Reminder notice for ₹3.75 First and Final Call Money on partly paid-up shares
Board approved a Reminder Notice for unpaid First and Final Call Money.
By ScoutQuest · · 3 min read
- Call money per share
- ₹ 3.75/- per partly paid-up equity share
- Total outstanding
- ~₹ 20.36 crore on ~5.43 crore partly paid-up equity shares
- Payment window
- Monday, October 26, 2026 to Monday, November 09, 2026 (15 days)
What the board approved
The Board of PVV Infra Ltd, at its meeting on Saturday, October 24, 2026, approved the dispatch of a Reminder Notice to holders of partly paid-up equity shares (ISIN IN9428B01029) whose First and Final Call Money remains unpaid. This follows the First and Final Call Money Notice dated Tuesday, April 29, 2026, issued under the rights issue Letter of Offer dated January 30, 2026.
The numbers
- Call money per share: ₹ 3.75/- per partly paid-up equity share
- Aggregate amount outstanding: ~₹ 20.36 crore
- Partly paid-up equity shares on which it is due: 5,42,86,672
- Payment window: Monday, October 26, 2026 to Monday, November 09, 2026 — 15 days, both days inclusive
- Last date of payment: Monday, November 09, 2026
What happens on payment
Paying the call converts partly paid-up equity shares into fully paid-up equity shares (ISIN INE428B01021). The company will allot the fully paid-up shares after the Registrar and Transfer Agent, Aarthi Consultants Private Limited, verifies the payment. The Board may convert the shares in tranches at its discretion, and the corporate action is estimated to be completed on a best effort basis after the Board opts to convert.
Not a forfeiture
The update states that the Reminder Notice is not a Forfeiture Notice and that no forfeiture of partly paid-up equity shares is being threatened or initiated at this stage. The company intends to give further opportunities to shareholders who do not pay during this window, and any future forfeiture decision would be communicated separately with minimum prior notice as required under the Articles of Association.
Payment rules to note
- No cash payment; pay via NEFT/RTGS to the designated bank accounts, or by cheque/demand draft through the Registrar and Transfer Agent.
- No part payment is accepted and it is treated as non-payment, though the Board may, at its discretion, convert a proportionately lower number of shares.
- Payment for a particular demat account or folio is accepted only once during the window; later payments are liable to be rejected.
- Payments from third-party bank accounts are liable to be rejected, and post-dated cheques are not accepted.
- The notice's example: a holder of 10 partly paid-up shares owes ₹ 37.50/-; a payment of ₹ 18.75/- could get 5 shares converted to fully paid-up.
Share status
The partly paid-up shares carry a face value of ₹5/- each with ₹1.25/- paid-up. Trading in ISIN IN9428B01029 has been suspended with effect from the Record Date of Monday, April 27, 2026, and no fresh record date has been fixed for this reminder. The reminder goes only to holders whose call money still appears outstanding in the updated depository beneficiary position data.
What it means for retail investors
The notice extends an additional window to holders of partly paid-up shares to pay and complete their shares, with a clear deadline of Monday, November 09, 2026. The quantum involved is ~₹ 20.36 crore, and how much of it is received by the deadline will depend on payments by those holders. The terms of the call are unchanged; the update sets out the process, the deadline and what happens to shares once payment is confirmed.
Also from PVV Infra
Reminder notice for ₹3.75 First and Final Call money on ~5.43 crore 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 equity share₹ 3.75/-
- Aggregate First and Final Call Money outstanding₹ 20,35,75,020.00
- Partly paid-up equity shares on which call money is due5,42,86,672
- Payment window duration under the Reminder Notice15 days
- Face value per partly paid-up equity share₹5/-
- Amount already paid-up per partly paid-up equity share₹1.25/-
- Example: amount payable on 10 partly paid-up shares₹37.50/-
- Example: part payment made on 10 partly paid-up shares₹18.75/-
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