PVP Ventures Limited successfully conducted its Extra-Ordinary General Meeting (EGM) on March 06, 2026, through video conferencing, with 39 shareholders in attendance. The meeting, held at 11:00 A.M. (IST) and concluded at 11:33 A.M. (IST), saw shareholders approve significant leadership changes that strengthen the company's governance structure.

EGM Proceedings and Participation

The virtual meeting was conducted in compliance with the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). The meeting featured comprehensive participation from the management team and key stakeholders.

The management team present included Chairman & Managing Director Prasad V. Potluri, Independent Directors Subramanian Parameswaran and Kushal Kumar, and Whole-Time Director Dileep Badey. Company Secretary & Compliance Officer B Vignesh Ram facilitated the proceedings.

Statutory Auditor Appointment

Shareholders approved the appointment of CNGSN & Associates LLP, Chartered Accountants, as the company's new statutory auditor. The appointment was recommended by the Board of Directors during their meeting held on December 08, 2025.

CNGSN & Associates LLP is a chartered accountant firm with a committed team of professionals headed by 18 Chartered Accountants across multiple locations in South India. The firm has been peer reviewed as per guidelines issued by the Peer Review Board of ICAI, ensuring compliance with professional standards.

Whole-Time Director Appointment

Shareholders also approved the appointment of Dileep Badey as Whole-Time Director of the company. Badey, who holds Director Identification Number (DIN) 11493915, will serve in this capacity for five consecutive years starting March 06, 2026.

Dileep Badey brings substantial expertise to his new role, with over 15 years of experience in engineering, project management, and real estate development. His educational qualifications include a Bachelor's degree in Civil Engineering and a Postgraduate qualification in Advanced Construction Management from NICMAR.

Voting and Compliance Framework

The company implemented a comprehensive electronic voting system, with M. Damodaran, Partner at M. Damodaran & Associates LLP, Practicing Company Secretaries, appointed as Scrutinizer to oversee the voting process. Members who had not availed the remote e-voting facility could cast their votes during the meeting and up to 15 minutes after its conclusion.

Both appointments comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the newly appointed statutory auditor has no association with any directors, ensuring independence in audit functions. The consolidated voting results will be declared within two working days and communicated to stock exchanges.

PVP Ventures Limited has filed additional regulatory disclosures regarding the resignation of Independent Director Mr. Gautam Shahi, following requirements from the stock exchange. The company submitted comprehensive documentation on February 28, 2026, providing detailed information about the director's other commitments and positions in compliance with SEBI regulations.

Additional Regulatory Filing

Following the initial announcement on February 26, 2026, PVP Ventures received a communication from BSE on February 27, 2026, requesting additional details. The company responded with a comprehensive disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including detailed annexures as required by SEBI Master Circular dated November 11, 2024.

Director's Other Commitments

The additional disclosure revealed Mr. Shahi's involvement with other listed entities. He serves as a director at Picturehouse Media Limited, where he holds multiple committee positions including Chairperson of the Nomination and Remuneration Committee and Stakeholder Relationship Committee, along with membership in the Audit Committee and Corporate Social Responsibility Committee.

Resignation Communication

The original resignation email, dated February 26, 2026, addressed to Chairman & Managing Director Prasad V. Potluri, cited significant increase in professional commitments in his legal practice as the primary reason for stepping down. Mr. Shahi confirmed that apart from professional time constraints, there are no other material reasons for his resignation and he has no claims against the company.

Regulatory Compliance

Chairman & Managing Director Prasad V. Potluri digitally signed the additional disclosure documentation on February 28, 2026. The filing ensures full compliance with SEBI regulations and provides transparency regarding the director's resignation and his commitments with other listed entities, maintaining proper corporate governance standards.