PVV Infra converts 1.17 crore partly paid-up shares to fully paid-up
- PVV Infra board approved conversion of 1.17 crore partly paid-up shares to fully paid-up status
- Company received ₹4.41 crore as call money on these shares during August-September 2026
- Paid-up share capital increases to ₹82.81 crore post-conversion
- Reminder notices to be issued for 6.41 crore shares with ₹24.07 crore unpaid call money
*this image is generated using AI for illustrative purposes only.
PVV Infra board approved the conversion of 1.17 crore partly paid-up equity shares into fully paid-up equity shares on September 4, 2026. The move follows the collection of call money on these rights shares.
The company received an aggregate call money amount of ₹4,41,04,529 on 1,17,61,207 partly paid-up equity shares during the call money period from August 19, 2026 to September 2, 2026. These shares had a face value of ₹5 each with ₹1.25 paid-up initially.
Conversion Details
The Board converted the aforementioned shares bearing ISIN IN9428B01029 into fully paid-up equity shares bearing ISIN INE428B01021. Post-conversion, the paid-up share capital stands at ₹82,81,15,783.
| Share Category | Quantity | Face Value | Paid-up Amount |
|---|---|---|---|
| Fully Paid-up Equity Shares | 14,95,73,336 | ₹5 | ₹5 |
| Partly Paid-up Rights Shares | 6,41,99,280 | ₹5 | ₹1.25 |
The total capital is divided between 14,95,73,336 fully paid-up equity shares and 6,41,99,280 partly paid-up rights equity shares.
Unpaid Shares and Next Steps
For the balance 6,41,99,280 partly paid-up rights equity shares, the first and final call money aggregating to ₹24,07,47,300 remains unpaid. The Board decided to issue a Reminder Notice to holders of these shares.
This notice will provide an additional opportunity to pay the outstanding call money and convert their shares. The dispatch of this notice will occur after the completion of corporate action, depository credit, listing, and trading approval formalities for the current batch of converted shares.
What the Numbers Show
The conversion process reveals a significant gap in subscription completion. While the initial issue size was ₹49,33,21,420 for 9,86,64,284 shares, only a fraction of the remaining balance has been collected. The unpaid amount of ₹24,07,47,300 represents a substantial portion of the potential capital infusion from the rights issue, indicating that nearly two-thirds of the allotted shares remain partly paid-up pending further action by shareholders.
Historical Stock Returns for PVV Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.25% | -6.94% | -24.29% | -42.86% | -27.37% | 0.0% |
What is the expected timeline for the dispatch of the Reminder Notice to holders of the 6.42 crore unpaid shares, and what are the consequences if they fail to pay by the new deadline?
How might the high proportion of partly paid-up shares (nearly two-thirds of the allotted amount) impact PVV Infra's immediate cash flow and its ability to fund planned infrastructure projects?
Will the company consider alternative capital raising mechanisms, such as a fresh public issue or debt financing, if the remaining call money collection remains low after the reminder notice?
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