Puravankara Limited has successfully concluded its postal ballot process on March 19, 2026, with shareholders approving two critical resolutions related to the company's leadership structure. The company has formally notified stock exchanges about the shareholder approvals under Regulation 30 of SEBI Listing Regulations.

Postal Ballot Process and Regulatory Compliance

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulations 30 and 44 of the SEBI Listing Regulations. CS Pramod S M from BMP & Co. LLP served as the scrutinizer for the voting process. The record date for determining eligible shareholders was February 06, 2026, with a total of 41,806 shareholders on record.

Resolution 1: Managing Director Re-appointment

The first ordinary resolution concerned the re-appointment of Mr. Ashish Ravi Puravankara (DIN: 00504524) as Managing Director for a period of 5 years commencing from April 01, 2026, till March 31, 2031. This resolution received overwhelming support from shareholders across all categories.

Resolution 2: Remuneration Enhancement

The second special resolution addressed the tenure and enhancement of the overall limit of remuneration payable to Mr. Ashish Ravi Puravankara as Managing Director for a period of 3 years commencing from April 01, 2026, till March 31, 2029. This resolution garnered even stronger support from shareholders.

Managing Director Profile and Leadership

Mr. Ashish Ravi Puravankara oversees the entire business operations and has played a vital role in ensuring superior construction quality by leveraging innovative technologies. Under his leadership, Puravankara has completed several residential and commercial projects across nine cities including Bengaluru, Mumbai, Pune, Goa, Hyderabad, Chennai, Kochi, Coimbatore, and Mangaluru.

Regulatory Disclosure and Implementation

The company has filed the requisite disclosures with stock exchanges under Regulation 30 read with Schedule III of SEBI Listing Regulations. Both resolutions are deemed to have been passed on March 19, 2026, and will take effect from April 01, 2026. The strong approval rates reflect shareholder confidence in the company's leadership and strategic direction under Mr. Ashish Ravi Puravankara's continued stewardship. The voting results along with the scrutinizer's report are available on the company's website and NSDL's e-voting portal.

Puravankara Limited has announced that its wholly owned subsidiary Purva Oak Private Limited has received Maharashtra Real Estate Regulatory Authority (MahaRERA) approval for launching Tower D in its existing residential project 'Purva Panorama'. The company informed stock exchanges about receiving the registration certificate as part of its normal business operations.

MahaRERA Registration Details

The new tower has received official approval from Maharashtra RERA with comprehensive registration specifications:

Product Specifications

The company has provided comprehensive details about the new tower launch as per regulatory requirements:

Regulatory Compliance Framework

Puravankara Limited made this announcement in compliance with Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The project details are publicly available on the RERA website at maharerait.maharashtra.gov.in, ensuring transparency for potential buyers and stakeholders. This launch represents the expansion of the existing Purva Panorama project, adding another residential tower to the development in the strategic Thane location.

The announcement was signed by Sudip Chatterjee, Company Secretary & Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited on March 18, 2026.