Puravankara on Friday informed stock exchanges that it has provided a corporate guarantee in favour of its wholly owned subsidiary, Starworth Infrastructure & Construction, for enhancement of credit facilities amounting to Rs 50 crore.
In a regulatory filing dated December 19, 2025, the company said the corporate guarantee has been extended to Axis Bank for the subsidiary’s enhanced credit facilities. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations.
According to the company, Starworth Infrastructure & Construction is a wholly owned subsidiary of Puravankara, and the transaction does not involve any interest from the promoter, promoter group, or group companies. The company clarified that the guarantee is provided at arm’s length.
Puravankara stated that the corporate guarantee represents a contingent liability for the company and has been issued on behalf of a group entity forming part of its consolidated operations. The company added that, as of now, the guarantee does not have any impact on its financial position.
The detailed disclosure has been provided in accordance with SEBI regulations and relevant circulars applicable to listed entities.
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