Regulation 30 announcement
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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. Mr. Shubh Gangully (IIM Kolkata alumnus, former Group CEO at Prestige Group) was appointed Managing Director for 5 years, subject to shareholder approval. Two Independent Directors were appointed: Mr. Shrikant Pathak (16 years banking experience, former Axis Bank AVP) and Mr. Krishna Karthik Pothur (HR and real estate background). Mr. Gadde Rama Krishna (automobile engineering diploma, 25 years experience) was appointed as Wholetime Director. Simultaneously, Mr. Tirumala Rao Kunderu resigned as Whole-Time Director and CFO due to medical reasons (health issues, bedridden). The board also approved a First and Final Call of Rs 3.75 per share on 98.66 crore partly paid-up shares (totaling Rs 37 crore), with record date April 27, 2026 and payment window May 4-18, 2026. Additionally, the board approved shifting the registered office from Andhra Pradesh to Maharashtra and submitting bids to NHLML for highway amenities projects.
The resignation of the CFO and Whole-Time Director due to medical reasons is concerning for continuity but appears unavoidable. The appointment of an experienced Managing Director with IIM background and Prestige Group pedigree could bring professional management. The Rs 37 crore call money on partly paid shares will convert them to fully paid-up, improving the company's capital structure. The office relocation to Maharashtra signals strategic repositioning.