PVV Infra Limited Secures BSE Approval for Rs 49.33 Crore Rights Issue
PVV Infra Limited has received in-principle approval from BSE Limited for its rights issue of partly paid-up equity shares worth Rs 49.33 crores. The approval, granted on January 28, 2026, allows the company to proceed with its capital raising initiative under SEBI Listing Regulations. The company must comply with specific conditions including disclaimer clauses, record date requirements, and corporate governance standards before launching the rights issue.
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PVV Infra Limited has achieved a significant milestone in its capital raising efforts, securing in-principle approval from BSE Limited for a rights issue worth Rs 49.33 crores. The approval, received on January 28, 2026, enables the infrastructure company to proceed with its proposed issue of partly paid-up equity shares under the SEBI Listing Regulations framework.
Rights Issue Approval Details
The BSE approval came through reference number LOD/RIGHT/KD/FIP/1594/2025-26, following the company's application submitted on December 03, 2025. The exchange has granted permission for PVV Infra to use BSE's name in its Letter of Offer for the rights issue, subject to compliance with specific regulatory requirements.
| Parameter | Details |
|---|---|
| Issue Size | Rs 49.33 crores |
| Approval Authority | BSE Limited |
| Approval Date | January 28, 2026 |
| Reference Number | LOD/RIGHT/KD/FIP/1594/2025-26 |
| Security Type | Partly paid-up equity shares |
Regulatory Framework and Compliance
The approval comes with specific conditions that PVV Infra must fulfill. The company is required to include BSE's disclaimer clause in its Letter of Offer and all related advertisements. This disclaimer emphasizes that BSE's permission does not constitute endorsement of the offer's contents or guarantee continued listing of the company's securities.
Key compliance requirements include:
- Fixing a record date with at least three working days advance notice to BSE
- Disclosing the rights issue price at least three working days prior to the record date
- Completing all legal and statutory formalities before finalizing offer documents
- Ensuring agreements with depositories for dematerialization of securities
- Getting the Basis of Allotment approved by the Designated Stock Exchange
Post-Approval Obligations
PVV Infra must ensure several operational requirements are met during the rights issue process. The company needs to confirm completion of posting the Letter of Offer and composite application form, which will enable trading in Letters of Renunciation on BSE. Additionally, the company must provide investors with the option to receive allotment in dematerialized form through any of the depositories.
Corporate Governance Requirements
As part of the approval conditions, BSE has emphasized the importance of maintaining proper corporate governance standards. The exchange has specifically noted that as per Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a qualified Company Secretary should serve as the Compliance Officer, which must be incorporated in the final offer document.
The rights issue represents PVV Infra's strategic initiative to raise capital for its business operations and growth plans. With the regulatory approval secured, the company can now proceed with the detailed preparation of its offer documents and timeline for the rights issue launch, subject to completing all remaining statutory requirements and market conditions.
Historical Stock Returns for PVV Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.84% | +4.63% | +6.34% | +101.55% | +63.52% | +246.67% |
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