NewsPuravankara Limited Provides Rs 50 Crore Corporate Guarantee to Associate Pune Projects LLPPuravankara Limited Provides Rs 50 Crore Corporate Guarantee to Associate Pune Projects LLP
Puravankara Limited has provided a corporate guarantee of Rs 50,00,00,000 to its associate Pune Projects LLP for credit facilities from RBL Bank Limited. The guarantee, disclosed on March 23, 2026, under SEBI Regulation 30, creates a contingent liability for the company. Promoter groups have no interest in this transaction, and the company reports no current impact from this guarantee arrangement.
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Puravankara Limited has announced the provision of a corporate guarantee worth Rs 50,00,00,000 (Rs 50 crores) to its associate Pune Projects LLP. The guarantee has been provided in favor of RBL Bank Limited to facilitate credit facilities for the associate company.
Regulatory Disclosure Details
The company made this disclosure on March 23, 2026, in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.
Transaction Particulars
The corporate guarantee arrangement involves several key aspects:
| Parameter | Details |
|---|---|
| Guarantee Amount | Rs 50,00,00,000 (Indian Rupees Fifty Crores only) |
| Beneficiary | Pune Projects LLP (Associate of Puravankara Limited) |
| Bank | RBL Bank Limited |
| Purpose | Credit facilities for Pune Projects LLP |
| Document | Supplemental Deed of Guarantee |
Promoter Interest and Arms Length Transaction
Puravankara Limited has clarified that promoter, promoter group, and group companies do not have any interest in this transaction. Only Pune Projects LLP is interested in this transaction, ensuring that the arrangement maintains appropriate corporate governance standards.
Financial Impact Assessment
The corporate guarantee represents a contingent liability for Puravankara Limited. The company has stated that this guarantee has been provided on behalf of its associate, which forms part of the consolidated group. According to the disclosure, there is currently no impact of this guarantee on the company's financial position.
Compliance Framework
The disclosure follows the requirements of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023, and last updated on January 30, 2026. The announcement was signed by Sudip Chatterjee, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with regulatory standards.
Historical Stock Returns for Puravankara
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.39% | -6.40% | -15.10% | -35.49% | -30.60% | +136.51% |
What specific real estate projects is Pune Projects LLP planning to undertake with the Rs 50 crore credit facility from RBL Bank?
How might this guarantee affect Puravankara's credit rating and borrowing capacity for its own future projects?
Will Puravankara consider providing similar guarantees to other associate companies, and what would be the cumulative impact on its balance sheet?
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