Rights Issue call money
Price
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PVV Infra Ltd's Board meeting on April 21, 2026 approved a First and Final Call of ₹3.75 per share on 9.87 crore partly paid-up equity shares, totaling ₹37 crore. This call money is for shares allotted via a Rights Issue in February 2026, and upon payment, these shares will become fully paid-up. The Board also appointed four new directors including Mr. Shubh Gangully (IIM Kolkata alumnus and former Group CEO of Prestige Group) as Managing Director, two Independent Directors, and one Whole-time Director. Mr. Tirumala Rao Kunderu resigned as Whole-time Director and CFO due to serious medical reasons. Additionally, the Board approved bidding for highway wayside amenities from NHLML and proposed shifting the registered office from Andhra Pradesh to Maharashtra.
The ₹37 crore rights issue call money will strengthen the company's equity base once collected. The appointment of an experienced infrastructure professional as Managing Director could bring strategic direction, while the CFO's sudden medical resignation creates a key management gap that needs filling.