PVV Infra Limited Board Approves MD Appointment, Calls on Share Capital, and Targets New Infrastructure Bids

PVV Infra Limited Board Approves MD Appointment, Calls on Share Capital, and Targets New Infrastructure Bids​

PVV Infra Limited announced that its Board of Directors convened a meeting on April 21, 2026, approving several strategic governance changes, approving the submission of bids for national infrastructure projects, and initiating the first and final call on partly paid-up equity shares.

The board meeting focused heavily on strengthening the company’s leadership and corporate structure, alongside advancing its participation in large-scale logistics and amenity development projects.

Key Appointments and Changes in Leadership​

The board approved the appointment of four key individuals to strengthen the company's board composition.

Mr. Shubh Gangully (DIN: 01229359) was approved for appointment as Managing Director. His term is five years, commencing from April 21, 2026, and he will be liable to retire by rotation. Mr. Gangully, an alumnus of the Indian Institute of Management (IIM), Kolkata, brings over 35 years of experience in EPC Project Management, Real Estate Development, and Corporate Finance, having previously served as Group CEO at the Prestige Group.

Additionally, two independent directors were appointed:

• Mr. Shrikant Pathak (DIN: 08684990) was appointed as an Independent Director for five consecutive years, effective April 21, 2026. Mr. Pathak is a seasoned banking and finance professional with over 16 years of experience, having previously served at Axis Bank Limited.
• Mr. Krishna Karthik Pothur (DIN: 11675441) was appointed as an Independent Director for five consecutive years, effective April 21, 2026. Mr. Pothur has experience in business operations, management, and strategic planning, and has been involved in the real estate sector.

The board also approved the appointment of Mr. Gadde Rama Krishna (DIN: 11657343) as a Whole-Time Director for five consecutive years, starting April 21, 2026. Mr. Gadde’s background includes over 25 years of experience in the automobile services industry.

Resignation of CFO and Whole-Time Director​

The board accepted the resignation of Mr. Tirumala Rao Kunderu (DIN: 06459338) from the posts of Whole-Time Director and Chief Financial Officer (CFO). The resignation is effective from April 21, 2026, due to unavoidable medical reasons.

Financial Operations and Bids​

In terms of financial activities, the board approved the making of the First and Final Call on partly paid-up equity shares. The total First and Final Call amount stands at ₹36,99,91,065. This is based on 9,86,64,284 partly paid-up equity shares, with a call amount of ₹3.75 per share.

The company further approved the appointment of Skyline Financial Services Private Limited to serve as the Registrar and Transfer Agent for this call.

The payment schedule and record dates are outlined as follows:


Separately, the board approved the submission of bids and tenders to National Highways Logistics Management Limited (NHLML). The bids are in connection with developing and operating two facilities:
1. A Recreation Center / Wayside Amenity Facility on the Jhansi Expressway.
2. A Wayside Amenity Facility at Mindiya, Madhya Pradesh on NH-752D (Ujjain -Badnawar Corridor).

Corporate Governance and Structure Changes​

The board also approved two key structural changes:

1. Shift of Registered Office: The board approved the proposal to shift the Registered Office of the Company from the State of Andhra Pradesh to the State of Maharashtra. This move is intended to align with the company's long-term strategic objectives and operational efficiency. The proposal remains subject to necessary shareholder approvals and regulatory sanctions.

2. Appointment of Secretarial Auditor: Mr. Vinay Babu Gade was approved as the Secretarial Auditor for the financial years 2025-26 and 2026-27.

The company also approved the appointment of M/s. Vinay Babu Gade Practicing Company Secretary as the Secretarial Auditor, citing his experience in Corporate Law and Listing Regulations.

Stock Price Movement​

As of 12:21, PVV Infra Ltd shares are ticking up, currently trading at ₹4.18, making a solid gain of 1.95%. Throughout the session, the shares moved within a noticeable range, finding support near ₹4.15 while hitting an intraday high of ₹4.45.