PVV Infra shareholders approve ₹49.88 crore warrant issue

PVV Infra Limited has secured shareholder approval to raise up to ₹49.88 crore through the issuance of convertible equity share warrants at its Extraordinary General Meeting (EGM) held on June 13, 2026. The meeting, conducted via Video Conferencing, also sanctioned an increase in authorized share capital and the appointment of Mrs. Deepika Sharma as an Independent Director for a term of five years effective May 14, 2026. These resolutions enable the company to bolster its capital structure and support working capital requirements.

The EGM was scrutinized by Mr. Vinay Babu Gade, Practicing Company Secretary, who reported that all three resolutions were passed with the requisite majority. Remote e-voting commenced on June 10, 2026, and concluded on June 12, 2026. The voting results indicated strong support, with 100% of the valid votes cast in favour of the resolutions by the promoters and public shareholders.

Resolutions Passed

The shareholders considered and voted upon three key items. The approval for the preferential issue of warrants and the appointment of the Independent Director were passed as special resolutions, while the alteration of the Memorandum of Association to increase authorized share capital was passed as an ordinary resolution.

Item No.	Particulars	Required resolution
1	Approval of Increase in Authorized Share Capital and Consequent Alteration of Clause V of the Memorandum of Association of the Company.	Ordinary
2	Issuance of Up to 6,65,00,000 (Six Crore Sixty-Five Lakh) Convertible Equity Share Warrants on a Preferential Basis, for Cash.	Special
3	Appointment of Mrs. Deepika Sharma (DIN: 08390184) as an Independent Director of the Company.	Special

Utilisation of Proceeds

The net proceeds from the ₹49.88 crore issue will be deployed towards specific business objectives. The company has outlined the indicative deployment of funds, which will be utilised in a phased manner as the warrants are exercised and the balance 75% of the issue price is received.

Sr. No.:	Particulars / Objects	Amount (₹)	% of Total Issue Size
1	Working Capital Requirements of the Company	₹34,91,25,000	70%
2	General Corporate Purposes	₹12,46,87,500	25%
3	Issue Related Expenses	₹2,49,37,500	5%
Total		₹49,87,50,000	100%

The intimation regarding the scrutinizer's report and voting results was submitted to BSE Limited by Akhilesh Kumar, Company Secretary and Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.71%	-3.78%	-10.78%	-27.05%	+28.52%	+209.57%

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.