Puravankara 's wholly owned subsidiary Starworth Infrastructure & Construction Limited (SICL) has received a Letter of Intent from NPS Developers for the execution of civil, structure, waterproofing, finishes and allied works for a residential project. The contract is valued at approximately ₹144.45 crore, excluding GST and Labour Cess.

Contract Details

The Letter of Intent was received on 29.04.2026 for the residential project named Nature's Nest, located at Survey No. 54/4, Chinnagenahalli, Doddabanahalli, Bangalore District, Karnataka - 560049. The project has been awarded by NPS Developers, a domestic entity.

Business Impact

This contract win strengthens Starworth Infrastructure & Construction Limited's position in the infrastructure development sector. The 28-month execution period provides sustained revenue visibility for the subsidiary. The item rate contract structure for civil, structure, waterproofing, finishes and allied works demonstrates the subsidiary's comprehensive capabilities in residential construction.

The disclosure was made under Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there is no interest of the promoter, promoter group or group companies in NPS Developers, and the transaction does not fall within related party transactions.

Key Disclosures

Puravankara Limited has announced the provision of a corporate guarantee worth ₹196,00,00,000 on behalf of its wholly owned subsidiary Purvaland Private Limited. The guarantee has been issued to facilitate the issuance of Non-Convertible Debentures of equivalent value, as disclosed in a regulatory filing dated April 14, 2026.

Transaction Details

The corporate guarantee has been structured to support Purvaland Private Limited's NCD issuance program. The key parameters of this financial arrangement are outlined below:

Regulatory Compliance and Disclosure

The transaction has been disclosed under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed compliance with SEBI Master Circular requirements issued on July 11, 2023, and last updated on January 30, 2026.

Promoter Interest and Transaction Nature

Puravankara Limited has clarified that promoter, promoter group, and group companies have no interest in this transaction. The disclosure specifically states that only Purvaland Private Limited is the interested party in this arrangement, ensuring transparency in the corporate guarantee structure.

Financial Impact Assessment

The corporate guarantee represents a contingent liability for Puravankara Limited. However, the company has assessed that there is currently no impact of this guarantee on its operations. This assessment is based on the fact that the guarantee has been provided on behalf of a wholly owned subsidiary that forms part of the consolidated group structure.

Corporate Structure Context

The transaction reinforces the integrated financial structure within the Puravankara group, with the parent company providing financial support to facilitate the subsidiary's funding requirements through the NCD route. The arrangement demonstrates the company's commitment to supporting its subsidiary operations while maintaining appropriate regulatory disclosures and compliance standards.