PVV Infra Limited has announced significant strategic developments including a technology collaboration with a Taiwan-based company and a substantial enhancement of its clean energy manufacturing project. The board meeting held on February 09, 2026, resulted in key decisions that are expected to strengthen the company's position in the renewable energy manufacturing sector.

Strategic Technology Partnership with Taiwan

The board has approved the execution of a Memorandum of Understanding (MoU) with ITC Services Company Limited, Taiwan, for comprehensive technology collaboration. The partnership encompasses consultancy, customization, and technology transfer across multiple renewable energy segments.

The collaboration includes joint development, trial production, training, process stabilization, and transfer of manufacturing documentation. This partnership represents a key strategic step toward establishing PVV Infra's Integrated Clean Energy Manufacturing Complex.

Project Value Enhancement to ₹1,250 Crore

The company has significantly expanded its renewable energy manufacturing project scope, leading to a substantial increase in project value. The original MoU with the Government of Andhra Pradesh, executed on November 15, 2025, had an estimated project size of approximately ₹650 crore.

The expansion is subject to phased implementation, financing closure, and execution milestones. The enhanced project is designed as a vertically integrated clean-energy manufacturing ecosystem addressing India's domestic manufacturing gap and supporting the Atmanirbhar Bharat initiative.

Expected Project Benefits

The expanded manufacturing project is anticipated to deliver multiple strategic advantages:

• Accelerate domestic value addition in high-efficiency solar and energy storage technologies
• Reduce import dependency for critical renewable energy components
• Enable access to central and state manufacturing incentives
• Generate large-scale employment and create a regional renewable manufacturing ecosystem
• Strengthen long-term positioning as a vertically integrated clean-energy manufacturing platform

Financial modeling for the integrated project indicates strong long-term feasibility with projected industry-aligned returns and multi-year demand visibility driven by India's renewable energy growth trajectory.

Leadership Addition

The board has appointed Mr. Tse Hsiung Norman Lao (DIN: 10924375) as Additional Director (Non-Independent) effective February 09, 2026. Mr. Lao brings extensive international experience in technology and global OEM ecosystem leadership, with particular expertise in advanced electronics and technology commercialization.

His appointment is expected to strengthen the company's global technology partnership ecosystem, support commercialization initiatives, and enhance strategic execution capabilities in advanced manufacturing programs. The board meeting commenced at 2:30 PM and concluded at 3:20 PM on February 09, 2026.

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.

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.