PURVANSEPuravankara Limited· ConstructionMediumNeutral
Announced Fri, 20 Mar · 13:35 IST

Puravankara Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.

Board & Shareholder Meetings View source PDF

PURVA · price

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

Price reaction · full curve 14 horizons · vs prior close
-8.5%1-day move
₹183.00
prior close
₹180.72
base price
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+0.2+0.1+0.0-0.9-8.5-4.4-0.8-4.6-10.6-3.8+22.8+18.7+20.7+19.0
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AI summary

Puravankara Limited has submitted the voting results and scrutinizer's report of its postal ballot conducted via remote e-voting between February 18 and March 19, 2026. Two resolutions were put to vote. Resolution 1 was the ordinary resolution for the re-appointment of Mr. Ashish Ravi Puravankara (DIN: 00504524) as Managing Director for 5 years, which was passed with 99.53% votes in favor (18.01 crore votes by 165 members). Resolution 2 was a special resolution to approve the tenure and enhanced remuneration limit for Mr. Ashish Ravi Puravankara as Managing Director for 3 years (April 1, 2026 to March 31, 2029), which was passed with 99.89% votes in favor (18.08 crore votes by 160 members). Both resolutions were passed with the requisite majority as confirmed by the scrutinizer, CS Pramod S M of BMP & Co. LLP.

Likely market impact

The re-appointment and revised remuneration of the promoter Managing Director have been approved by shareholders with overwhelming support, providing leadership continuity at Puravankara for the next few years. This is a routine governance outcome with strong shareholder backing, and is unlikely to materially impact the stock price.