Key Amendments and Additions
1. Amendment to Objects of the Preferential Issue
The objects of the preferential issue have been amended. The Company proposes to raise funds aggregating up to ₹49,87,50,000 (Rupees Forty-Nine Crore Eighty-Seven Lakh Fifty Thousand only). The net proceeds will be utilized as follows:
- ₹34,91,25,000 (70%) for Working Capital Requirements of the Company
- ₹12,46,87,500 (25%) for General Corporate Purposes
- ₹2,49,37,500 (5%) for Issue Related Expenses
Note: The utilization schedule is indicative. Actual deployment may vary based on business requirements, market conditions, and the timing and quantum of warrant exercises. Funds will be deployed in a phased manner as warrants are exercised and the balance 75% of the issue price is received. Actual utilization will be disclosed per SEBI LODR Regulations.
2. Addition of Pre and Post Preferential Issue Shareholding Pattern
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. Pre-issue fully diluted capital = 21,37,72,616 equity shares. Post-issue fully diluted capital (upon full conversion of all Warrants) = 28,02,72,616 equity shares.
Detailed Allottee Holding Pattern:
- Pinnamaneni Estates Private Limited (Promoter): Pre-issue 1,38,65,250 warrants (20.85% FD), Post-issue 5,84,36,678 shares (20.85%)
- Krishna Karthik Pothur (Non-Promoter): Pre-issue 19,95,000 warrants (0.06% FD), Post-issue 33,10,000 shares (1.18%)
- Codemosaic Systems Private Limited (Non-Promoter): Pre-issue 30,00,000 warrants (0.00% FD), Post-issue 30,00,000 shares (1.07%)
- 25 other non-promoter entities receiving warrants ranging from 50,000 to 32,00,000 each
Aggregate Shareholding Pattern Change:
- Promoters Group: Pre-issue 45,949,040 shares (21.49%), Post-issue 59,814,290 shares (21.34%)
- Non-Promoter Group: Pre-issue 167,823,576 shares (78.51%), Post-issue 220,458,326 shares (78.66%)
- Body Corporate: Pre-issue 67,869,680 shares (31.75%), Post-issue 116,879,430 shares (41.70%)
- Others Including Public and Trustees: Pre-issue 94,971,177 shares (44.43%), Post-issue 98,596,177 shares (35.18%)
3. Addition of Current and Proposed Status of Proposed Allottees
4. Valuation Report Disclosure
Publication and Availability
The corrigendum is being published in Business Standard (English), Business Standard (Hindi), and Sakshyam daily (Telugu). It is also available on the company website at www.pvvinfra.com. The EGM Notice dated May 21, 2026 must be read collectively with this corrigendum.