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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PVV Infra Limited has called an EGM on June 13, 2026 to seek shareholder approval for three items. First, the company proposes to increase its Authorised Share Capital from Rs. 120 Crore to Rs. 170 Crore by creating 10 Crore additional equity shares of Rs. 5 each. Second, the company intends to issue up to 6.65 crore Convertible Equity Share Warrants at Rs. 7.50 per warrant (including Rs. 2.50 premium), raising up to Rs. 49.88 Crore. The warrants are convertible into equity shares within 18 months, with 25% payable upfront and 75% on conversion. The promoter entity Pinnamaneni Estates Private Limited will receive 1.39 crore warrants (largest allottee), while 27 other non-promoter entities and individuals will receive the remaining warrants. Third, Mrs. Deepika Sharma is proposed to be appointed as an Independent Director for 5 years. The funds will be used for NHAI Wayside Amenities infrastructure projects, modernisation, and working capital.
The preferential warrant issuance will significantly dilute existing shareholders by approximately 31% on a fully diluted basis. The warrant issue price of Rs. 7.50 is above the adjusted floor price of Rs. 5.07 per share, indicating fair pricing. If all warrants are exercised, the company's share count will increase from 21.38 crore to 28.03 crore shares. Shareholders should carefully evaluate the dilution impact and the stated use of proceeds for infrastructure projects before voting.