PVV Infra board approves ₹49.87 crore preferential issue, expands capital base

The Board of PVV Infra Ltd, an Infrastructure company mainly into Way Side Amenities (WSA) & Renewable Energy Asset Development has approved an increase in the company’s authorised share capital from ₹120 crore to ₹170 crore, subject to shareholders’ approval through an Extraordinary General Meeting (EGM).

The move is intended to facilitate future capital requirements, including the proposed preferential issue of convertible equity share warrants, the company said.

The Board also approved the issuance of up to 6.65 crore convertible equity share warrants on a preferential basis at an issue price of ₹7.50 per warrant, aggregating up to about ₹49.87 crore. The preferential issue will be made to a mix of promoter and public investors, in accordance with SEBI regulations and subject to shareholders’ approval.

“The proposed capital infusion is expected to strengthen financial position, support business expansion plans, improve execution capabilities, and enhance long-term shareholder value,” the company said.

As part of its infrastructure growth strategy, the Board has authorized Managing Director Shubh Gangully to act as the authorized signatory for bidding and execution-related documentation concerning National Highways Logistics Management Limited (NHLML) Way Side Amenities (WSA) projects across various states of India.

The projects include multiple strategic highway infrastructure locations under the NHAI ecosystem, reinforcing PVV Infra’s participation in India’s expanding road and logistics infrastructure development.

To strengthening its leadership team, the Board approved the appointment of Deepika Sharma as an Independent Director for a term of five years.