Puravankara Limited expects the sale of its subsidiary, Purva Ruby Properties Private Limited, to close within 30 days from August 11, 2026, as it completes the execution of connected property documents. The transaction, valued at an estimated ₹ 145,00,00,000, marks a strategic divestment for the real estate developer, with the buyer identified as Prishal Office Parks III Private Limited, a vehicle owned by ICICI Prudential Office Yield Optimiser Fund – AIF II. This disposal does not require shareholder approval under Section 180(1)(a) of the Companies Act 2013, as the entity is not classified as an undertaking under that provision.

The company disclosed the timeline extension in a filing submitted to the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 11, 2026, citing ongoing execution of connected property (CP) documents. The Share Purchase Agreement was signed on June 30, 2026, within 45 days of Board approval, while other connected documents were completed on July 06, 2026. The filing references Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023, and last updated on January 30, 2026.

Transaction Details

The buyer, Prishal Office Parks III Private Limited, is owned by ICICI Prudential Office Yield Optimiser Fund – AIF II, a Category II Alternative Investment Fund managed by ICICI Prudential Asset Management Company Limited. Puravankara confirmed that the buyers do not belong to the promoter, promoter group, or group companies, ensuring the transaction is conducted at arm’s length. Sudip Chatterjee, Company Secretary & Compliance Officer (ICSI Membership No.: F11373), signed the intimation on behalf of the company.

Financial Impact

In the last financial year, Purva Ruby Properties Private Limited reported a turnover of ₹25,38,89,035, contributing 1.06% to Puravankara Limited’s total turnover of ₹ 2399,01,37,354. The net worth of Purva Ruby Properties was negative, resulting in a nil contribution to the parent company’s net worth. The disposal aligns with the company’s strategy to streamline its portfolio, though the financial impact remains marginal relative to the consolidated revenue base.

What the Numbers Show

The transaction highlights a modest revenue contribution from the divested unit, with Purva Ruby Properties accounting for just over 1% of the parent’s total turnover. The negative net worth of the subsidiary suggests that the sale may primarily serve strategic or balance-sheet optimization purposes rather than immediate profit generation. The involvement of an institutional investor like ICICI Prudential indicates market confidence in the underlying asset’s yield potential, despite the subsidiary’s current financial position.

Puravankara Limited will host an earnings conference call on Monday, August 17, 2026, at 10:30 AM IST to present and discuss its un-audited financial results (standalone and consolidated) along with the limited review report for the quarter ended June 30, 2026. The announcement was made in compliance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The conference call aims to provide clarity on the company’s performance in Q1FY27. Management will address analyst and investor queries regarding the financial outcomes and operational updates. The company has invited participants to pre-register via a DiamondPass link to avoid waiting queues during the live session.

Key Executives Participating

The following senior management members are scheduled to lead the discussion:

Dial-In Details

Investors and analysts can join the conference call using the provided dial-in numbers. The company has listed universal access numbers for domestic participants and international toll-free numbers for global stakeholders.

For further assistance, Savita Singh, VP - Corporate Access at Dolat Capital Market Private Limited, is available as the point of contact. The notice was signed by Sudip Chatterjee, Company Secretary & Compliance Officer, on August 07, 2026.