PVV Infra Limited issued a corrigendum to its Extraordinary General Meeting (EGM) notice dated May 21, 2026. The EGM is scheduled for Saturday, June 13, 2026, at 11:00 A.M. (IST) through Video Conferencing / Other Audio Visual Means. This corrigendum amends and supplements the Explanatory Statement for Item No. 2 regarding the issuance of Convertible Equity Share Warrants on a preferential basis, in accordance with SEBI ICDR Regulations.
Key Amendments and Additions:
1. Amendment to Objects of the Preferential Issue:
The company proposes to raise funds aggregating up to ₹49,87,50,000 (Rupees Forty-Nine Crore Eighty-Seven Lakh Fifty Thousand only) through the issuance of 6,65,00,000 Convertible Equity Share Warrants. The net proceeds will be utilized as follows:
- ₹34,91,25,000 (70%) for Working Capital Requirements
- ₹12,46,87,500 (25%) for General Corporate Purposes
- ₹2,49,37,500 (5%) for Issue Related Expenses
The utilization schedule is indicative, and actual deployment may vary based on business requirements and the timing of warrant exercises. The company will disclose actual utilization as per SEBI LODR Regulations.
2. Addition of Pre and Post Preferential Issue Shareholding Pattern:
The pre-issue shareholding is computed on a fully diluted basis assuming full payment of call money on all 9,86,64,284 partly paid-up equity shares allotted pursuant to the Rights Issue on February 23, 2026. The pre-issue fully diluted capital is 21,37,72,616 equity shares. The post-issue fully diluted capital (upon full conversion of all warrants) will be 28,02,72,616 equity shares.
Detailed shareholding pattern for 28 allottees was provided, showing pre-issue and post-issue holdings. The promoter group holding will change from 45,949,040 shares (21.49%) pre-issue to 5,98,14,290 shares (21.34%) post-issue on a fully diluted basis. Public holding will change from 167,823,576 shares (78.51%) to 220,458,326 shares (78.66%).
3. Addition of Current and Proposed Status of Proposed Allottees:
All 28 proposed allottees will maintain their current status (Promoter or Non-Promoter) post-issue. None of the allottees will acquire control over the company, and existing promoters will continue to be in control.
4. Valuation Report:
A certificate issued by A. Somesh Rao, Registered Valuer, certifying compliance with SEBI ICDR Regulations will be made available for inspection during the meeting and on the company's website at https://pvvinfra.com/UPLOADDOCUMENTS/Valuation-report-signed-RVPVV-Infra-14-05-2026-aabc-final.pdf.
Other Details:
The corrigendum was published in Business Standard (English and Hindi) and Sakshyam daily (Telugu) and is available on the company website at www.pvvinfra.com. All other contents of the original EGM notice remain unchanged except as modified by this corrigendum.