PVV Infra Board to Appoint New Directors and Submit Bids for Major Highway Infrastructure Projects
PVV Infra Ltd has announced that its Board of Directors meeting is scheduled for Tuesday, April 21, 2026. The meeting is set to address significant corporate developments, including the appointment of new directors, participation in key infrastructure tenders, and the final call for a rights issue.The Board meeting agenda includes appointments of three new directors. Mr. Shubh Gangully is slated for appointment as a Whole-Time Director. He brings over 35 years of experience in Corporate Finance, Real Estate Development, and EPC Project Management and is an alumnus of IIM Kolkata. Previously, he served as Group CEO at the Prestige Group in Bangalore.
The company will also welcome two independent directors: Mr. Shrikant Pathak and Mr. Gadde Rama Krishna. Mr. Shrikant Pathak has over 16 years of experience in banking and forex operations, having previously served as Assistant Vice President - Forex at Axis Bank Limited. Mr. Gadde Rama Krishna, who holds a Diploma in Automobile Engineering, contributes over 25 years of experience in automobile services.
A primary focus of the meeting is the submission of bids/tenders by the company. PVV Infra will consider and approve submitting bids pursuant to the Requests for Proposal (RFP) released by National Highways Logistics Management Limited (NHLML), a company operating under the Ministry of Road Transport and Highways, Government of India. These bids pertain to the development and operation of two facilities: a Recreation Center/Wayside Amenity Facility on the Jhansi Expressway, and a Wayside Amenity Facility at Mindiya, Madhya Pradesh, along the NH-752D (Ujjain-Badnawar Corridor, Ujjain Mahakal Project). The company is also seeking authorization to execute necessary documents, undertakings, and bank guarantees related to these bids.
Financially, the Board is scheduled to consider making the First and Final Call of ₹3.75 per share. This call is for 9,86,64,284 partly paid-up equity shares, which have a face value of ₹5 per share. Upon receipt of the call money, these shares are set to be converted into fully paid-up equity shares.
Stock Price Movement
At the close of trade today, PVV Infra Ltd settled at ₹4.01, ticking up 1.52% for the day. Throughout the session, the stock navigated its range, testing a low of ₹3.91 and reaching an intraday peak of ₹4.08.Source:
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