PVV Infra amends EGM notice for ₹49.88 crore warrant issue

PVV Infra Limited has amended the notice for its Extraordinary General Meeting (EGM) scheduled on June 13, 2026, to include detailed disclosures regarding the preferential issuance of convertible equity share warrants. The company proposes to raise funds aggregating up to ₹49.87 crore through the issuance of 6,65,00,000 warrants on a preferential basis. The corrigendum, filed pursuant to Regulation 29 of the SEBI (LODR) Regulations, 2015, updates the objects of the issue and the shareholding pattern to comply with the SEBI ICDR Regulations, 2018.

Utilization of Proceeds

The net proceeds from the preferential issue are earmarked for specific operational and corporate needs. The deployment of funds is indicative and may vary based on business requirements and market conditions.

Sr. No.	Particulars / Objects	Amount (₹)	% of Total Issue Size
1	Working Capital Requirements of the Company	₹34.91 crore	70%
2	General Corporate Purposes	₹12.47 crore	25%
3	Issue Related Expenses	₹2.49 crore	5%
Total		₹49.87 crore	100%

Shareholding Pattern

The corrigendum provides the pre-and post-issue shareholding pattern of the issuer on a fully diluted basis. The pre-issue fully diluted capital is 21,37,72,616 equity shares, while the post-issue fully diluted capital upon full conversion of warrants will be 28,02,72,616 equity shares. Pinnamaneni Estates Private Limited, the promoter, will hold 20.85% post-issue, maintaining its status. None of the 28 proposed allottees, including non-promoters such as Codemosaic Systems Private Limited and Frostbond Private Limited, will acquire control over the company.

Valuation and Compliance

A. Somesh Rao, a registered valuer, has certified that the preferential issue is being made in accordance with SEBI ICDR Regulations. The valuation report will be available for inspection during the meeting and on the company’s website. The EGM notice dated May 21, 2026, must now be read collectively with this corrigendum.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.84%	+4.51%	+3.99%	-15.24%	+68.15%	+289.72%

pvv infra has entered a strategic collaboration with Reliance BP Mobility Limited to develop and operate a wayside amenity at Site JHT010 in Kokpara, Jharkhand. The Board of Directors approved the arrangement on June 05, 2026, under a Build-Operate-Transfer model, marking a significant expansion in the company's infrastructure vertical. The collaboration follows a Non-Disclosure Agreement executed between the parties on May 26, 2026.

The project covers approximately 8,871 sqm of offered space along NH-49, with a lease tenure of 29 years that includes an 8-year lock-in period. The agreement provides a 10-month rent-free fit-out period from the date of site handover, with no revenue share specified. The definitive License Agreement is currently being finalised and will be executed shortly, with disclosure to follow in accordance with SEBI regulations.

Key Details of the Arrangement

Parameter	Details
Site	JHT010, Kokpara, Jharkhand, NH-49
Nature of Arrangement	License Agreement under Build-Operate-Transfer (BOT) Model
Offered Space	Approximately 8,871 sqm
Lease Tenure	29 years with an 8-year lock-in period
Rent Free Fit-out Period	10 months from site handover
Revenue Share	Nil

Corporate Governance Updates

Separately, the Board approved the adoption of a new corporate logo effective June 05, 2026. The new logo reflects the company's three existing business verticals: Solar Energy, WSA Infrastructure, and Real Estate Development. The company confirmed that there is no change in the nature of business resulting from this rebranding.

The Board also sanctioned the establishment of a new corporate office in Mumbai on a leave and license basis. Located at B-202 Universal Paradise, Nanda Patkar Road, Vile Parle (East), the office will facilitate business development, investor relations, and stakeholder engagement. This operational addition does not alter the company's registered office address.