Puravankara Limited has issued a corporate guarantee of ₹211,56,08,377 (approx. ₹211.56 crore) on behalf of its wholly-owned subsidiary, Purva Oak Private Limited. This guarantee supports the issuance of Non-Convertible Debentures (NCDs) amounting to ₹145,00,00,000 (approx. ₹145 crore) by the subsidiary. The issuance is in favour of Catalyst Trusteeship Limited, and the guarantee is classified as a contingent liability for Puravankara, with no immediate impact on the company’s financials.
Puravankara Issues Corporate Guarantee for Subsidiary’s Debt
Puravankara Limited has formally announced the provision of a corporate guarantee to support its wholly-owned subsidiary, Purva Oak Private Limited. This significant financial commitment, amounting to ₹211,56,08,377 (Rupees Two Hundred Eleven Crores Fifty-Six Lakhs Eight Thousand Three Hundred and Seventy-Seven only), is intended to back the issuance of Non-Convertible Debentures (NCDs) by the subsidiary.
Details of the Guarantee and NCD Issuance
The NCDs issued by Purva Oak Private Limited are valued at ₹145,00,00,000 (Rupees One Hundred and Forty-Five Crores only). These debentures have been issued in favour of Catalyst Trusteeship Limited, acting as the debenture trustee. The announcement, dated July 31, 2026, outlines that the corporate guarantee represents a contingent liability for Puravankara Limited.
Impact on Puravankara Limited
According to the disclosure, while the guarantee is a material financial undertaking, it currently has no direct impact on the consolidated financials of Puravankara Limited. The guarantee is provided on behalf of the wholly-owned subsidiary, which is an integral part of the consolidated group. The transaction is deemed to be conducted at arm’s length, and no interest is held by the promoter, promoter group, or other group companies in this specific transaction, other than Purva Oak Private Limited itself.
Source: BSE
