NSEGiving guarantees/indemnity/ becoming a surety for third party20 Jun 2026 · 20 Jun 2026, 03:02 pm
Giving guarantees/indemnity/ becoming a surety for third party
Puravankara Limited · PURVA
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Puravankara Limited has informed the Exchange that it has provided an additional Corporate Guarantee on behalf of its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited. This guarantee aims to enhance the subsidiary's credit facilities. For investors, this signifies Puravankara's financial support for its subsidiary's operations or growth, which could enable new projects but also increases the parent company's contingent liabilities.
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Full Announcement
Puravankara Limited has informed the Exchange about providing Corporate Guarantee on behalf of Starworth Infrastructure & Construction Limited (Wholly Owned Subsidiary)
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PURVA_20062026150140_Intimation.pdf
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Date: 20.06.2026
The General Manager, The Manager,
Listing Operations Listing Department,
Department of Corporate Services National Stock Exchange of India Limited,
BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1,
P. J. Towers, Dalal Street, Fort, G Block, Bandra-Kurla Complex, Bandra (E),
Mumbai- 400 001 Mumbai- 400 051
Stock Code: 532891 Stock Code: PURVA
Dear Sir/ Madam,
Sub: Intimation of Corporate Guarantee given on behalf of Starworth Infrastructure & Construction
Limited (Wholly Owned Subsidiary).
Ref.: Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
We write to inform you that in continuation to the intimation dated December 19, 2026 and pursuant
to the above captioned Regulation, the Company has provided an additional Corporate Guarantee to
Starworth Infrastructure & Construction Limited, wholly owned subsidiary of the Company, for
enhancement of credit facilities to the tune of Rs. 25,00,00,000/- (Rupees Twenty-Five Crores Only) in
favour of Axis Bank Limited.
The detailed disclosure as required pursuant to Regulation 30 read with Para B of Part A of Schedule
III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated
on January 30, 2026 is enclosed herewith as ‘Annexure-I’.
This is for your information and records.
Thanking you,
Yours sincerely,
For Puravankara Limited
(Sudip Chatterjee)
Company Secretary & Compliance Officer
Membership No.: F11373
Annexure – I
Disclosures required under Regulation 30 read with Schedule III of the SEBI Listing Regulations
read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11,
2023 and last updated on January 30, 2026:
Sl. No. Particulars Details
1. Name of party for which such guarantee Starworth Infrastructure & Construction Limited,
or indemnity or surety was given Wholly Owned Subsidiary of Puravankara Limited
2. Whether the promoter/ promoter Promoter / Promoter Group / Group Companies do
group/ group companies have any not have any interest in this transaction. Only
interest in this transaction? Starworth Infrastructure & Construction Limited
is interested in this transaction.
If yes, nature of interest and details N.A.
thereof and whether the same is done at
“arm’s length”
3. Brief details of such guarantee or The Company provided an additional Corporate
indemnity or becoming a surety viz. brief Guarantee to Starworth Infrastructure &
details of agreement entered (if any) Construction Limited to the tune of Rs.
including significant terms and 25,00,00,000/- (Rupees Twenty-Five Crores Only)
conditions, including amount of in favour of Axis Bank Limited.
guarantee
4. Impact of such guarantees or indemnity The Corporate Guarantee provided is a
or surety on listed entity contingent liability for the Company. This
guarantee has been provided on behalf of the
Wholly Owned Subsidiary of the Company which
is part of the consolidated group. At this point,
there is no impact of this guarantee on the
Company.