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PVV Infra informs about outcome of board meeting

24 Jun 2024 Evaluate
PVV Infra has informed that the Board of Directors of the Company at their meeting held today on Monday, June 24, 2024, considered and approved the following business item: the Board of Directors of the Company in their meeting held today has made allotment of 47,96,361 fully paid-up Bonus Equity Shares of Rs 10 each in the ratio 1:5 One Equity Share of Rs 10 each for every Five Equity Share of Rs. 10/- each held by the shareholders of the Company as on the record date (June 21, 2024), in accordance with SEBI (ICDR) Regulations, 2018 and applicable rules. The Bonus Equity Shares as allotted above shall rank pari passu and carry the same rights with the existing Equity Shares of the Company in all respects. Accordingly, the paid-up equity share capital of the Company has increased as, post allotment- 2,87,78,162 equity shares of Rs 10 each, amounting to Rs 28,77,81,620. Further it is to be stated that the Company said Warrant holders shall also be eligible for the bonus issue of equity shares post conversion of such warrants into Equity Shares. The Company has also keep a reserve of Rs 20,00,000 (Rupees Twenty Lacs Only) for the purpose of bonus issue of equity shares to the warrant holders, as the case may be, post conversion into equity shares by capitalisation of Securities Premium account and/or reserves & surplus. The Board of Directors of the Company have reserved 2,00,000 bonus shares for 10,00,000 (Ten lakhs) number of outstanding warrants as on record date has been converted into equivalent number of equity shares on 21/06/2024, shall be eligible for allotment of Bonus equity shares in the ratio of 1:5 (One equity shares for every five equity shares held). The Board Meeting commenced at 10:30 AM and concluded at 11:00 AM.

The above information is a part of company’s filings submitted to BSE.

PVV Infra Share Price

3.91 -0.15 (-3.69%)
17-Apr-2026 16:59 View Price Chart
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