PVP Ventures Limited has announced a significant change in its board composition with the resignation of Independent Director Mr. Gautam Shahi. The company formally communicated this development to the stock exchanges on February 26, 2026, in compliance with regulatory requirements.

Director Resignation Details

Mr. Gautam Shahi (DIN: 10236790) tendered his resignation through an email dated February 26, 2026, with the resignation taking effect from the close of business hours on February 28, 2026. The primary reason cited for his departure is increasing professional commitments in his legal practice.

Board Committee Impact

Following his resignation, Mr. Shahi will simultaneously cease to be a member of all Board Committees of the company wherever applicable, effective from February 28, 2026. This change will require the company to reassess its committee compositions and potentially seek new appointments to maintain proper governance structures.

Regulatory Compliance

The announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Shahi confirmed in his resignation communication that there are no material reasons for his resignation other than those explicitly stated in his resignation letter, and he has no claims against the company.

Communication Details

The resignation was communicated to both major stock exchanges where PVP Ventures is listed. The company provided comprehensive documentation including the original resignation letter and detailed annexures as required under SEBI regulations. Chairman & Managing Director Prasad V. Potluri signed the formal communication to the exchanges, ensuring full regulatory compliance.

PVP Ventures Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2025. The Board of Directors approved these results at a meeting held on 23rd February 2026, which was originally scheduled for 12th February but had to be rescheduled due to additional time required by statutory auditors for completion of limited review and issuance of requisite certificates.

Financial Results and Key Developments

The company's Board meeting, which commenced at 5:30 PM and concluded at 6:30 PM on 23rd February 2026, addressed several important matters including the approval of quarterly results and significant corporate governance changes.

Outstanding Loan Portfolio

The company maintains a substantial financial exposure through its loan to New Cyberabad City Projects Private Limited (NCCPL), a related party and erstwhile subsidiary. Key details of this arrangement include:

The loan generates significant interest income for PVP Ventures, with Rs. 261.91 Lakhs recognized for the quarter and Rs. 770.34 Lakhs for the nine months ended 31st December 2025.

Board Changes and Governance Updates

Director Resignation

Mrs. P.J. Bhavani (DIN: 08294839), Non-Executive Non-Independent Director, resigned from the company effective from the close of business hours on 23rd February 2026. In her resignation letter submitted to the company, she cited personal reasons for stepping down from her director position. The company has filed the necessary regulatory disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Reconstitution

Following Mrs. Bhavani's resignation, the Board approved reconstitution of key committees effective 23rd February 2026:

Nomination and Remuneration Committee:

Non-Convertible Debenture Committee:

Regulatory Compliance and Legal Matters

The company provided comprehensive details regarding ongoing litigation associated with the enforceability and market value of security related to its NCCPL loan. Notable developments include:

• Release of attached property by Enforcement Directorate ordered on 20th December 2024
• Supreme Court order dated 7th March 2025 regarding SEBI-attached properties
• Ongoing digitization of land records in Telangana state

The company maintains that amounts are fully recoverable and no allowance for Expected Credit Loss is necessary, based on market valuations, business plans, and enforceable clauses in relevant agreements.

Debenture Covenant Compliance

PVP Ventures provided detailed compliance status for its listed Non-Convertible Debentures (Series A - INE362A07054 & Series B - INE362A07047) as of 31st December 2025. The company reported compliance with various covenants related to business operations, capital structure, and project development activities, with several covenants marked as "Not Applicable" based on current business circumstances.