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).
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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”