PVV Infra, focused on Way Side Amenities and Renewable Energy Asset Development, plans to increase its authorised share capital to ₹170 crore from ₹120 crore to support future expansion and enhance operational capabilities.
The Board approved an increase in the company’s share capital, subject to shareholders’ approval through an Extraordinary General Meeting. The move is intended to facilitate future capital requirements, including the proposed preferential issue of convertible equity share warrants.
The Board also approved the issuance of up to 6.65 crore convertible equity share warrants on a preferential basis at ₹7.50 per warrant to raise ₹50 crore. The preferential issue will be made to a mix of promoter and public investors.
The Board also authorised Managing Director Shubh Gangully to act as the authorised signatory for bidding and execution-related documentation concerning National Highways Logistics Management WSA projects.
The projects include multiple strategic highway infrastructure locations under the NHAI ecosystem, reinforcing the company’s participation in India’s expanding road and logistics infrastructure development.
