Puravankara Limited has informed the Exchange regarding Appointment of Ms. Amanda Joy Puravankara as an Additional Executive Director of the company w.e.f. August 08, 2025.
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Puravankara's board approved Q1 FY26 results showing a consolidated net loss of Rs. 68.55 crore versus a profit of Rs. 14.78 crore in the same quarter last year, with total income falling to Rs. 538.64 crore from Rs. 675.55 crore. Revenue from operations dropped about 20% YoY to Rs. 524.40 crore. The board appointed Ms. Amanda Joy Puravankara (daughter of Chairman Ravi Puravankara and sister of MD Ashish Ravi Puravankara) as Additional Whole-time Director and Key Managerial Personnel for a 5-year term. Mr. Ravi Puravankara was re-appointed as Chairman/Whole-time Director for another 5 years from April 2026, and two independent directors (Ms. Shailaja Jha and Mr. Kulumani Krishnamurthy) were re-appointed for second terms. The company also initiated due diligence to sell its entire stake in subsidiary Sobha Puravankara Aviation Private Limited.
Weaker-than-expected quarterly performance with a return to losses may weigh on the stock. The appointment of the next-generation family member signals continuity in promoter leadership, while the aviation subsidiary divestiture points to a sharper focus on the core real estate business. All director changes remain subject to shareholder approval at the September 29, 2025 AGM.