Puravankara Limited has informed the Exchange regarding Appointment of Mr Amit Narain Ahuja as Chief Risk Officer of the company w.e.f. May 04, 2026.
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Puravankara Limited reported strong financial recovery for FY2026 with standalone net profit of Rs. 70.35 crore compared to a loss of Rs. 198.75 crore in FY2025. Consolidated net profit was Rs. 56.75 crore versus a loss of Rs. 182.92 crore in the prior year. Standalone revenue from operations grew to Rs. 2,302.61 crore from Rs. 917.50 crore, while consolidated revenue nearly doubled to Rs. 3,739.83 crore from Rs. 2,013.61 crore. The Board also approved appointment of Mr. Amit Narain Ahuja as Chief Risk Officer (CRO) effective May 4, 2026, designated as Senior Managerial Personnel. Additionally, subsidiaries issued listed non-convertible debentures aggregating Rs. 1,017 crore. Auditors gave an unmodified opinion on the financial statements. Note 6 highlights ongoing legal matters including income tax assessment orders with potential tax impact of Rs. 28.84 crore and a Benami property notice for land parcels valued at Rs. 13.20 crore.
The company has demonstrated a significant turnaround with return to profitability and strong revenue growth, which is positive for shareholders. The appointment of a Chief Risk Officer enhances governance. However, ongoing tax litigation and Benami property notices represent potential risks that investors should monitor.