Board approves conversion of 99,12,608 partly paid-up shares into fully paid-up

PVV Infra's board approved converting 99,12,608 partly paid-up shares into fully paid-up shares 🧾.

Fri 9 Oct 2026

Partly paid shares converted

99,12,608

Call money received

₹ 3,71,72,280.00/-

Paid-up capital post conversion

₹ 86,52,88,060.00/-

Conversion of partly paid-up shares

At its meeting on Friday, October 09, 2026, the Board of PVV Infra Ltd considered and approved the conversion of 99,12,608 partly paid-up equity shares into fully paid-up equity shares.

• These shares have a face value of ₹5/- each and were partly paid at ₹1.25/-.
• As partly paid-up shares they carried ISIN IN9428B01029; after conversion they carry ISIN INE428B01021.
• The company is in the process of completing the necessary corporate action formalities and obtaining the requisite listing and trading approvals for these converted shares.

Where these shares came from

The partly paid-up shares are linked to a rights issue. The Letter of Offer is dated January 30, 2026, the shares were allotted on Monday, February 23, 2026, and the record date was fixed as Monday, April 27, 2026. The First and Final Call was ₹3.75/- per partly paid-up equity share, on 6,41,99,280 outstanding partly paid-up equity shares. The total issue size was ₹49,33,21,420/- at ₹5/- per rights share. Before allotment, the company had received ₹12,33,30,355/-, corresponding to ₹1.25/- of application money per rights share, on 9,86,64,284 partly paid-up equity shares.

Call money received

During the Call Money Period from Thursday, September 24, 2026 to Thursday, October 08, 2026, the company received an aggregate call money amount of ₹ 3,71,72,280.00/- on 99,12,608 partly paid-up equity shares. These are the shares the Board has now approved for conversion.

Capital after conversion

• The paid-up share capital of the company will stand increased to ₹ 86,52,88,060.00/-.
• This is divided into 15,94,85,944 fully paid-up equity shares of face value ₹5/- each, and 5,42,86,672 partly paid-up Rights Equity Shares of face value ₹5/- each with ₹1.25/- paid-up.

The balance and the reminder notice

• On the balance 5,42,86,672 partly paid-up Rights Equity Shares, First and Final Call money aggregating ₹ 20,35,75,020.00/- remains unpaid.
• The Board has decided to issue a Reminder Notice to the holders of these shares, giving them an additional opportunity to pay the outstanding First and Final Call money and convert their partly paid-up equity shares into fully paid-up equity shares.
• The Reminder Notice will be dispatched in due course, after completion of the corporate action, depository credit, listing and trading approval formalities in respect of the current batch of converted shares.
• Further details, including the payment period, mode of payment and other relevant particulars, will be communicated separately to the eligible holders.

What holders of partly paid-up shares may note

Holders of the 5,42,86,672 partly paid-up shares get an additional window to pay ₹3.75/- per share and have those shares converted into fully paid-up shares. The timeline and process will be shared in the Reminder Notice.

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