Puravankara Limited has officially announced a leadership transition in its senior management team. Mr. Abhishek Kapoor, who served as the Executive Director and Group CEO, has tendered his resignation effective at the close of business hours today.
The company confirmed the resignation in a regulatory filing and has attached the resignation letter as part of the disclosure in compliance with SEBI’s Master Circular dated November 11, 2024. No specific reasons for the resignation were mentioned in the public communication.
In parallel, Puravankara has proposed the appointment of Mr. Mallanna Sasalu as CEO–South, effective May 9, 2025, subject to approval by the Nomination and Remuneration Committee and the Board of Directors at their upcoming meetings. Mr. Sasalu is currently associated with Provident Housing Ltd., a subsidiary of Puravankara, and brings over 32 years of experience in engineering, architecture, and real estate development. He is a Civil Engineering graduate and an alumnus of Harvard Business School.
According to the disclosure, Mr. Sasalu is not related to any existing directors of the company.
