StockWatch
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Civil Construction
Corporate Action7 Jul 2026, 08:40 pm

PVV Infra converts 59.56 lakh partly paid shares to fully paid

AI Summary

PVV Infra Ltd's Board of Directors approved the conversion of 59,56,513 partly paid-up equity shares into fully paid-up equity shares. This follows the receipt of ₹2,23,36,934 as the first and final call money of ₹3.75 per share. Post-conversion, the company's paid-up share capital will increase to ₹75,57,83,564, comprising 13,02,84,745 fully paid shares and 8,34,87,871 partly paid shares. For the remaining 8,34,87,871 partly paid shares, on which ₹31,30,79,516.25 call money remains unpaid, the Board decided to issue a reminder notice to shareholders, providing an additional opportunity for payment and conversion.

Key Highlights

  • Received ₹2.23 Cr call money for 59.56 lakh partly paid shares.
  • 59.56 lakh partly paid shares converted to fully paid shares.
  • Paid-up capital increased to ₹75.57 Cr post-conversion.
  • Reminder notice to be issued for ₹31.30 Cr unpaid call money.
  • 8.34 Cr partly paid shares still have outstanding call money.