings over 26 years of distinguished leadership experience to the role. He is a Chartered Accountant and a Certified Sarbanes-Oxley Expert. Throughout his career, he has built and led risk and control functions across India, Asia, and international markets, working with prestigious institutions such as Wells Fargo, JP Morgan Chase, KPMG, Deloitte, and Ernst & Young.

The Board meeting also addressed other regulatory matters, including the re-appointment of M/s. GNV & Associates as the Cost Auditor for the financial year 2026-27, subject to shareholder ratification. The meeting commenced at 03:30 P.M. IST and concluded at 07:00 P.M. IST.

Key Appointment Details

Puravankara Limited has entered into a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. The project, located in Kaggalipura Village, will be developed as a residential community with a saleable area of approximately 0.8 msft. This strategic addition increases the company's total potential GDV from land acquisitions and JDAs in Q1FY27 to Rs 5,200 crore.

Strategic Expansion in Bengaluru

The site is positioned for growth due to its connectivity via Sarjapur Road, the Outer Ring Road, and proximity to the Electronic City technology corridor. Ashish Puravankara, Managing Director, Puravankara Limited, stated that the move reinforces the company's commitment to high-potential urban corridors backed by infrastructure and employment density.

Q1FY27 Land Transactions

Mallanna Sasalu, CEO, Puravankara Limited, highlighted that the company announced four land transactions in Q1FY27, spanning approximately 41.93 acres. These deals carry a cumulative development potential of around 4.23 msft and a total estimated GDV of Rs 5,200 crore. The following table summarises the key metrics from these transactions:

Operational Overview

As of March 31, 2026, Puravankara has completed 95 projects totalling approximately 57 msft across nine cities. The company's ongoing projects amount to 36.69 msft, with a total land bank of approximately 40 msft.