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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PVV Infra's board meeting on April 21, 2026 resulted in several key changes. Four new directors were appointed: Mr. Shubh Gangully (Managing Director, ex-Group CEO of Prestige Group with 35 years experience), Mr. Shrikant Pathak (Independent Director, ex-AVP Forex at Axis Bank), Mr. Gadde Rama Krishna (Wholetime Director), and Mr. Krishna Karthik Pothur (Independent Director). Mr. Tirumala Rao Kunderu resigned as Whole-Time Director and CFO due to medical reasons. The board also approved a First and Final Call of ₹3.75 per share on 98.66 crore partly paid-up equity shares from a recent Rights Issue, totalling approximately ₹37 crore, with record date April 27, 2026 and payment window May 4-18, 2026. Additionally, the board approved bidding for highway wayside amenities projects with NHLML and proposed shifting the registered office from Andhra Pradesh to Maharashtra.
The appointment of experienced leadership (especially the former Prestige Group CEO as Managing Director) and the capital call completing the rights issue are positive developments. The resignation of the CFO creates a temporary gap in financial leadership. The proposed office relocation to Maharashtra signals potential strategic repositioning. Shareholders holding partly paid shares must pay ₹3.75 per share by May 18, 2026, after which shares will become fully paid.