Puravankara Limited has informed the Exchange regarding Outcome of Board Meeting held on May 18, 2026 for appointment of Mr. Amit Narain Ahuja as the Chief Financial Officer designated as Senior Management Personnel
PURVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Puravankara Limited reported a strong turnaround with standalone FY2026 net profit of Rs. 70.35 crore compared to a loss of Rs. 198.75 crore in FY2025. Consolidated revenue for FY26 stood at Rs. 3,739.83 crore with net profit of Rs. 56.75 crore. Note: The Exchange headline stated appointment of Mr. Amit Narain Ahuja as CFO, but the actual filing shows his appointment as Chief Risk Officer (effective May 4, 2026), designated as Senior Managerial Personnel. The Board also re-appointed M/s GNV & Associates as Cost Auditor for FY2026-27. Subsidiaries have issued listed NCDs aggregating Rs. 1,017 crore via private placement. The company faces pending income tax assessment orders with potential tax impact of Rs. 28.84 crore and a Benami property notice regarding 43.5 acres of land (carrying value Rs. 13.20 crore). Audit reports carry unmodified opinion.
The company returned to profitability in FY2026 after significant losses. However, shareholders should note the headline discrepancy (CFO vs. Chief Risk Officer appointment) and ongoing tax litigation involving Rs. 28.84 crore in assessment orders plus a Benami property notice.