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Awaiting price reaction for this filing.
PVV Infra Ltd's Board, at its meeting on February 23, 2026, approved the allotment of 9,86,64,284 partly paid-up equity shares under its Rights Issue at ₹5 per share (face value ₹5), issued at par. Of the ₹5 price, only ₹1.25 per share has been received on application, with the remaining ₹3.75 payable in future calls as decided by the Board. The allotment follows the Letter of Offer dated January 30, 2026, and was processed via Skyline Financial Services as Registrar. Post-allotment, the company's paid-up share capital rises from ₹57.55 crore (11.51 crore fully paid shares) to include an additional ₹12.33 crore of partly paid-up capital.
The rights issue is priced at par with a partly paid structure, meaning shareholders who didn't renounce must pay future call money or risk dilution. The new shares are nearly 86% of the pre-issue count, which is a significant dilution event that could pressure the stock price in the near term.