NSEBagging/Receiving of orders/contracts21 Aug 2026 · 21 Aug 2026, 01:10 pm

Bagging/Receiving of orders/contracts

Puravankara Limited · PURVA

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Puravankara Limited has received a Letter of Intent from Red Connect Private Limited for the execution of civil and structural works for the construction of Ritz Carlton Project at MRC Nagar, Chennai, worth ₹ 1,75,00,00,000 (excluding GST).

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

Puravankara Limited has informed the Exchange about Letter of Intent received by M/s. Starworth Infrastructure & Construction Limited, Wholly Owned Subsidiary of the Company:

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PURVA_21082026131028_SEintimation.pdf

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Date: 21.08.2026 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: Letter of Intent received by M/s. Starworth Infrastructure & Construction Limited, Wholly Owned Subsidiary of the Company: Ref: Regulation 30 and Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. We write to inform you that M/s. Starworth Infrastructure & Construction Limited (SICL) has received a Letter of Intent from M/s. Red Connect Private Limited for execution of civil and structural works for construction of Ritz Carlton Project at MRC Nagar, Chennai for the contract value of ₹ 1,75,00,00,000/- (Indian Rupees One Hundred Seventy-Five Crores only) excluding GST. SICL is a Wholly Owned Subsidiary of Puravankara 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 ICSI 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. Particulars Details 1. Name of the entity awarding the Red Connect Private Limited order(s)/contract(s) 2. Significant terms and conditions of Execution of civil and structural works for order(s)/contract(s) awarded, in brief; construction of Ritz Carlton Project at MRC Nagar, Chennai. 3. Whether order(s) / contract(s) have been Domestic Entity awarded by domestic/ international entity 4. Nature of order(s) / contract(s) Civil and structural works 5. Whether domestic or international Domestic 6. Time period by which the 32 Months order(s)/contract(s) is to be executed 7. Broad consideration or size of the The contract value is ₹ 1,75,00,00,000/- order(s)/contract(s) (Indian Rupees One Hundred Seventy-Five Crores only) excluding GST. 8. Whether the promoter/ promoter group / No group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; 9. Whether the order(s)/contract(s) would fall No within related party transactions? If yes, whether the same is done at “arm’s length”