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The board of PVV Infra Ltd, at its meeting on February 23, 2026, approved the allotment of 9,86,64,284 partly paid-up equity shares under a rights issue. The shares have a face value of ₹5 each and were issued at ₹5 per share (at par). On allotment, only ₹1.25 per share has been called and received, with the remaining ₹3.75 per share payable in one or more future calls as decided by the board. The allotment was made per the Letter of Offer dated January 30, 2026, with Skyline Financial Services as registrar and BSE as the designated stock exchange. Post-allotment, the company has 11,51,08,332 fully paid-up shares and 9,86,64,284 partly paid-up shares (paid-up at ₹1.25 each).
Existing shareholders will see significant dilution of their holdings due to the addition of nearly 9.86 crore new shares, and they may face future cash outflows when remaining calls are made on these partly paid-up shares.