Description

BSE announces listing and trading of 9,86,64,284 partly paid-up equity shares of PVV Infra Ltd. issued on rights basis, effective February 27, 2026, under Group X securities.

Summary

BSE has announced the listing and trading of 9,86,64,284 partly paid-up equity shares of PVV Infra Ltd., issued on a rights basis, effective Friday, February 27, 2026. The shares will be listed under the ‘X’ Group of Securities with scrip code 890233 and scrip ID PVVIPP. The temporary ISIN has been suspended in accordance with SEBI circulars on additional share issuances.

Key Points

  • 9,86,64,284 partly paid-up equity shares of Rs. 5/- face value (Rs. 1.25/- paid-up) to be listed and traded from February 27, 2026
  • Shares classified under Group X with market lot of 1
  • Scrip Code: 890233 | Scrip ID: PVVIPP | ISIN: IN9428B01029
  • Issue price is Rs. 5/- per share: Rs. 1.25/- paid on application; remaining Rs. 3.75/- payable on subsequent calls at Board’s discretion
  • Dividend entitlement is proportionate to the amount paid-up
  • Temporary ISIN IN8428B01046 suspended per SEBI Circular CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012

Regulatory Changes

No new regulatory changes introduced. The temporary ISIN (IN8428B01046) has been suspended in compliance with SEBI Circulars CIR/MRD/DP/21/2012 (August 02, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012), which govern the activation of ISINs for additional share/securities issuances.

Compliance Requirements

  • Trading members must note the new scrip details (Code: 890233, ID: PVVIPP, ISIN: IN9428B01029) for trading purposes from February 27, 2026
  • Members must cease using the temporary ISIN IN8428B01046, which stands suspended
  • Dividend handling must account for proportionate entitlement based on paid-up amount (Rs. 1.25/- out of Rs. 5/-)

Important Dates

  • Date of Allotment: February 23, 2026
  • Listing & Trading Commencement: February 27, 2026 (Friday)
  • Notice Date: February 25, 2026

Impact Assessment

This listing is relevant to existing shareholders who participated in PVV Infra Ltd.’s rights issue. The partly paid-up nature of shares (Rs. 1.25/- of Rs. 5/- paid) means shareholders will face future cash call obligations of Rs. 3.75/- per share, payable at the Board’s discretion. The large quantum of shares (98.66 million) entering the ‘X’ group may have limited liquidity implications. Trading members should update their systems with the new scrip details before February 27, 2026.

Impact Justification

Routine rights issue listing for PVV Infra Ltd. affecting existing rights holders; partly paid-up shares add complexity with future call obligations, but impact is limited to company-specific shareholders.