PURVANSEPuravankara Limited· ConstructionHighNeutral
Announced Mon, 29 Sept · 19:22 IST

Puravankara Limited has informed the Exchange regarding Appointment of Mr Ravi Puravankara as Chairman of the company w.e.f. April 01, 2026.

Promoter Family Board EntryManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

At the AGM held on September 29, 2025, Puravankara Limited's shareholders approved a series of board changes. Ms. Amanda Joy Puravankara, daughter of Chairman Ravi Puravankara and sister of Managing Director Ashish Ravi Puravankara, was formally appointed as Whole-time Director and Key Managerial Personnel for a 5-year term (August 8, 2025 to August 7, 2030). Mr. Ravi Puravankara was re-appointed as Chairman and Whole-time Director for another 5 years (April 1, 2026 to March 31, 2031). Two independent directors, Ms. Shailaja Jha and Mr. Kulumani Gopalratnam Krishnamurthy, were re-appointed for second 5-year terms starting in 2026. Additionally, M/s. JKS & Co. was appointed as the company's Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30.

Likely market impact

The move formalises the next generation of the promoter family into an executive leadership role, reinforcing family-driven control of the company. For shareholders, this signals continuity in leadership and long-term strategic direction, though it also concentrates decision-making within the founding family.