PVV Infra seeks approval to raise ₹49.87 crore via warrants

PVV Infra Limited has scheduled an Extraordinary General Meeting (EGM) on June 13, 2026, to seek shareholder approval for raising capital through a preferential issue of Convertible Equity Share Warrants. The meeting will be held via Video Conferencing and Other Audio Visual Means. The company plans to issue up to 6,65,00,000 warrants at a price of ₹7.50 per warrant, including a premium of ₹2.50, aggregating to ₹49.87 crore.

Preferential Allotment Details

The proceeds from the issuance will be utilised for ongoing and future expansion projects, including NHAI Wayside Amenities infrastructure projects, modernisation of existing operations, and general corporate purposes. The warrants will be issued on a preferential basis to 28 allottees, including promoter entity Pinnamaneni Estates Private Limited and various non-promoter investors.

Category	No. of Warrants	Allottee Example
Promoter	1,38,65,250	Pinnamaneni Estates Private Limited
Non-Promoter	5,26,34,750	Codemosaic Systems Private Limited
Total	6,65,00,000

Each warrant entitles the holder to one equity share upon payment of the balance amount within 18 months from the date of allotment. At least 25% of the issue price is payable upfront, with the balance due at the time of conversion. The issue price of ₹7.50 per warrant is higher than the adjusted floor price of ₹5.07 per equity share determined by an independent registered valuer.

Increase in Authorised Capital

To facilitate the proposed preferential issue and accommodate future business requirements, the company seeks approval to increase its authorised share capital. The board proposes to raise the authorised capital from ₹120 crore, divided into 24 crore equity shares of ₹5 each, to ₹170 crore, divided into 34 crore equity shares of ₹5 each. This change necessitates an alteration of Clause V of the Memorandum of Association.

Appointment of Independent Director

The EGM agenda also includes the appointment of Mrs. Deepika Sharma (DIN: 08390184) as an Independent Director. She was appointed as an Additional Director on May 14, 2026, and the board recommends her appointment for a term of five consecutive years, commencing from May 14, 2026, to May 13, 2031. Mrs. Sharma brings over 15 years of experience in the real estate and infrastructure sector.

Voting and Timelines

Remote e-voting for the EGM will commence on June 10, 2026, at 9:00 A.M. IST and conclude on June 12, 2026, at 5:00 P.M. IST. The cut-off date for determining shareholders eligible to vote is June 5, 2026. The results of the meeting will be announced on or before June 13, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.21%	-4.33%	+6.25%	+0.45%	+73.33%	+316.98%

PVV Infra Ltd. has notified the stock exchange of an upcoming board meeting scheduled for Thursday, May 14, 2026, pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 07, 2026, was addressed to the Listing Compliance Department of BSE Limited and outlines several key agenda items for the board's consideration.

Key Agenda Items for the Board Meeting

The board of directors will convene to deliberate and approve a range of significant corporate actions. The meeting agenda covers matters related to capital structure, fund raising, board composition, and shareholder communication. The following table summarises the key items on the agenda:

Agenda Item:	Details
Authorised Share Capital:	Increase in the authorised share capital of the Company
Fund Raise:	Preferential issue of equity shares and/or convertible equity share warrants to Promoters/Non-Promoters, subject to necessary approvals
Director Appointment:	Appointment of Mrs. Deepika Sharma (DIN: 08390184) as a non-independent Director
Postal Ballot:	Fixing of date for issuance of postal ballot notice
Other Business:	Incidental and ancillary matters as decided by the Board with the permission of the Chairperson

Capital and Fund-Raising Proposals

Among the primary agenda items, the board will consider increasing the company's authorised share capital. Additionally, the board will evaluate raising funds through a preferential issue of equity shares and/or convertible equity share warrants to Promoters and/or Non-Promoters, subject to the receipt of all necessary approvals. The postal ballot process is expected to facilitate shareholder participation in approving these proposals.

Board Composition

The board will also take up the appointment of Mrs. Deepika Sharma (DIN: 08390184) as a non-independent Director of the Company. This appointment is among the formal resolutions to be considered at the May 14, 2026 meeting.

Disclosure and Compliance

The intimation was submitted in compliance with the applicable SEBI listing regulations. The company has stated that the above information will also be made available on its official website at www.pvvinfra.com . The filing was signed by Akhilesh Kumar, Company Secretary & Compliance Officer, on behalf of PVV Infra Limited.