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PVV Infra Limited has issued a corrigendum to its EGM notice (scheduled for June 13, 2026) to amend disclosures on a proposed preferential issue of 6,65,00,000 convertible equity share warrants, aiming to raise up to Rs. 49.875 crore. The amended use of proceeds allocates 70% (Rs. 34.91 crore) to working capital, 25% (Rs. 12.47 crore) to general corporate purposes, and 5% (Rs. 2.49 crore) to issue expenses. The corrigendum also adds the pre- and post-issue shareholding pattern, showing fully diluted equity expanding from 21.38 crore to 28.03 crore shares. There are 28 proposed allottees, with promoter entity Pinnamaneni Estates Private Limited receiving the largest tranche of 1.39 crore warrants, while several non-promoter body corporates will together hold 41.70% post-issue (up from 31.75% pre-issue). The corrigendum confirms no allottee will acquire control of the company.
Existing shareholders will face dilution of roughly 23-24% on a fully diluted basis once all warrants are converted, though the phased conversion tied to warrant exercises softens the immediate impact. The promoter group's stake dips marginally from 21.49% to 21.34%, while body corporates gain meaningful share, which may influence governance and liquidity in the stock.