Hyderabad, December 31, 2024: PVV Infra Restricted, an Infrastructure Firm primarily into solar energy rooftop installations, at its Board assembly held at the moment authorised a number of strategic choices geared toward enhancing the corporate’s progress trajectory and strengthening its operational framework.
Among the many key choices, the Board authorised elevating as much as ₹49.50 crore by a Rights Problem of totally paid-up fairness shares with a face worth of ₹10 every, offering current shareholders a possibility to take part within the firm’s progress.
The specifics of the difficulty, together with the value, entitlement ratio, and report date, might be finalized sooner or later, topic to regulatory approvals.
To help future progress and funding wants, the Board proposed growing the licensed share capital from ₹60 crore to ₹120 crore, topic to shareholders’ approval through a postal poll. Moreover, the Board authorised alterations within the Object Clause of the Memorandum of Affiliation (MOA) to include actions associated to photo voltaic and wind vitality programs, LED manufacturing, EV merchandise, and consultancy providers, underscoring the corporate’s dedication to sustainability and inexperienced vitality initiatives.
In a major transfer, Mr. Sunil Jagtap, an skilled in inexperienced vitality with over 22 years of expertise within the photo voltaic and wind vitality sectors, was appointed as an Further Director underneath the Government Director class. His intensive experience is anticipated to vastly improve the corporate’s renewable vitality endeavours.
The Board additionally appointed M/s Sambhu Prasad Hanumath Venkata Srinaga Mukkamala, a distinguished agency of Practising Firm Secretaries from Visakhapatnam, because the Secretarial Auditor for FY 2024-25. Moreover, the Board authorised the circulation of a postal poll discover to hunt shareholder approval for these crucial choices.
About PVV Infra
PVV Infra gives providers encompassing engineering, design, planning, and execution of infrastructure tasks. Moreover, it undertakes the possession, building, operation, and switch of energy era amenities.
The corporate can also be concerned in developing varied buildings comparable to houses, industrial parks, multiplexes, procuring facilities, and townships, amongst different ventures.
Disclaimer:- This story has not been edited by SugerMint workers and supplied by the company. SugerMint won’t be accountable in any manner for the content material of this story.
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