BSEPVV Infra LtdMediumNeutral
Announced Mon, 1 Jun · 21:53 IST

Board meeting outcome

Corporate Actions View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹3.85
prior close
₹3.85
base price
After-mkt
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-1.0-1.3-1.8-1.6-0.8+2.3+7.5+4.9+3.6+1.3-8.1-6.0
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AI summary

PVV Infra Ltd's board has approved converting 92,19,900 partly paid-up rights equity shares into fully paid-up shares following the First and Final Call of ₹3.75 per share. The company collected ₹3.45 crore as call money from these shareholders during the May 15–29, 2026 call money period. For the remaining 8,94,44,384 partly paid-up shares where ₹33.54 crore remains unpaid, the board will issue a reminder notice giving holders another chance to pay and convert their shares. After this conversion, the company's paid-up capital will rise to ₹73.34 crore, comprising 12.43 crore fully paid-up shares and 8.94 crore partly paid-up shares.

Likely market impact

This is a procedural corporate action following a earlier rights issue — it increases paid-up share capital but does not bring in new money beyond the ₹3.45 crore already collected. Existing shareholders should watch for the reminder notice if they hold unpaid partly paid-up shares, as failure to pay may result in forfeiture of their holdings.