Puravankara logo

Puravankara MD, chairman, board of directors and AGM

NSE: PURVABSE: 532891RealtySmall Cap

Formerly Puravankara Projects
Last close ₹184.81down ₹9.77 (5.02%)BSE ₹185.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹194.58.

52-week range of traded prices to 23 Oct 2026
₹160.69Low, 30 Mar 2026₹287.30High, 23 Oct 2025
Market cap
₹4,383 Cr771st largest listed
P/E
27.3
P/B
2.5
Dividend yield
Nonein the last 12 months
ROE
9.1%
ROCE
10.5%
Debt to equity
3.14
Volume, NSE
1,65,77340.5% delivered

Puravankara board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRavi PuravankaraRelated to the promoter
  • Managing directorAshish R Puravankara
  • Company Secretary and Compliance OfficerSudip Chatterjee

6 directors3 independent3 executive

  • Ravi Puravankara · ChairpersonExecutive · joined Jun 1986 · reappointed Apr 2026 · 1 listed board
  • Ashish R Puravankara · Managing directorExecutive · joined Jul 2000 · reappointed Apr 2026 · 1 listed board · 2 committee seats
  • Anup Sanmukh ShahIndependent · joined Jul 2019 · reappointed Jul 2024 · 86 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • Shailaja JhaIndependent · joined Feb 2021 · reappointed Feb 2026 · 67 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Kulumani Gopalratnam KrishnamurthyIndependent · joined Jun 2021 · reappointed Jun 2026 · 63 months as independent · 4 listed boards · 4 as independent · 9 committee seats, 4 as chair
  • Amanda Joy PuravankaraExecutive · joined Aug 2025 · reappointed Aug 2025 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Abhishek Kapoor, left 15 Jun 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 Aug 20266 of 6 present3 independent · 48 days in between
    • 26 Jun 20264 of 6 present3 independent · 38 days in between
    • 18 May 20266 of 6 present3 independent

  • Audit Committee

    Chair Anup Sanmukh Shah

    Shailaja Jha, Kulumani Gopalratnam Krishnamurthy, Ashish R Puravankara

    • 14 Aug 20264 of 4 present3 independent · 87 days in between
    • 18 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Kulumani Gopalratnam Krishnamurthy

    Anup Sanmukh Shah, Shailaja Jha

    • 14 Aug 20263 of 3 present3 independent · 87 days in between
    • 18 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Shailaja Jha

    Ashish R Puravankara, Amanda Joy Puravankara

    • 4 Aug 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Ashish R Puravankara

    Anup Sanmukh Shah, Amanda Joy Puravankara

    • 4 Aug 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Ashish R Puravankara

    Anup Sanmukh Shah, Amanda Joy Puravankara

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S.R. BATLIBOI & ASSOCIATES LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Puravankara AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Puravankara dividend history

Annual general meeting, 25 Sep 2026

44,900 shareholders on the register on 18 Sep 2026; present: 4 promoters and 36 others; votes counted by Nagendra D Rao / Nagendra D Rao, Practising Company Secretary.The company's voting result (opens in a new tab)

  1. (a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon. (b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 16.61% · other public 0.06%

    Turnout: all 75.88% · promoters 100.00% · institutions 2.28% · other public 6.27%

  2. To appoint a director in place of Mr. Ravi Puravankara (DIN: 00707948), Chairman and Whole Time Director of the Company, who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 16.61% · other public 0.06%

    Turnout: all 75.88% · promoters 100.00% · institutions 2.28% · other public 6.27%

  3. To ratify the remuneration payable to the Cost Auditor for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 75.88% · promoters 100.00% · institutions 2.28% · other public 6.27%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2026, 2 resolutions

41,806 shareholders on the register on 6 Feb 2026; votes counted by CS Pramod S M / BMP & Co. LLP.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE RE-APPOINTMENT OF MR. ASHISH RAVI PURAVANKARA (DIN: 00504524), MANAGING DIRECTOR, FOR A PERIOD OF 5 YEARS COMMENCING FROM APRIL 01, 2026, TILL MARCH 31, 2031, WHO IS LIABLE TO RETIRE BY ROTATION AS PER THE COMPANIES ACT, 2013MoreLess
    Ordinary
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 42.59% · other public 0.12%

    Turnout: all 76.31% · promoters 100.00% · institutions 4.78% · other public 6.42%

  2. TO CONSIDER AND APPROVE THE TENURE AND ENHANCE THE OVERALL LIMIT OF REMUNERATION PAYABLE TO MR. ASHISH RAVI PURAVANKARA (DIN: 00504524), MANAGING DIRECTOR OF THE COMPANY FOR A PERIOD OF 3 YEARS COMMENCING FROM APRIL 01, 2026, TILL MARCH 31, 2029MoreLess
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 9.62% · other public 0.20%

    Turnout: all 76.31% · promoters 100.00% · institutions 4.78% · other public 6.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 8 resolutions

43,277 shareholders on the register on 22 Sep 2025; present: 2 promoters and 38 others; votes counted by Nagendra D Rao / Nagendra D Rao, Practising Company Secretary.The company's voting result (opens in a new tab)

  1. (a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon (b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.22% · promoters 100.00% · institutions 4.34% · other public 6.12%

  2. To appoint a Director in place of Mr. Ashish Ravi Puravankara, Managing Director (DIN: 00504524), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointmentMoreLess
    OrdinaryPromoters have an interest in it
    99.37% for0.63% against

    Against: promoters 0.00% · institutions 62.84% · other public 0.07%

    Turnout: all 76.22% · promoters 100.00% · institutions 4.34% · other public 6.12%

  3. To ratify the remuneration payable to the Cost Auditor for the financial year 2025-26 and in this regard to consider and if thought fit, to pass with or without modification(s), the following resolution as an ORDINARY RESOLUTIONMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.22% · promoters 100.00% · institutions 4.34% · other public 6.12%

  4. To appoint M/S. JKS & Co. as the Secretarial Auditors of the Company for the first term of 5 consecutive years from FY 2025-26 to FY 2029-30 and in this regard to consider and if thought fit, to pass with or without modification(s), the following resolution as an ORDINARY RESOLUTIONMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.22% · promoters 100.00% · institutions 4.34% · other public 6.12%

  5. To appoint Ms. Amanda Joy Puravankara (DIN: 07128042) as the Whole Time Director of the Company for a period of 5 years and to approve the remuneration payable for a period of 3 years and in this regard to consider and if thought fit, to pass with or without modification(s), the following resolution as a SPECIAL RESOLUTIONMoreLess
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 5.65% · other public 0.08%

    Turnout: all 76.22% · promoters 100.00% · institutions 4.34% · other public 6.12%

  6. To re-appoint Mr. Ravi Puravankara (DIN:00707948), Chairman and Whole Time Director of the Company for a period of 5 years and to approve the remuneration payable for a period of 3 years and in this regard to consider and if thought fit, to pass the following resolution as a SPECIAL RESOLUTIONMoreLess
    SpecialPromoters have an interest in it
    80.33% for19.67% against

    Against: promoters 0.00% · institutions 31.21% · other public 0.08%

    Turnout: all 1.21% · promoters 0.01% · institutions 4.32% · other public 6.12%

  7. To re-appoint Ms. Shailaja Jha (DIN: 09060618) as Non-Executive Independent Director and in this regard to consider and if thought fit, to pass with or without modification(s), the following resolution as SPECIAL RESOLUTION:MoreLess
    Special
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 81.19% · other public 0.07%

    Turnout: all 76.15% · promoters 100.00% · institutions 3.98% · other public 6.12%

  8. To re-appoint Mr. Kulumani Gopalratnam Krishnamurthy (DIN: 00012579) as Non-Executive Independent Director and in this regard to consider and if thought fit, to pass with or without modification(s), the following resolution as a SPECIAL RESOLUTIONMoreLess
    Special
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 81.43% · other public 0.09%

    Turnout: all 76.15% · promoters 100.00% · institutions 3.98% · other public 6.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION BETWEENnPROVIDENT HOUSING LIMITED, PURVA BLUE HOME VENTURES PRIVATE LIMITED AND KVNnPROPERTY HOLDINGS
    Ordinary
    95.24% for4.76% against

    Against: promoters 0.00% · institutions 7.46% · other public 0.05%

    Turnout: all 1.20% · promoters 0.00% · institutions 4.23% · other public 6.31%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 8 resolutions

Present: 4 promoters and 42 others.The company's voting result (opens in a new tab)

  1. (a) To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2024 together with the reports of the Board of Directors and Auditors thereon.n(b) To consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2024 together with the reports of the Auditors thereon.MoreLess
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 8.69% · other public 0.01%

    Turnout: all 76.05% · promoters 100.00% · institutions 3.39% · other public 6.24%

  2. To appoint a Director in place of Mr. Ravi Puravankara, Chairman and Whole time Director (DIN: 00707948), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    54.57% for45.43% against

    Against: promoters 0.00% · institutions 78.32% · other public 0.01%

    Turnout: all 1.05% · promoters 0.01% · institutions 3.39% · other public 6.24%

  3. To consider and approve the revision in remuneration of Mr. Ashish Ravi Puravankara (DIN :00504524), Managing Director.
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 4.95% · other public 0.02%

    Turnout: all 76.04% · promoters 100.00% · institutions 3.39% · other public 6.24%

  4. To consider and approve the revision in remuneration of Mr. Abhishek Kapoor (DIN: 03456820), Executive Director.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 4.95% · other public 0.08%

    Turnout: all 76.04% · promoters 100.00% · institutions 3.39% · other public 6.17%

  5. To ratify the remuneration payable to the Cost Auditor for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 76.05% · promoters 100.00% · institutions 3.39% · other public 6.24%

  6. To approve a scheme of Employees Stock Option Plan (¿ESOP¿) for eligible employees of Subsidiary(ies).
    Special
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 79.22% · other public 0.06%

    Turnout: all 76.05% · promoters 100.00% · institutions 3.39% · other public 6.24%

  7. To approve the increase in overall borrowing limits of the Company as per Section 180 (1) (c) of the Companies Act, 2013.
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 24.18% · other public 0.05%

    Turnout: all 76.05% · promoters 100.00% · institutions 3.39% · other public 6.24%

  8. To grant approval for creation of charge/mortgage on the assets of the Company.
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 24.18% · other public 0.06%

    Turnout: all 76.05% · promoters 100.00% · institutions 3.39% · other public 6.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Jul 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. PROPOSAL TO RAISE FUNDS IN ONE OR MORE TRANCHES, BY ISSUANCE OF EQUITY SHARES AND/OR OTHER ELIGIBLE SECURITIES
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 6.02% · other public 0.05%

    Turnout: all 76.18% · promoters 100.00% · institutions 3.87% · other public 6.84%

  2. RE-APPOINTMENT OF MR. ANUP SANMUKH SHAH AS AN INDEPENDENT DIRECTOR FOR SECOND TERM OF FIVE (5) CONSECUTIVE YEARS
    Special
    99.12% for0.88% against

    Against: promoters 0.00% · institutions 97.18% · other public 0.09%

    Turnout: all 76.18% · promoters 100.00% · institutions 3.87% · other public 6.84%

  3. RATIFICATION OF MATERIAL RELATED PARTY TRANSACTIONS WITH PUNE PROJECTS LLP ENTERED DURING THE FINANCIAL YEAR 2023-24
    OrdinaryPromoters have an interest in it
    58.90% for41.10% against

    Against: promoters 0.00% · institutions 70.33% · other public 0.09%

    Turnout: all 4.72% · promoters 0.00% · institutions 3.87% · other public 6.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 May 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve alteration of ‘Objects’ Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 75.60% · promoters 100.00% · institutions 0.79% · other public 5.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 7 resolutions

Present: 3 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the standalone and consolidated financial statements of the Company which includes the Audited Balance Sheet as on March 31, 2023, the Statement of Profit and Loss for the financial year ended as on that date and the Cash Flow Statement together with reports of the Board of Directors and the Statutory Auditor’s thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.53% · promoters 100.00% · institutions 0.49% · other public 5.43%

  2. To appoint a Director in place of Mr. Ashish Ravi Puravankara, Managing Director (DIN: 00504524), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 75.53% · promoters 100.00% · institutions 0.49% · other public 5.43%

  3. To appoint a Director in place of Mr. Nani Rusi Choksey (DIN: 00504555), Vice Chairman and Whole Time Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 75.53% · promoters 100.00% · institutions 0.49% · other public 5.43%

  4. To approve the renewal of period of remuneration payable to Mr. Ravi Puravankara (DIN: 00707948), Chairman and Whole-time Director of the Company till the completion of his tenure of appointment.
    SpecialPromoters have an interest in it
    96.17% for3.83% against

    Against: promoters 0.00% · institutions 24.33% · other public 0.04%

    Turnout: all 0.53% · promoters 0.00% · institutions 0.49% · other public 5.43%

  5. To approve the renewal of period of remuneration payable to Mr. Nani Rusi Choksey (DIN: 00504555), Vice Chairman and Whole-time Director of the Company till the completion of his tenure of appointment.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 75.53% · promoters 100.00% · institutions 0.49% · other public 5.42%

  6. To approve renewal of period of remuneration payable to Mr. Abhishek Kapoor (DIN: 03456820), Executive Director, till the completion of his tenure of appointment.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 75.53% · promoters 100.00% · institutions 0.49% · other public 5.37%

  7. To fix remuneration payable to the Cost Auditor for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.53% · promoters 100.00% · institutions 0.49% · other public 5.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 25 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • (a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon. (b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Auditors thereon.MoreLess
    Against Angel One Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of subsidiaries on the website of the Company.
    0 for1 against
  • To appoint a director in place of Mr. Ravi Puravankara (DIN: 00707948), Chairman and Whole Time Director of the Company, who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: No attendance in last 3 AGMs.
    0 for1 against
  • To ratify the remuneration payable to the Cost Auditor for the financial year 2026-27.
    1 for0 against

Mutual fund votes, meeting of 19 Mar 2026, 5 fund houses

  • TO CONSIDER AND APPROVE THE RE-APPOINTMENT OF MR. ASHISH RAVI PURAVANKARA (DIN: 00504524), MANAGING DIRECTOR, FOR A PERIOD OF 5 YEARS COMMENCING FROM APRIL 01, 2026, TILL MARCH 31, 2031, WHO IS LIABLE TO RETIRE BY ROTATION AS PER THE COMPANIES ACT, 2013MoreLess
    5 for0 against
  • TO CONSIDER AND APPROVE THE TENURE AND ENHANCE THE OVERALL LIMIT OF REMUNERATION PAYABLE TO MR. ASHISH RAVI PURAVANKARA (DIN: 00504524), MANAGING DIRECTOR OF THE COMPANY FOR A PERIOD OF 3 YEARS COMMENCING FROM APRIL 01, 2026, TILL MARCH 31, 2029MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Increasing the overall limit of remuneration is on the higher side as compared to the Company’s performance and no adequate justification for such increase.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern has been identified on the merits of the proposed Director. Governance Concern: Increasing the overall limit of remuneration is on the higher side as compared to the Company’s performance and no adequate justification for such increase.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for5 against
5 earlier meetings

Mutual fund votes, meeting of 9 Dec 2024, 5 fund houses

  • TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION BETWEENnPROVIDENT HOUSING LIMITED, PURVA BLUE HOME VENTURES PRIVATE LIMITED AND KVNnPROPERTY HOLDINGS
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance & Transparency Concern: Lack of clarity regarding how the proposed RPT meets the constraints imposed by KIADB. Why the initial partners are being paid amount by the firm? Valuation based on internal valuation when company itself is related party. No specific explanation as to on what basis the costs, estimated revenue and revenue sharing ratio has been determined. No statement on whether the proposed RPT is entered in the ordinary course of business and at arm’s length basis or not. Are all transactions related to the proposed RPT aggregated? No details on construction loan, shareholders cannot approve a blank proposal.
    2 for3 against

Mutual fund votes, meeting of 27 Sep 2024, 3 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • (a) To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2024 together with the reports of the Board of Directors and Auditors thereon.n(b) To consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2024 together with the reports of the Auditors thereon.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified Financial Statements. (Except non-material remarks in CARO). Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: Non-disclosure of financial statements of certain subsidiaries on website for FY 2023-24.
    0 for3 against
  • To appoint a Director in place of Mr. Ravi Puravankara, Chairman and Whole time Director (DIN: 00707948), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern identified on the merits of proposed appointee. Governance Concern: Holding position of Executive Chairman, poor attendance in last three FYs.
    0 for3 against
  • To consider and approve the revision in remuneration of Mr. Ashish Ravi Puravankara (DIN :00504524), Managing Director.
    3 for0 against
  • To consider and approve the revision in remuneration of Mr. Abhishek Kapoor (DIN: 03456820), Executive Director.
    3 for0 against
  • To ratify the remuneration payable to the Cost Auditor for the financial year 2024-25.
    3 for0 against
  • To approve a scheme of Employees Stock Option Plan (¿ESOP¿) for eligible employees of Subsidiary(ies).
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Potential for excessive economic benefits to a single employee.
    0 for3 against
  • To grant approval for creation of charge/mortgage on the assets of the Company.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundInterlinked with Resolution 7. Blanket approval to create charge against borrowings to be made by associate companies.
    0 for3 against
1 proposal not matched to one resolution
  • To borrow from Bank(s), Financial Institution(s), Companies, Trust(s), Mutual Fund(s), Other investing agencies and Trustee(s) for the holders of debentures/ bonds/ other instruments, Body Corporate(s), Agent(s), Partnerships, Hindu Undivided Families, Association of Persons, Individuals and any other lender(s), [Lending Entities], any sum or sums or monies from time to time, notwithstanding that the monies so borrowed together with the monies already borrowed by the Company, if any, (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business), may exceed the aggregate of the Paid-up Capital and Free Reserves, that is to say, Reserves not set apart for any specific purposes and securities premium, provided however that the total amount of monies so borrowed including any Bank guarantees availed shall not exceed Rs. 3,500 Crores, in one or more tranches.MoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Clubbed resolution and limits for different matters which are dealt under different provisions; Inadequate disclosures; Blanket approval for guarantee issuance.
    0 for3 against

Mutual fund votes, meeting of 14 Jul 2024, 2 fund houses

  • PROPOSAL TO RAISE FUNDS IN ONE OR MORE TRANCHES, BY ISSUANCE OF EQUITY SHARES AND/OR OTHER ELIGIBLE SECURITIES
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Significant Dilution; No specific justification.
    0 for2 against
  • RE-APPOINTMENT OF MR. ANUP SANMUKH SHAH AS AN INDEPENDENT DIRECTOR FOR SECOND TERM OF FIVE (5) CONSECUTIVE YEARS
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundRe-appointment compliant with law. Governance Concern: Lack of clarity regarding Pecuniary Relationship. Chairman of AC and NRC is same individual.
    0 for2 against
  • RATIFICATION OF MATERIAL RELATED PARTY TRANSACTIONS WITH PUNE PROJECTS LLP ENTERED DURING THE FINANCIAL YEAR 2023-24
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliance Concern: No Prior approval of RPT. Governance and Transparency concern: inadequate disclosure.
    0 for2 against

Mutual fund votes, meeting of 15 May 2024, 2 fund houses

  • To approve alteration of ‘Objects’ Clause of the Memorandum of Association of the Company
    2 for0 against

Mutual fund votes, meeting of 29 Sep 2023, 1 fund house

  • To receive, consider and adopt the standalone and consolidated financial statements of the Company which includes the Audited Balance Sheet as on March 31, 2023, the Statement of Profit and Loss for the financial year ended as on that date and the Cash Flow Statement together with reports of the Board of Directors and the Statutory Auditor’s thereonMoreLess
    1 for0 against
  • To appoint a Director in place of Mr. Ashish Ravi Puravankara, Managing Director (DIN: 00504524), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To appoint a Director in place of Mr. Nani Rusi Choksey (DIN: 00504555), Vice Chairman and Whole Time Director, who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To approve the renewal of period of remuneration payable to Mr. Ravi Puravankara (DIN: 00707948), Chairman and Whole-time Director of the Company till the completion of his tenure of appointment.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Holding position of Chairman & WTD, Poor Attendance
    0 for1 against
  • To approve the renewal of period of remuneration payable to Mr. Nani Rusi Choksey (DIN: 00504555), Vice Chairman and Whole-time Director of the Company till the completion of his tenure of appointment.MoreLess
    1 for0 against
  • To approve renewal of period of remuneration payable to Mr. Abhishek Kapoor (DIN: 03456820), Executive Director, till the completion of his tenure of appointment.
    1 for0 against
  • To fix remuneration payable to the Cost Auditor for the financial year 2023-24.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeIncome Tax Assessing OfficerSince 26 Apr 2023
    We have received favourable order from CIT and AO has subsequently passed the final order giving effect to the same. However, the Department filed an appeal against the favourable CIT(A) order on 29th May 2026.MoreLess
  • Tax disputeIncome Tax Assessing OfficerSince 1 Sep 2021
    We have received favourable order from CIT and AO has subsequently passed the final order giving effect to the same. However, the Department filed an appeal against the favourable CIT(A) order on 29th May 2026.MoreLess
  • Tax disputeIncome Tax Assessing OfficerSince 1 Sep 2021
    We have received favourable order from CIT and AO has subsequently passed the final order giving effect to the same. However, the Department filed an appeal against the favourable CIT(A) order on 29th May 2026.MoreLess
  • Tax disputeIncome Tax Assessing OfficerSince 26 Jun 2023
    We have received favourable order from CIT and AO has subsequently passed the final order giving effect to the same. However, the Department filed an appeal against the favourable CIT(A) order on 29th May 2026.MoreLess
  • Tax disputeIncome Tax Assessing OfficerSince 27 Jun 2023
    Pending with CIT Appeals-Please refer note
  • Tax disputeIncome Tax Assessing OfficerSince 17 Apr 2026
    Pending with CIT Appeals
  • Tax disputeIncome Tax Assessing OfficerSince 18 Apr 2026
    Pending with CIT Appeals
  • Tax disputeIncome Tax Assessing OfficerSince 29 Apr 2025
    Pending with CIT Appeals

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.