PVV Infra Limited Completes Postal Ballot for Share Subdivision and Director Appointments

PVV Infra Limited has successfully completed its postal ballot process on March 15, 2026, addressing significant corporate restructuring and governance matters. The company informed BSE Limited about the completion of the postal ballot process at 5.00 P.M. on the specified date, covering three key resolutions that required shareholder approval. Share Subdivision Proposal The primary business matter involved the subdivision of the company's existing equity shares. The proposal sought approval for splitting each equity share with a face value of Rs. 5 into five equity shares with a face value of Rs. 1 each, maintaining the fully paid-up status of all shares. Parameter: Details Current Share Structure: 1 equity share of Rs. 5 face value Proposed Structure: 5 equity shares of Rs. 1 face value each Share Status: Fully paid up (maintained) Split Ratio: 1:5 subdivision Board Strengthening Initiatives The postal ballot also addressed board composition enhancement through the appointment of two independent directors. The company proposed the appointment of Mr. Narsimharao Venkata Laxmi Venuturupalle, holding DIN 10565686, as an Independent Director. Additionally, the appointment of Mr. Tse Hsiung Norman Lao, with DIN 10924375, was also proposed for the same position. Appointee: DIN Position Mr. Narsimharao Venkata Laxmi Venuturupalle: 10565686 Independent Director Mr. Tse Hsiung Norman Lao: 10924375 Independent Director Regulatory Compliance and Next Steps PVV Infra Limited has committed to full regulatory compliance under SEBI guidelines. The company confirmed that detailed voting results will be communicated to the exchanges following receipt of the scrutinizer report, as mandated under Regulation 44 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015. The voting results and related documentation will also be made available on the company's official website at www.pvinfra.com , ensuring transparency for all stakeholders. The completion of this postal ballot process represents a significant step in the company's corporate governance and capital structure optimization efforts, with all procedural requirements being met within the specified timeframe. PVV Infra Limited has published newspaper advertisements regarding the basis of allotment for its rights issue and received trading approval from BSE Limited for its partly paid-up equity shares on February 25, 2026. Rights Issue Allotment and Trading Approval The company's Board of Directors had approved the allotment of 9,86,64,284 partly paid-up equity shares of face value ₹5.00 each on February 23, 2026, through its rights issue at an issue price of ₹5.00 per equity share. BSE Limited granted trading approval on February 25, 2026, for the rights issue partly paid equity shares. Rights Issue Details: Specifications Total Shares Allotted: 9,86,64,284 Face Value per Share: ₹5.00 Issue Price per Share: ₹5.00 Amount Received on Allotment: ₹1.25 per share Balance Amount Payable: ₹3.75 per share Trading Approval Date: February 25, 2026 Newspaper Publication Compliance In compliance with Regulation 92(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, PVV Infra published newspaper advertisements on February 26, 2026, pertaining to the basis of allotment. The advertisements were published in multiple newspapers to ensure wide circulation. Publication Details: Newspapers English Edition: Business Standard - All Edition Hindi Edition: Business Standard Hindi - All Edition Regional Edition: Sakshyam Daily Telugu - Vijayawada Subscription and Allotment Statistics The rights issue received strong response with total applications for 10,53,47,780 rights equity shares. After technical rejections and partial rejections, 1,626 valid applications for 10,34,58,221 rights equity shares were processed, representing 104.85% of the issue size. Application Summary: Details Total Applications Received: 2,020 Valid Applications: 1,626 Shares Applied For: 10,34,58,221 Subscription Level: 104.85% Eligible Shareholders Applications: 1,612 Renouncement Applications: 14 Trading Commencement and ISIN Details The rights equity shares are expected to commence trading on BSE with effect from February 27, 2026. The shares will trade under the new ISIN INE428B01029 for the partly paid-up equity shares. The company completed dispatch of allotment advice and refund intimation on February 24, 2026. The rights issue was conducted in the ratio of 6 rights equity shares for every 7 fully paid-up equity shares held by eligible shareholders on the record date of February 5, 2026. Company Secretary and Compliance Officer Akhilesh Kumar signed the regulatory communication to BSE Limited. Source: None/Company/INE428B01013/5a139f5c-bee2-4951-abd9-fbff738f0b2d.pdf We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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