Latest news about Prime Urban Development
Prime Urban Development
8.84
+0.12(+1.38%)
Company Performance:
View Company Insights1D+1.38%
1M+2.67%
6M+4.49%
1Y-21.21%
5Y+17.71%
More news about Prime Urban Development
05Nov 25
Prime Urban Development Appoints Arbitrator for Partnership Dispute
Prime Urban Development India Limited (PUDIL) has received notice of an arbitrator appointment to resolve a dispute with its partner in Prime Mall Developers. Justice R. Subramanian, a former Madras High Court judge, has been appointed as the arbitrator following a Madras High Court order. The appointment process began on July 23, 2025, with PUDIL filing an application, and the company received official notice on November 4, 2025. Additionally, PUDIL has reported a change in its Corporate Identification Number (CIN) to L47990TZ1936PLC000001 following an alteration to its main object clause.
14Aug 25
Prime Urban Development India Reports Q1 Loss, Plans Business Expansion
Prime Urban Development India Limited reported a net loss of Rs 43.30 lakhs in Q1 FY2026, down from a profit of Rs 224.76 lakhs in Q4 FY2025. Revenue decreased to Rs 25.74 lakhs from Rs 345.00 lakhs. The company's Board approved changes to its Memorandum of Association, aiming to expand into general trading and securities dealing, subject to shareholder approval. An ongoing arbitration dispute of Rs 13.30 crore with Prime Mall Developers remains sub-judice.
23Jul 25
Prime Urban Development Seeks Rs 13.30 Crore Refund Through Arbitration
Prime Urban Development India Limited has filed for arbitration at the Madras High Court to recover Rs 13.30 crore plus interest from its joint venture partners in Prime Mall Developers. The claim stems from a cancelled construction agreement with Reliance Prolific Traders Private Limited. The company is seeking funds from Biodegradable Products India Limited and Indraneel Properties Limited. Despite the significant claim, Prime Urban Development reports no expected financial impact due to compensation or penalties.
23Jul 25
Prime Urban Development Seeks Rs 13.30 Crore Refund Through Arbitration
Prime Urban Development India Limited has initiated legal proceedings to recover Rs 13.30 crore plus interest from its business partners. The company has filed for arbitration at the Madras High Court against Biodegradable Products India Limited and Indraneel Properties Limited. The claim stems from a cancelled construction agreement with Reliance Prolific Traders Private Limited. Prime Urban Development holds a 50% stake in Prime Mall Developers, the entity involved in the dispute. The company has disclosed this pending litigation to the BSE Limited in compliance with SEBI regulations.
Industry Peers
DLF
Lodha Developers
Prestige Estates Projects
Phoenix Mills
Oberoi Realty
Godrej Properties
Anant Raj
Brigade Enterprises
Sobha
Signatureglobal
689.00
(+1.61%)
1,258.40
(+1.32%)
1,635.80
(+0.29%)
1,932.00
(+0.10%)
1,870.00
(-0.85%)
2,039.90
(+0.24%)
614.60
(-1.66%)
654.10
(+2.32%)
1,289.10
(-0.42%)
795.40
(+0.01%)
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
