Alteration in memorandum of association of the company
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Panth Infinity's board has approved a sharp hike in authorized share capital from ₹37 crore (3.7 crore equity shares) to ₹132 crore (13.2 crore equity shares) along with an amendment to the MOA's Capital Clause. Two separate preferential allotments were cleared: (1) conversion of unsecured loans into up to 5.53 crore equity shares allotted to 8 non-promoter body corporates, and (2) a fresh preferential issue of up to 5 crore equity shares to 10 non-promoter individuals/HUFs. Price for both issues will be determined as per SEBI ICDR Regulations. The company also plans to amend its MOA to add new business objects covering film making, agri commodities, and artificial intelligence, suggesting a major pivot beyond its original construction-related business (per CIN L45201GJ). Total equity shares would rise from about 2.49 crore currently to roughly 13.02 crore after both issues, implying very significant dilution.
Existing public shareholders face heavy dilution (their stake shrinks as the share base expands over fivefold) and the company is signaling a strategic shift into unrelated sectors like film making, agri commodities, and AI, which could lift the stock on diversification hopes but also raises execution and valuation risk.