Puravankara Ltd - Board Meeting Outcome for Outcome Of Board Meeting Held On October 20, 2021 - Ref. Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015

We wish to inform you that the following was the outcome of the Board Meeting of Puravankara Limited ('Company') held on 20.10.2021:<BR> The Board of Directors have passed an enabling resolution to approve a proposed transaction for the sale of all the shares of its wholly owned subsidiaries, i.e., Vaigai Developers Private Limited ('Vaigai') and Nile Developers Private Limited ('Nile'). The transaction includes sale of asset held by Nile and Vaigai and the consideration is assessed to be approx. Rs.58.68 Crore ('Proposed Transaction').