AGM/EGM29 Aug 2026, 02:31 pm
PVP Ventures Ltd: AGM Notice Corrigendum on Remuneration
AI Summary
PVP Ventures Ltd has issued a corrigendum to its 35th Annual General Meeting (AGM) notice, scheduled for September 7, 2026. The correction pertains to Item No. 10, which now includes 'RE-APPOINTMENT' alongside the 'APPROVAL OF PAYMENT OF MANAGERIAL REMUNERATION' for Mr. Prasad V. Potluri, Chairman and Managing Director. The resolution seeks member approval for his re-appointment for five years (2026-2031) and managerial remuneration of ₹5 crore for FY 2026-27, even in the absence of profits. Additionally, it covers fees for collateral securities and personal guarantees provided by him. The Board of Directors is authorized to modify terms within legal frameworks.
Key Highlights
- AGM notice corrected to include re-appointment of CMD.
- CMD re-appointment for five years approved.
- Managerial remuneration of ₹5 crore proposed for FY27.
- Fees for collateral securities and personal guarantees to be approved.
- Resolution requires Special Resolution approval from members.
Price Impact
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