Reminder notice for ₹3.75 First and Final Call money on ~5.43 crore partly paid-up shares
PVV Infra will send a Reminder Notice to holders of ~5.43 crore partly paid-up shares on which the First and Final Call of ₹3.75 per share, totalling ~₹20.36 crore, is unpaid.
By ScoutQuest · · 3 min read
- Call money rate
- ₹3.75 per share
- Total outstanding
- ~₹20.36 crore
- Payment window
- Monday, October 26, 2026 to Monday, November 09, 2026 (15 days, both days inclusive)
What the company has approved
- The Board of PVV Infra Ltd met on Saturday, October 24, 2026 and approved the dispatch of a Reminder Notice to holders of partly paid-up equity shares (ISIN: IN9428B01029).
- The notice covers only those shares on which the First and Final Call Money remains unpaid.
- Call money rate: ₹3.75 per partly paid-up equity share.
- Total outstanding: ~₹20.36 crore across ~5.43 crore partly paid-up equity shares.
Background in the update
These shares were issued on a rights basis under a Letter of Offer dated January 30, 2026. A First and Final Call Money Notice was issued on April 29, 2026. The reminder gives the remaining holders an additional opportunity to pay and convert their partly paid-up shares into fully paid-up equity shares of ISIN INE428B01021.
Payment window and mode
- Window: Monday, October 26, 2026 to Monday, November 09, 2026, both days inclusive, a duration of 15 days.
- Mode: NEFT / RTGS to the bank accounts named in the notice, or cheque / demand draft deposited with the Registrar and Transfer Agent, Aarthi Consultants Private Limited.
- Fully paid-up shares are allotted after the RTA verifies the payment.
How the amount is worked out
- Amount due = number of partly paid-up shares held × ₹3.75.
- The notice's own example: a holder of 10 partly paid-up shares owes ₹37.50; if such a holder pays ₹18.75, that holder gets 5 fully paid-up shares, i.e. conversion in proportion to the amount paid.
- The Board may, at its discretion, convert shares in tranches and at intervals it deems appropriate.
Points to note before paying
- Cash payment will not be accepted.
- Part payment is treated as non-payment, though the Board may at its discretion convert a proportionately lower number of shares as described above.
- For a particular demat account / folio, payment can be made only once during the Payment Period; later payments are liable to be rejected.
- Payments from third-party bank accounts are liable to be rejected.
- Excess, duplicate or short amounts that cannot be adjusted will be refunded to the bank account from which the payment came.
- Holders must quote their DP ID – Client ID / Folio No. and "PVV Infra Call Money" in the narration, and send the UTR confirmation to the RTA.
Not a forfeiture notice
- The company states that no forfeiture of partly paid-up equity shares is being threatened or initiated at this stage.
- It intends to give further opportunities to shareholders who do not pay in this window.
- Any future decision on forfeiture would be communicated separately with the minimum prior notice required under the Articles of Association.
Other details in the notice
- No fresh Record Date has been fixed for this reminder.
- Trading in the partly paid-up shares under ISIN IN9428B01029 has been suspended with effect from the Record Date of Monday, April 27, 2026.
- The notice is being sent based on updated beneficiary position data from NSDL and CDSL, which reflects only holders whose call money is still outstanding.
How to read this as a shareholder
- For holders of the partly paid-up shares, this is an operative deadline: the last date of payment is Monday, November 09, 2026.
- Paying the full amount converts the holding into fully paid-up shares carrying ISIN INE428B01021.
- For others, it is a disclosure that a portion of the rights issue proceeds is still to be collected, with the reminder explicitly not being a forfeiture step at this stage.
Also from PVV Infra
Reminder notice for ₹3.75 First and Final Call Money on partly paid-up shares
24 Oct 2026
Board approves conversion of 99,12,608 partly paid-up shares into fully paid-up
9 Oct 2026
More numbers
- First and Final Call money per partly paid-up share₹ 3.75/-
- Total outstanding First and Final Call Money₹ 20,35,75,020.00 /-
- Partly paid-up equity shares on which call money is outstanding5,42,86,672
- Duration of the reminder payment period15 days (both days inclusive)
- Example: amount payable on 10 partly paid-up shares₹37.50/-
- Example: payment made and shares converted proportionately₹18.75/-
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