Puravankara Limited passed all three ordinary resolutions at its 40th Annual General Meeting (AGM) held on September 25, 2026. The meeting, conducted via Video Conferencing, saw shareholders approve the adoption of FY26 financial statements and the reappointment of Ravi Puravankara.

The AGM commenced at 2:00 pm and concluded at 2:55 pm. Ashish Ravi Puravankara, Managing Director, chaired the meeting as Chairman Ravi Puravankara was unable to attend due to prior commitments. The statutory auditors' reports on standalone and consolidated financial statements for the year ended March 31, 2026, contained no qualifications or adverse remarks.

Voting outcomes

Shareholders voted electronically through remote e-voting and during the meeting. The resolution to adopt the audited standalone and consolidated financial statements received 99.91% votes in favor. Similarly, the reappointment of Ravi Puravankara (DIN: 00707948) as a director retiring by rotation secured 99.91% support.

The ratification of remuneration payable to the cost auditor for FY27 received the highest approval rate, with 99.99% of votes cast in favor. No invalid votes were recorded for any resolution.

Shareholder participation

A total of 44,900 shareholders were on the record date of September 18, 2026. The promoter and promoter group held 17,78,62,264 shares and voted in full support of all resolutions. Public institutions participated with 9,29,842 shares, while public non-institutions voted 11,59,571 shares.

The scrutinizer, Nagendra D Rao, confirmed that the voting process was fair and transparent, conducted in compliance with SEBI listing regulations and the Companies Act, 2013. Results were uploaded to NSDL and the company website.

Puravankara Limited has entered the Delhi-NCR real estate market by securing a 13.44-acre land parcel in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development Limited.

The acquisition, dated September 22, 2026, represents the company's maiden foray into the region and its largest land transaction in FY27 so far. The parcel offers a saleable potential of approximately 4.57 million sq. ft. with an estimated Gross Development Value (GDV) of ₹5,200 crore. At the time of the announcement, Puravankara's market capitalisation stood at ₹5,100 crore.

Strategic Expansion

The move aligns with Puravankara's strategy to expand into high-growth residential markets beyond Southern and Western India. Ashish Puravankara, Managing Director, stated that NCR is one of India's largest and most dynamic real estate markets. He noted that Greater Noida offers scale, infrastructure momentum, and long-term demand.

Rajat Rastogi, CEO-West & Commercial Assets, highlighted the region's infrastructure-led growth and improving connectivity. He emphasized that the project allows Puravankara to establish a presence at a meaningful scale while maintaining disciplined capital deployment.

Pipeline Growth

Including this acquisition, Puravankara's FY27 business development across Delhi-NCR, Mumbai, and Bengaluru spans approximately 10.74 million sq. ft. of saleable area. The total estimated GDV for these developments stands at ₹14,100 crore.

This follows a recent ₹2,600 crore redevelopment win in Goregaon West, Mumbai, underscoring continued momentum in expanding the development pipeline across key markets.

What the Numbers Show

The Greater Noida parcel constitutes approximately 37% of the total estimated GDV across Puravankara's active FY27 development pipeline in Delhi-NCR, Mumbai, and Bengaluru. This concentration highlights the strategic weight of the new geography relative to existing operations in established southern and western markets.

Location Advantages

The land parcel is located in an integrated industrial and urban ecosystem in Greater Noida. The township benefits from access to key regional infrastructure, including the Yamuna Expressway. The development of Noida International Airport at Jewar is expected to further strengthen connectivity and support economic growth across the region.

Puravankara continues to pursue a mix of outright acquisitions, joint development agreements, and other capital-efficient structures to strengthen its pipeline. As of June 30, 2026, the company has completed 97 projects totalling approximately 59 msft across nine cities.