Puravankara has allotted the fourth and final tranche of non-convertible debentures (NCDs) valued at ₹25 crore, completing its board-approved issuance limit of ₹300 crore.

NCD allotment details

The allotment was made on October 9, 2026, via private placement to identified investors. The instruments are unlisted, unrated, senior, secured, redeemable, and non-convertible debentures with a face value of ₹10 lakh each. The total tenure extends to June 18, 2030.

This final tranche brings Puravankara's NCD issuance activity fully in line with the total board-approved limit of ₹300 crore for the NCD issue. The company had initially received approval for this fund-raising through private placement in May 2025.

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.