Puravankara Limited announced that shareholders approved the re-appointment of Mr. Ashish Ravi Puravankara as Managing Director for five years, starting April 01, 2026, until March 31, 2031. Additionally, the overall remuneration limit for the MD was enhanced for three years, effective April 01, 2026. The disclosure details Mr. Puravankara’s significant role in driving growth and launching key ventures like Provident Housing and Purva Land.
Key Board and Executive Updates
Puravankara Limited has officially confirmed the approval received from its shareholders via Postal Ballot on March 19, 2026, regarding critical executive changes. These approvals, based on the Board’s recommendation from the February 12, 2026 meeting, concern the Managing Director, Mr. Ashish Ravi Puravankara (DIN: 00504524).
Details of Re-appointment
The primary approvals are as follows:
- Re-appointment of Managing Director: Mr. Ashish Ravi Puravankara has been re-appointed for a term of 5 years, commencing from April 01, 2026, and concluding on March 31, 2031.
- Remuneration Enhancement: The overall limit of remuneration payable to the Managing Director has been enhanced for a period of 3 years, effective from April 01, 2026, till March 31, 2029.
Profile of the Managing Director
Mr. Ashish Ravi Puravankara is central to Puravankara Limited’s operations, overseeing business strategy and identifying key growth opportunities. Under his leadership, the company has expanded its residential and commercial projects across nine major Indian cities, including Bengaluru, Mumbai, and Pune. His strategic foresight led to the successful launch of Provident Housing, a large-scale community developer, and Purva Land, the plotted development arm.
Mr. Puravankara is recognized for his dedication to quality through innovative technologies and holds several industry accolades, including the Grohe Hurun India Residential Real Estate Developer Award 2023. He holds a BSc. in Business from Virginia Polytechnic Institute and State University and an MBA from Willamette University.
Director Relationships
Disclosures confirm that Mr. Ashish Ravi Puravankara is the son of Mr. Ravi Puravankara, the Chairman of the Company, and the brother of Ms. Amanda Joy Puravankara, a Whole Time Director. Furthermore, the disclosure confirms that Mr. Puravankara is not debarred from holding the office of director by any SEBI order or regulatory authority.
Source: BSE
