PVV Infra eyes ₹170 crore capital boost for expansion

PVV Infra, a company specializing in Way Side Amenities and Renewable Energy Asset Development, is poised for significant growth. The Board of Directors has approved a proposal to increase the company's authorized share capital from ₹120 crore to ₹170 crore. This strategic move is subject to shareholder approval at an upcoming Extraordinary General Meeting.

The company further plans to raise ₹50 crore by issuing up to 6.65 crore convertible equity share warrants on a preferential basis, priced at ₹7.50 per warrant. These funds will support future capital requirements and operational enhancements.

In line with its expansion strategy, PVV Infra has also authorized its Managing Director, Shubh Gangully, to handle documentation for National Highways Logistics Management WSA projects. These projects are crucial for India's growing road and logistics infrastructure.

Furthermore, Deepika Sharma has been appointed as an Independent Director for a five-year term, pending shareholder approval. With over two decades of experience in real estate and infrastructure, Sharma's expertise in strategic sales, brand management, and business growth is expected to be invaluable.