1. Proposed approval of shareholders for increase in the Authorized Share Capital of the Company, from Rupees 37,00,00,000/- (Rupees Thirty Seven Crores only) divided into 37000000 (Three ....
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Panth Infinity Ltd's board, at its meeting on August 22, 2025, approved two key proposals. First, to seek shareholder approval for increasing Authorized Share Capital from ₹37 crore (3.7 crore equity shares of ₹10 each) to ₹60 crore (6 crore equity shares of ₹10 each), along with a corresponding amendment to the Capital Clause of the Memorandum of Association. Second, the board approved the conversion of an unsecured loan into up to 3,28,17,500 equity shares of ₹10 each through a preferential issue to 4 proposed allottees — Bhavishya Ecommerce Pvt Ltd, Gromo Trading Pvt Ltd, Samyak Enterprise Pvt Ltd, and Shital Trade Link Pvt Ltd. The issue price is yet to be determined per SEBI ICDR Regulations. Post-allotment, total share count will rise from about 2.49 crore shares to 5.77 crore shares, with existing public shareholders getting diluted to roughly 43% of the company from 100% currently. An EGM or postal ballot will be conducted to seek shareholder approval.
Existing public shareholders face significant dilution of over 55% as the preferential allotment to four entities (all non-promoters) will more than double the share count. The loan-to-equity conversion reduces debt burden but expands the equity base, which may be viewed as a mixed signal — debt clearance is positive, but the steep dilution and concentration of shares among four allottees could pressure the stock price in the short term.