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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PVV Infra Ltd's board meeting on April 21, 2026 approved several major decisions. The company appointed Mr. Shubh Gangully (IIM Kolkata alumnus, former Group CEO at Prestige Group) as Managing Director for 5 years, along with three other directors including two Independent Directors. The CFO and Whole-Time Director Mr. Tirumala Rao Kunderu resigned due to serious medical reasons (bedridden with multiple organ dysfunction syndrome). The board also approved a First and Final Call of ₹3.75 per share on 9.87 crore partly paid-up shares, totaling approximately ₹37 crore, to convert them to fully paid-up shares. Additionally, the company plans to shift its registered office from Andhra Pradesh to Maharashtra and approved bidding for highway wayside amenity projects with NHLML.
The resignation of the CFO due to health reasons is concerning but appears genuine given the medical details. The new leadership with experienced professionals like Mr. Gangully could bring stronger governance. The share call requires shareholders to pay up within May 2026 or face forfeiture, which could pressure smaller investors. The office relocation to Maharashtra may signal strategic or tax benefits.