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.

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.