Puravankara Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
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Puravankara Limited held its 39th AGM on September 29, 2025, via video conferencing from 2:00 PM to 2:42 PM, chaired by Managing Director Mr. Ashish Ravi Puravankara. Eight resolutions were put to vote, including adoption of audited financial statements for FY ending March 31, 2025, appointment/re-appointment of directors, ratification of cost auditor remuneration, and appointment of new secretarial auditors (M/s. JKS & Co. for 5 years). All resolutions were passed, with most receiving over 99% support from shareholders. However, the re-appointment of Chairman Mr. Ravi Puravankara for a 5-year term with 3-year remuneration saw notably higher dissent at 19.68% against (80.32% in favor), unlike the other resolutions which faced less than 1% opposition. The scrutinizer was Mr. Nagendra D Rao, Practicing Company Secretary, and out of 43,277 total shareholders as of the cut-off date, 40 shareholders participated through VC.
All key business items were approved, providing continuity in governance. The unusually high dissent (nearly 20%) on the re-appointment and remuneration of Chairman Ravi Puravankara may signal shareholder concerns about promoter compensation, which investors should monitor as a potential governance flag.