Market
  • Company Info.

    PVV Infra Ltd.

    Management Team



    Market Cap.(`) 28.09 Cr. P/BV 0.48 Book Value (`) 10.14
    52 Week High/Low ( ` ) 11/4 FV/ML 10/1 P/E(X) 5.13
    Book Closure 20/08/2024 EPS (`) 0.95 Div Yield (%) 0.00
    You can view Board of Directors and Key Executives of the company.

    Board of Directors
    Sr.No.NameDesignation
    1 Mr. Tirumala Rao KunderuWhole Time Director
    2 Mr. Hebbagilumane NagarajIndependent Director
    3 Ms. Sabbana NagamaniIndependent Director
    4 Mr. Ravinder TeralaIndependent Director
    5 Mr. Venkata Srinivasa Murthy GosalaIndependent Director

    Key Executives
    Sr.No.NameDesignation
    1 Mr. Akhilesh KumarCo. Secretary & Compl. Officer
  • PVV Infra Ltd.

    Directors Report



    Market Cap.(`) 28.09 Cr. P/BV 0.48 Book Value (`) 10.14
    52 Week High/Low ( ` ) 11/4 FV/ML 10/1 P/E(X) 5.13
    Book Closure 20/08/2024 EPS (`) 0.95 Div Yield (%) 0.00
    You can view full text of the latest Director's Report for the company.
    Year End :2024-03

    Your Directors have pleasure in presenting before you the 29th Board Report on the Company's business and
    operations, together with the audited standalone financial statements for the financial year ended
    March 31, 2024.

    Financial performance

    The financial highlights (standalone) of the Company's operations are as follows:

    (Rs. in Crore)

    Particulars

    2023-24

    2022-23

    Total Income

    89.05

    37.63

    Total Expenditure

    85.42

    37.60

    Profit before Tax

    3.64

    0.02

    Total Tax expenses

    0.55

    0.00

    Profit after Tax

    3.09

    0.02

    EPS (in Rs)

    1.34

    0.03

    Performance

    The total revenue of the Company for the financial year ended March 31, 2024 was Rs. 89.05 Crores as
    compared to the previous year's total revenue of Rs. 37.63 Crores. During FY 2023-2024, the Company has a
    net profit of Rs 3.09 Crores as against the previous year's net profit of Rs. 0.02 Crores.

    Change in the nature of business

    There was no change in nature of the business of the Company during the financial year ended on
    March 31, 2024.

    Secretarial Standards

    Your Company has devised proper systems to ensure compliance with the provisions of all the applicable
    Secretarial Standards issued by the Institute of Company Secretaries of India and that such systems are
    adequate and operating effectively. During the year under review, your Company has complied with the
    Secretarial Standards issued by the Institute of Company Secretaries of India.

    Share Capital

    During the F.Y. 2023-24, there is no change in the authorised share capital of the Company as Rs 27,00,00,000
    (Rupees Twenty seven crores only) divided into 2,70,00,000 (Two Crore and seventy lakhs) equity shares of
    Rs10/- each.

    Subsequent to the end of the financial year, the authorised share capital was increased from Rs
    27,00,00,000/- (Rupees twenty seven crore only) to Rs 30,00,00,000/-. (Rupees thirty crore only).

    The paid up equity share capital of the Company as on March 31 2024 was Rs. 22,98,18,010 divided into
    2,29,81,801 equity shares of Rs. 10/- each.

    The paid up share capital as on the date of this report is Rs 28,77,70,830/-.

    Transfer to reserves

    During the year under review, no amount was transferred to reserves.

    Dividend

    Your Board of Directors has not declared any dividend during the year.

    Buy Back of shares

    The Company has not bought back any of its securities during the financial year ended March 31, 2024.

    Indian Accounting Standards (Ind AS)

    The Company has adopted Indian Accounting Standards (Ind AS). The standalone financial statements of the
    Company forming part of the Annual Report have been prepared and presented in accordance with all the
    material aspects of the Indian Accounting Standards ('Ind AS') as notified under section 133 of the Companies
    Act 2013 read with the Companies (Indian Accounting Standards) Rules 2015 and relevant amendment rules
    issued thereafter and guidelines issued by the Securities Exchange Board of India ("SEBI").

    Deposits

    The Company has not accepted any deposits from public in terms of Section 73 of the Companies Act, 2013
    and as such, no amount on account of principal or interest on public deposits was outstanding as on the date
    of the balance sheet.

    Significant and material orders passed by the regulators

    There are no significant or material orders passed by the Regulators / Courts which would impact the going
    concern status of your Company and its future operations.

    Material changes and commitments

    There were no material changes and commitments, affecting the financial position of the Company between
    the end of the financial year March 31, 2024, to which the financial statements relates and the date of signing
    of this report.

    Board of Directors

    During the year under review the following Directors were appointed and resigned:

    Ms. Meenu Snjay Sinha resigned effective October 23, 2023.

    Mr. Anmol Sanjay Sinha resigned effective October 23, 2023

    Mr. Srikanth Asamseti was appointed on October 23, 2023 and resigned effective March 07 2024
    Mr. Sunil Jagtap was appointed on March 07 2024 and resigned effective June 21 2024
    Mr. Ramesh Pandey resigned effective October 18 2023.

    Ms. Sabbana Nagamani was appointed effective October 23 2023.

    Subsequent to the end of the financial year ended March 31, 2024, the Board of Directors of the Company
    has appointed Mr. Venkata Srinivasa Murthy Gosala (DIN: 10616702) as an Additional Director under the
    category of Independent Director effective June 21 2024.

    His regularisation for appointment as an Independent Director of the Company is part of the notice of the
    annual general meeting for the approval of members of the Company. The Board of Directors recommends
    his appointment.

    Key Managerial Personnel

    During the year under review, there was no change in the KMP's of the Company

    Declaration by the Independent Directors

    The Company has received declarations from all the Independent Directors of the Company confirming that
    they continue to meet the criteria of independence, as prescribed under Section 149 of the Companies Act,
    2013, rules made there under and Regulations 16 & 25 of the Listing Regulations. The Independent Directors
    have also confirmed that they have complied with the Company's code of conduct.

    Nomination and Remuneration Policy:

    Pursuant to the provisions of Section 178(3) of the Companies Act, 2013, and Regulation 19 of the Listing
    Regulations, the Nomination and Remuneration Committee has formulated a policy relating to the
    nomination and remuneration for the Directors and the Key Managerial Personnel (KMP). The current policy
    is to have an appropriate mix of executive, non-executive and independent directors to maintain the
    independence of the Board and separate its functions of governance and management. The policy of the
    Company on directors' appointment and remuneration, including criteria for determining qualifications,
    positive attributes, independence of a director and other matters are adopted as per the provisions of the
    Companies Act, 2013. The detailed policy is available on the Company's website at
    www.pvvinfra.com

    The details of remuneration during the year 2023-24 as per Rule 5 (1) of the Companies (Appointment &
    Remuneration of Managerial Personnel) Rules 2015 is attached as
    Annexure - III.

    Board Evaluation

    The parameters and the process for evaluation of the performance of the Board and its Committees have
    been explained in the Corporate Governance Report.

    Familiarisation Programme

    In terms of Clause 25(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
    details of the familiarization programme of the Independent Directors are available on the website of the
    Company At
    www.pvvinfra.com

    Meetings of the Board of Directors

    The Board of Directors of the Company duly met 12 (Twelve times) during the financial year. The intervening
    gap between any two meetings was within the prescribed period. The details of the Board meetings is given
    in the Corporate Governance Report.

    Committees of the Board

    We have in place all the Committees of the Board which are required to be constituted under the Companies
    Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

    A detailed note on the Board and its Committees is provided under the Corporate Governance Report section
    in this Board's Report.

    Statutory Auditors

    M/s. SMV & Co. Chartered Accountants, Hyderabad having Firm registration number 015630S as Statutory
    was appointed as statutory Auditors of the Company up to FY 2028-29.

    The Auditors' Report for FY 2023-24 does not contain any qualification, reservation or adverse remark. The
    Report is enclosed with the financial statements in this Annual Report.

    Internal Auditors

    The Company has external firms of Chartered Accountants acting as internal auditors that reviews internal
    controls and operating systems and procedures as per the scope of audit. The Internal Audit Reports of the
    Company are reviewed by the Audit Committee on quarterly basis.

    The Board of Directors, on recommendation of the Audit Committee appoints/re-appoints the Internal
    Auditors of your Company every year in compliance with Section 138 of the Act read with the Companies
    (Accounts) Rules, 2014.

    The Board of Directors has reappointed Kota and Associates, Chartered Accountants as Internal Auditor of
    the Company for the FY 2024-25. The recommendations of the internal audit team on improvements required
    in the operating procedures and control systems are also presented to the Audit Committee, for the teams
    to use these tools to strengthen the operating procedures.

    Cost Audit

    Pursuant to Section 148(1) of the Companies Act, 2013, Cost Audit is not applicable to the Company for the
    financial year ended March 31, 2023.

    Secretarial Auditors

    Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and
    Remuneration of Managerial Personnel) Rules 2014, the Board had appointed Mr. Bharatiraju Vegiraju
    (COP Number: 14926) Practicing Company Secretary as Secretarial Auditors to conduct Secretarial audit of
    the Company for the FY 2023-24.

    The Secretarial Audit Report issued by Mr. Bharatiraju Vegiraju, Practicing Company Secretary in form
    MR-3 is enclosed as
    Annexure - IV to this Annual Report.

    Corporate Social Responsibility (CSR)

    During the year under review, the provisions of the section 135 of the Companies Act, 2013 are not applicable
    to the Company.

    Management Discussion and Analysis Report

    In terms of the provisions of Regulation 34 of the Listing Regulations, the Management Discussion and
    Analysis Report highlighting the industry structure and developments, opportunities and threats, outlook,
    risks and concerns etc. is annexed as
    Annexure-VI of this Annual Report.

    Corporate Governance

    The detailed report on Corporate Governance along with the Auditors' Certificate on Corporate Governance
    as stipulated under Regulation 34 read with Schedule V of Securities and Exchange Board of India (Listing
    Obligationsand Disclosure Requirements) Regulations, 2015 enclosed as
    Annexure-VII.

    Statement containing additional information as required under Schedule V of the Companies Act, 2013

    A statement containing additional information as required under Clause IV of Section II of Part II of Schedule
    V of the Companies Act, 2013 is provided in the Report on Corporate Governance, which forms part of this
    Annual Report.

    Risk Management

    During the year, the risk assessment parameters were reviewed and modified. The audit committee reviewed
    the element of risks and the steps taken to mitigate the risks. In the opinion of the Board, there are no major
    elements of risk which have the potential of threatening the existence of the Company.

    The audit committee provides the framework of Risk Management by describing mechanisms for the
    proactive identification and prioritization of risks based on the scanning of the external environment and
    continuous monitoring of internal risk factors.

    Analysis of the risks identified is carried out by way of focused discussion at the meetings of the Board. The
    robust governance structure has also helped in the integration of the Enterprise Risk Management process
    with the Company's strategy and planning processes where emerging risks are used as inputs in the strategy
    and planning process. Identified risks are used as one of the key inputs in the strategy and business plan.

    Internal Financial Control Systems and their adequacy

    The Board has adopted policies and procedures for ensuring the orderly and efficient conduct of its business,
    including adherence to the Company's policies, safeguarding of its assets, prevention and detection of fraud,
    error reporting mechanisms, accuracy and completeness of the accounting records, and timely preparation
    of reliable financial disclosures.

    Based on the framework of internal financial controls and compliance systems established and maintained
    by the Company, including the audit of internal financial controls over financial reporting by the statutory
    auditors and the reviews performed by management and the relevant board committees, including the audit
    committee, the Board is of the opinion that the Company's internal financial controls were adequate and
    effective during FY 2023-24. Please refer Internal control systems and adequacy" in the Management
    Discussion and Analysis report.

    Consolidated financial statements

    The Company has prepared the financial statements for the financial year ended March 31, 2024 on
    standalone basis, since there were no subsidiaries or associates of the Company as at the end of the FY 2023¬
    24.

    Whistle blower Policy/Vigil Mechanism

    Pursuant to the requirement of the Companies Act, 2013 and of Regulation 22 of SEBI (Listing Obligations
    and Disclosure Requirements) Regulations, 2015, the Company has a Whistle Blower Policy and has
    established the necessary vigil mechanism for directors and employees to report concerns about unethical
    behaviour. The said Policy provides for adequate safeguard against victimization of directors/employees who
    avail of such mechanism and provides access to the Chairman of Audit Committee in exceptional cases. No
    person has been denied access to the Chairman of the Audit Committee. The Whistle Blower Policy has been
    placed on website of the Company and web link thereto is
    www.pvvinfra.com

    During the year, there were no whistle blower complaints received by the Company.

    Reporting of Fraud by the Auditors

    During the year under review, the Statutory Auditors and Secretarial Auditors of the Company have not
    reported any instances of frauds committed in the Company by its officers or employees to the Audit
    Committee under Section 143(12) of the Companies Act, 2013 details of which need to be mentioned in this
    Report.

    Annual Return

    Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2024 will
    be uploaded on the Company's website at
    www.pvvinfra.com

    Prevention of Sexual Harassment of Women at Workplace

    The Company has adopted policy on Prevention of Sexual Harassment of Women at Workplace in accordance
    with The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

    The Company has always provided a safe and harassment free workplace for every individual working in its
    premises through various policies and practices. The company always endeavours to create and provide an
    environment that is free from discrimination and harassment including sexual harassment. The Company has
    been actively involved in ensuring that the employees are aware of the provisions of the POSH Act and rights
    thereunder. In the year under review, the Company has not received any such complaint from any employee.

    Particulars of Loans, Guarantees or Securities or Investments

    The Company has not given loans / guarantees or made any investments during the year under review.

    Related party transactions

    All transactions entered with related parties for the year under review were on arm's length basis and in the
    ordinary course of business. There were no materially significant related party transactions made by the
    Company with Promoters, Directors, Key Managerial Personnel or other designated persons which may have
    a potential conflict with the interest of the Company at large. All related party transactions are placed before
    the Audit Committee and also before the Board for approval, where ever required. The Company has
    developed a Policy on Related Party Transactions for the purpose of identification and monitoring of such
    transactions. The policy on Related Party Transactions as approved by the Board is uploaded on the
    Company's website
    www@pvvinfra.com

    The particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188
    is prepared in Form AOC-2 pursuant to clause (h) of the Companies (Accounts) Rules, 2014 and the same is
    annexed herewith as
    Annexure-II to this Report.

    Particulars in respect of conservation of energy, technology absorption, foreign exchange earnings and
    outgo

    The information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and outgo
    required to be disclosed under Section 134(3)(m) of the Companies Act, 2013, read with Rule 8 of the
    Companies (Accounts) Rules, 2014 are provided in the
    Annexure-I forming part of this Report.

    Human Resources

    Employees are our most valuable assets and key to the success of your Company. We are committed to hiring
    and retaining the best talent. We always strive towards collaborative, transparent and participative
    organization culture, and reward individual contribution and innovation.

    Directors' responsibility statement

    Pursuant to the requirement under Section 134 of the Companies Act, 2013 with respect to the Directors'
    Responsibility Statement, the Board of Directors of the Company hereby confirms:,

    i. in the preparation of the annual accounts, the applicable accounting standards have been followed along
    with proper explanation relating to material departures;

    ii. such accounting policies as mentioned in the notes to the financial statements have been selected and
    applied consistently and judgments and estimates that are reasonable and prudent made so as to give a true
    and fair view of the state of affairs of the Company at the end of the financial year 2023-24 and of the
    statement of profit of the Company for that period;

    iii. proper and sufficient care has been taken for the maintenance of adequate accounting records in
    accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and
    for preventing and detecting fraud and other irregularities;

    iv. the annual accounts for the year 2023-24 have been prepared on a going concern basis.

    v. that the Directors, had laid down internal financial controls to be followed by the Company that such
    internal financial controls were adequate and were operating effectively.

    vi. that system to ensure compliance with the provisions of all applicable laws were in place and were
    adequate and operating effectively.

    Cautionary Statement

    Statements in this Report, particularly those which relate to Management Discussion and Analysis as
    explained in the Corporate Governance Report, describing the Company's objectives, projections, estimates
    and expectations may constitute 'forward looking statements' within the meaning of applicable laws and
    regulations. Actual results might differ materially from those either expressed or implied in the statement
    depending on the circumstances.

    Acknowledgement

    The Board of Directors takes this opportunity to place on record its appreciation to all the stakeholders of
    the Company, viz., customers, investors, banks, regulators, suppliers and other business associates for the
    support received from them during the year under review. The Directors also wish to place on record their
    deep sense of gratitude and appreciation of all the employees for their commitment and contribution
    towards achieving the goals of the Company.

    For and on behalf of the Board of PVV Infra Limited
    Sd/- Sd/-

    Place: Hyderabad Tirumala Rao Kunderu Ravinder Terala

    Date: 08-07-2024 Wholetime Director Director

    (DIN: 06459338) (DIN: 09053735)

Attention Investors : “Prevent unauthorized transactions in your account ? Update your Mobile Numbers/Email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your Mobile/Email at the end of the day. Issued in the interest of Investors” ***** No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |     |  ***** KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.   |  "Revised guidelines on margin collection ==> 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. | 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. | 3. Pay 20% upfront margin of the transaction value to trade in cash market segment. | 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. | 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors"   |  ***** MEMBERS : SEBI Regn. No: NSE, BSE: INZ000176636 ; MCX : INZ000057535; SEBI Research Analyst Regn No: INH200000337; AMFI Regn No. 77624; Depository Participant : CDSL : IN-DP-CDSL-379-2006 DP ID : 12047600   |  For any Grievance mail to : grievance@sharewealthindia.com   |  For any DP Grievance mail to : dpgrievance@sharewealthindia.com.   |  Grievance with SEBI : https://scores.gov.in/scores/Welcome.html