Puravankara provides corporate guarantee to wholly owned subsidiary
Puravankara Limited announced on December 19, 2025, that it has provided a corporate guarantee of INR 50,00,00,000 to Starworth Infrastructure & Construction Limited, a wholly owned subsidiary. This guarantee is for the enhancement of credit facilities with Axis Bank Limited.
The transaction falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Neither Puravankara's promoters nor promoter group companies have an interest in this transaction, with Starworth Infrastructure & Construction Limited being the sole interested party.
The corporate guarantee represents a contingent liability for Puravankara Limited. As Starworth Infrastructure & Construction Limited is part of the consolidated group, the company stated that there is currently no direct impact of this guarantee on Puravankara.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Puravankara publishes news
Free account required • Unsubscribe anytime