Puravankara Limited has furnished a Corporate Guarantee of ₹50,00,00,000/- (Fifty Crores) on behalf of its associate entity, Pune Projects LLP. This guarantee has been provided in favor of RBL Bank Limited to secure credit facilities sought by the LLP. The disclosure confirms that the transaction is conducted at arm’s length, and since the guarantee is for an associate within the consolidated group, there is no immediate direct impact on the listed entity’s financials, being treated as a contingent liability.
Corporate Guarantee for Associate Entity
Puravankara Limited announced today, March 23, 2026, that it has extended a significant financial assurance for its associate entity, Pune Projects LLP. The commitment taken is in the form of a Corporate Guarantee amounting to Rs. 50,00,00,000/- (Indian Rupees Fifty Crores only).
Purpose and Beneficiary
The guarantee has been provided to RBL Bank Limited. This assurance supports the credit facilities that Pune Projects LLP intends to avail from the bank, details of which, including associated terms and conditions, are secured via a Supplemental Deed of Guarantee. The Company confirmed that this arrangement is required for the associate to secure necessary funding facilities.
Transaction Assessment
The disclosures confirm that this transaction does not involve the Promoter, Promoter Group, or any other group companies directly. Furthermore, the terms governing the guarantee are deemed to be conducted at “arm’s length”. While the guarantee constitutes a contingent liability for Puravankara Limited, since it is extended on behalf of an associate forming part of the consolidated group, the management stated that there is no immediate impact on the listed company at this juncture.
Source: BSE
