Puravankara Limited has officially announced the resignation of Mr. Rajesh Manik Sarkar, CHRO – President, who has served as a Senior Management Personnel (SMP) of the company. According to the company’s statement, Mr. Sarkar tendered his resignation on March 17, 2025, citing personal commitments, and will be relieved from his duties at the close of business hours on March 31, 2025.

This announcement follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, Part A, Para A (7), which mandates disclosures regarding key managerial changes. The company has also provided an official statement along with the resignation letter, ensuring transparency in corporate governance.

The resignation of Mr. Rajesh Manik Sarkar marks a key management change within Puravankara Limited, one of India's leading real estate firms. As Chief Human Resources Officer (CHRO) – President, Mr. Sarkar played a significant role in shaping the company's human capital strategies, employee policies, and leadership initiatives. While no successor has been announced yet, the company is expected to initiate a transition plan to ensure smooth leadership continuity.

Puravankara Limited has reassured its stakeholders that the resignation is not linked to any operational or financial concerns. Mr. Sarkar, in his resignation letter, confirmed that there are no material reasons for his departure beyond personal commitments. The company's adherence to corporate governance standards and SEBI disclosure norms highlights its commitment to transparent business practices.

The resignation announcement, along with relevant details, has been submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under the stock codes 532891 and PURVA, respectively. As per Regulation 46(2) of SEBI Listing Regulations, the disclosure has also been made available on the company's official website for investor reference.

Puravankara Limited continues to maintain strong leadership and strategic direction in the real estate sector. While the exit of a key senior management personnel may indicate an internal shift, the company's ongoing business plans, project developments, and market strategies remain unaffected. Investors and industry stakeholders will be watching for further announcements regarding leadership appointments and future organizational developments in the coming weeks.

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