Puravankara Limited has announced the provision of a corporate guarantee worth ₹50.00 crores to its wholly owned subsidiary Starworth Infrastructure Construction Limited. The guarantee facilitates the enhancement of credit facilities with Axis Bank Limited, as disclosed in a regulatory filing.

Corporate Guarantee Details

The company provided comprehensive disclosure regarding the guarantee arrangement as required under SEBI regulations. The key parameters of this corporate guarantee are structured as follows:

Regulatory Compliance and Disclosure

Puravankara Limited made this disclosure in accordance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company clarified that promoter and promoter group companies have no interest in this transaction. Only Starworth Infrastructure Construction Limited, being the wholly owned subsidiary, is the interested party in this guarantee arrangement.

Financial Impact Assessment

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

Corporate Structure Context

Starworth Infrastructure Construction Limited operates as a wholly owned subsidiary of Puravankara Limited, making this guarantee an internal group transaction. The credit facility enhancement through Axis Bank Limited is expected to support the subsidiary's operational and business requirements within the broader Puravankara group framework.

Puravankara Limited has officially launched its new residential project 'Purva Silversky' in Bengaluru on December 17, 2025, as announced through a regulatory filing to the stock exchanges. The project launch represents the company's continued expansion in Bengaluru's real estate market.

Project Launch Details

The company has formally notified BSE and NSE about the project launch under Regulation 30 of SEBI Listing Regulations. The residential development is located at Hebbagodi Village, Attibele Hobli, Anekal Taluk, Bangalore Urban, Bengaluru South, Karnataka.

Regulatory Compliance

The project has been registered with the Karnataka Real Estate Regulatory Authority (RERA) under registration number PRM/KA/RERA/1251/310/PR/151225/008338. Project details are available on the Karnataka RERA website at https://rera.karnataka.gov.in/projectViewDetails , ensuring transparency and regulatory compliance for potential buyers.

Strategic Market Position

Purva Silversky is designed to cater exclusively to the domestic market, aligning with Puravankara's focus on local real estate demand. The project's location in the Anekal Taluk area positions it in one of Bengaluru's emerging residential corridors, offering growth potential for the company's portfolio expansion.

Corporate Communication

The launch announcement was signed by Sudip Chatterjee, Company Secretary and Compliance Officer, as part of the company's regular disclosure obligations to stock exchanges. This formal communication underscores Puravankara's commitment to maintaining transparency with investors and stakeholders regarding significant business developments.