Puravankara Limited Submits Q4 FY26 Demat Confirmation Certificate to Stock Exchanges

1 min read     Updated on 07 Apr 2026, 01:15 PM
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Puravankara Limited submitted confirmation certificate from RTA regarding demat of share certificates for Q4 FY26 to BSE and NSE on April 07, 2026. MUFG Intime India Private Limited confirmed compliance with SEBI regulations for dematerialization processes during quarter ended March 31, 2026. The submission demonstrates company's adherence to regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

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Puravankara Limited has submitted its quarterly confirmation certificate regarding dematerialization of share certificates to the stock exchanges for the quarter ended March 31, 2026. The submission was made on April 07, 2026, in compliance with regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company filed the confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with both major stock exchanges where its shares are listed. The document was addressed to the listing departments of BSE Limited and National Stock Exchange of India Limited.

Exchange Details: Information
BSE Stock Code: 532891
NSE Stock Code: PURVA
Submission Date: April 07, 2026
Quarter Covered: Q4 FY26 (ended March 31, 2026)

RTA Confirmation Details

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Transfer Agent, issued the confirmation certificate on April 3, 2026. The RTA confirmed compliance with all prescribed procedures for dematerialization activities during the quarter.

Key confirmations provided by the RTA include:

  • Securities received from depository participants for dematerialization were properly confirmed to depositories
  • All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
  • Security certificates received for dematerialization were confirmed or rejected within prescribed timelines
  • Physical certificates were mutilated and cancelled after due verification by depository participants
  • Depository names were substituted in the register of members as registered owners

Corporate Governance

The submission was signed by Sudip Chatterjee, Company Secretary and Compliance Officer of Puravankara Limited (Membership No.: F 11373), demonstrating the company's commitment to regulatory compliance and corporate governance standards. The RTA confirmation was signed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited.

This quarterly submission represents part of the company's ongoing compliance with SEBI regulations governing depositories and participants, ensuring transparency in share dematerialization processes and maintaining accurate records for investor protection.

Historical Stock Returns for Puravankara

1 Day5 Days1 Month6 Months1 Year5 Years
+10.62%+22.17%+12.39%-13.60%-3.45%+219.99%

Will Puravankara's consistent regulatory compliance improve its ESG ratings and attract more institutional investors in FY27?

How might the transition from Link Intime to MUFG Intime as RTA impact Puravankara's shareholder services and operational efficiency?

Could Puravankara's strong governance practices position it favorably for potential inclusion in SEBI's upcoming regulatory reforms for listed companies?

Puravankara Limited Receives Income Tax Demand Notices Worth Rs 51.87 Crores for FY 2016-17 and 2017-18

1 min read     Updated on 02 Apr 2026, 07:03 AM
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Puravankara Limited has received income tax demand notices totaling Rs 51.87 crores for assessment years 2016-17 and 2017-18 from the Deputy Commissioner of Income Tax, Bengaluru. The demands comprise Rs 39.34 crores for 2016-17 due to disallowance of expenses and notional additions, and Rs 12.53 crores for 2017-18 due to expense disallowances and denial of indexation benefits. The company plans to file appeals and believes it has strong grounds to contest the orders.

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Puravankara Limited has informed stock exchanges about receiving income tax demand notices totaling Rs 51.87 crores for assessment years 2016-17 and 2017-18. The real estate developer disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Income Tax Demand Details

The company received demand notices under Section 156 of the Income Tax Act from the Deputy Commissioner of Income Tax, Central Circle -1(2), Bengaluru. The notices were received on March 31, 2026, following assessment orders under Section 147 read with Section 143(3).

Assessment Year Demand Amount Authority
2016-17 Rs 39.34 Crores Deputy Commissioner of Income Tax, Central Circle -1(2), Bengaluru
2017-18 Rs 12.53 Crores Deputy Commissioner of Income Tax, Central Circle -1(2), Bengaluru
Total Rs 51.87 Crores

Nature of Tax Disputes

For assessment year 2016-17, the demand of Rs 39.34 crores arose due to disallowance of certain expenses and certain additions on notional basis. The assessment year 2017-18 demand of Rs 12.53 crores resulted from disallowance of certain expenses and denial of indexation for the cost of acquisition of shares.

Company's Response Strategy

Puravankara Limited has outlined its response to the income tax demands:

  • The company is in the process of filing an appeal before the Commissioner of Income Tax (Appeals) against the said orders within prescribed timelines
  • Management believes it has strong legal and factual grounds to support its case
  • The company is assessing the implications of these orders on its financial statements
  • There is no impact on operations or other activities

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III of SEBI Listing Regulations and 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. Company Secretary and Compliance Officer Sudip Chatterjee signed the intimation letter dated April 1, 2026.

The company has informed both BSE Limited and National Stock Exchange of India Limited about these developments as part of its ongoing disclosure obligations to keep investors informed about material events.

Historical Stock Returns for Puravankara

1 Day5 Days1 Month6 Months1 Year5 Years
+10.62%+22.17%+12.39%-13.60%-3.45%+219.99%

How might this Rs 51.87 crore tax demand impact Puravankara's cash flow and upcoming project funding plans?

What precedent do similar real estate tax disputes set for the likelihood of Puravankara's appeal success?

Could this tax scrutiny signal broader regulatory challenges for other real estate developers in similar expense structures?

More News on Puravankara

1 Year Returns:-3.45%