PVV Infra Limited has cancelled the previously scheduled record date of March 27, 2026 for its approved stock split, following the successful completion of postal ballot proceedings. The company communicated this development to BSE Limited on March 17, 2026, under Regulation 42 guidelines.

Postal Ballot Results and Share Subdivision Approval

The company had successfully announced the results of its postal ballot process conducted on March 15, 2026, with all three proposed resolutions receiving overwhelming shareholder approval. The primary resolution regarding the subdivision of existing equity shares received substantial shareholder backing, with the proposal to split each equity share with a face value of Rs. 5 into five equity shares with a face value of Rs. 1 each approved with 95.54% of votes in favor.

Record Date Cancellation and Future Timeline

In its latest communication to BSE Limited, the company announced the cancellation of the March 27, 2026 record date that was originally fixed for determining shareholder eligibility for the approved stock split. The Board of Directors will determine a new record date in due course, with the company committing to intimate the revised date to stock exchanges and shareholders once the Board reaches a decision.

Independent Director Appointments

Alongside the share subdivision, both independent director appointments received strong shareholder endorsement. Mr. Narsimharao Venkata Laxmi Venuturupalle (DIN: 10565686) was approved as Independent Director with 96.44% votes in favor, while Mr. Tse Hsiung Norman Lao (DIN: 10924375) received 95.55% approval for his appointment.

Regulatory Compliance and Next Steps

The company has maintained full regulatory compliance under SEBI guidelines throughout the process. The communication was signed by Akhilesh Kumar, Company Secretary & Compliance Officer, acknowledging any inconvenience caused by the record date cancellation while expressing appreciation for continued shareholder support. The successful postal ballot completion represents a significant milestone in the company's corporate governance and capital structure optimization initiatives.

PVV Infra Limited has published newspaper advertisements regarding the basis of allotment for its rights issue and received trading approval from BSE Limited for its partly paid-up equity shares on February 25, 2026.

Rights Issue Allotment and Trading Approval

The company's Board of Directors had approved the allotment of 9,86,64,284 partly paid-up equity shares of face value ₹5.00 each on February 23, 2026, through its rights issue at an issue price of ₹5.00 per equity share. BSE Limited granted trading approval on February 25, 2026, for the rights issue partly paid equity shares.

Newspaper Publication Compliance

In compliance with Regulation 92(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, PVV Infra published newspaper advertisements on February 26, 2026, pertaining to the basis of allotment. The advertisements were published in multiple newspapers to ensure wide circulation.

Subscription and Allotment Statistics

The rights issue received strong response with total applications for 10,53,47,780 rights equity shares. After technical rejections and partial rejections, 1,626 valid applications for 10,34,58,221 rights equity shares were processed, representing 104.85% of the issue size.

Trading Commencement and ISIN Details

The rights equity shares are expected to commence trading on BSE with effect from February 27, 2026. The shares will trade under the new ISIN INE428B01029 for the partly paid-up equity shares. The company completed dispatch of allotment advice and refund intimation on February 24, 2026.

The rights issue was conducted in the ratio of 6 rights equity shares for every 7 fully paid-up equity shares held by eligible shareholders on the record date of February 5, 2026. Company Secretary and Compliance Officer Akhilesh Kumar signed the regulatory communication to BSE Limited.