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.

Puravankara Limited has issued a corporate guarantee of ₹25.00 crores to support its wholly owned subsidiary's equipment financing requirements. The guarantee was provided to Starworth Infrastructure Construction Limited in favor of IDFC First Bank Limited for construction equipment purchases.

Corporate Guarantee Details

The company disclosed the guarantee arrangement through a regulatory filing, in compliance with SEBI listing obligations. The guarantee structure and key parameters are outlined below:

Regulatory Compliance and Disclosure

The guarantee was disclosed pursuant to Regulation 30 read with Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The regulatory filing confirmed that promoters and promoter group companies have no interest in this transaction, with only Starworth Infrastructure Construction Limited being the interested party as the beneficiary of the guarantee.

Financial Impact Assessment

Puravankara Limited characterized the corporate guarantee as a contingent liability for the company. The management stated that since the guarantee supports a wholly owned subsidiary within the consolidated group, there is no immediate impact on the company's operations or financial position.

The guarantee arrangement enables the subsidiary to access financing for construction equipment, supporting its operational capabilities while maintaining the parent company's oversight through the guarantee structure.

Corporate Structure Context

Starworth Infrastructure Construction Limited operates as a wholly owned subsidiary of Puravankara Limited, forming part of the company's consolidated group structure. This relationship enables the parent company to provide financial support through guarantee mechanisms while maintaining operational independence for the subsidiary's specific business activities.