Puravankara Limited has disclosed a violation of its Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relatives under SEBI's Prohibition of Insider Trading Regulations. The company reported the incident to BSE and NSE on January 6, 2026, in compliance with regulatory requirements.

Details of the Violation

The violation involved Mrs. Sonika Agarwal, wife of designated person Mr. Raj Kumar Agarwal, who conducted unauthorized trading activities. The specific breach occurred when she sold 550 equity shares of the company within six months from the date of acquisition, contravening the established trading guidelines.

Company's Response and Actions

Puravankara Limited has implemented comprehensive corrective measures following the discovery of this violation. The company issued written warnings to both Mrs. Sonika Agarwal and Mr. Raj Kumar Agarwal, emphasizing the need for strict compliance with the Code of Conduct and SEBI PIT Regulations in future transactions.

The company directed Mrs. Sonika Agarwal to disgorge profits from the unauthorized trade amounting to ₹2,837.00 through online remittance to SEBI's Investor Protection and Education Fund. Additionally, a penalty of ₹5,000.00 was levied on Mr. Raj Kumar Agarwal as the designated person responsible for ensuring compliance.

Financial Remediation

Both the profit disgorgement and penalty amounts were transferred to SEBI's Investor Protection and Education Fund on January 6, 2026, through online payment methods.

Company's Position

Both Mr. Raj Kumar Agarwal and Mrs. Sonika Agarwal confirmed in writing that the violation was inadvertent and unintentional, stating they were not in possession of any unpublished price sensitive information during the trades. They have committed to exercising greater caution in future transactions and ensuring full compliance with regulatory requirements.

Puravankara Limited maintains a zero-tolerance policy for violations of the Code of Conduct and SEBI PIT Regulations. The company believes the implemented measures appropriately address the violation while serving as a deterrent for future instances by designated persons or their immediate relatives. This marks the first reported violation since the last financial year, with no previous instances on record.

Puravankara Limited has announced the provision of a corporate guarantee worth ₹150.00 crores to its wholly owned subsidiary Purva Oak Private Limited on January 1, 2026. The guarantee has been issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantee Details

The corporate guarantee supports Purva Oak Private Limited's fund raising activities through the issuance of commercial papers. The arrangement involves Catalyst Trusteeship Limited as the beneficiary of the guarantee structure.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations. Additionally, the disclosure complies with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary and Compliance Officer Sudip Chatterjee has signed the regulatory filing.

Impact Assessment

According to the company's disclosure, promoters, promoter groups, and other group companies have no interest in this transaction. Only Purva Oak Private Limited is interested in the arrangement as the direct beneficiary of the corporate guarantee.

The corporate guarantee represents a contingent liability for Puravankara Limited. However, the company has indicated that there is currently no impact from this guarantee, noting that the wholly owned subsidiary's accounts are consolidated with the parent company's financial statements. This arrangement enables Purva Oak Private Limited to access commercial paper funding while maintaining the backing of its parent company's financial strength.