Description

BSE lists 9,86,64,284 partly paid-up equity shares of PVV Infra Ltd. issued on rights basis, effective February 27, 2026, under the 'X' group with scrip code 890233.

Summary

BSE has notified trading members that 9,86,64,284 partly paid-up equity shares of PVV Infra Ltd., issued on a rights basis, will be listed and permitted to trade on the Exchange effective Friday, February 27, 2026. The shares are classified under the ‘X’ group with scrip code 890233 and scrip ID PVVIPP.

Key Points

  • 9,86,64,284 equity shares of Rs. 5/- face value, partly paid-up at Rs. 1.25/-, issued on rights basis
  • Listing effective from February 27, 2026 under ‘X’ Group
  • Scrip Code: 890233 | Scrip ID: PVVIPP | ISIN: IN9428B01029
  • Issue price is Rs. 5/- per share; Rs. 1.25/- paid on application, Rs. 3.75/- payable on subsequent calls at Board’s discretion
  • Distinctive numbers range: 1 to 98664284
  • Dividend entitlement is proportionate to the amount paid-up
  • Temporary ISIN IN8428B01046 has been suspended per SEBI circulars dated August 2, 2012 and September 11, 2012

Regulatory Changes

No new regulatory changes. The temporary ISIN (IN8428B01046) is suspended in accordance with existing SEBI Circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 governing activation of ISINs for additional issues.

Compliance Requirements

  • Trading members must update their systems to reflect the new scrip code 890233 and ISIN IN9428B01029 for PVV Infra Ltd. partly paid-up shares
  • The temporary ISIN IN8428B01046 should no longer be used for trading purposes
  • Dividend calculations must be done proportionate to the paid-up amount (Rs. 1.25/- out of Rs. 5/-)

Important Dates

  • Date of Allotment: February 23, 2026
  • Listing / Trading Commencement Date: February 27, 2026

Impact Assessment

This is a routine listing notification with limited market impact. Only existing rights issue subscribers of PVV Infra Ltd. are directly affected. The shares trade in the ‘X’ group (which typically indicates securities with specific trading restrictions), with a market lot of 1. The balance call amount of Rs. 3.75/- per share remains payable in future tranches as determined by the company’s Board, which may affect the trading price of the partly paid-up shares relative to fully paid-up shares.

Impact Justification

Routine listing of partly paid-up rights issue shares for a single company; impacts existing rights issue subscribers of PVV Infra Ltd. only, with no broad market implications.