Disclosure under Regulation 30 read with Schedule III of SEBI ( LODR) Regulations, 2015- Acquisition of subsidiary incorporated in Dubai, UAE
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Panth Infinity Ltd's board, at its meeting on December 3, 2025, approved the acquisition of 100% equity stake in Al Subh Enterprise FZ-LLC, a company incorporated in Dubai, UAE, making it a wholly-owned subsidiary. The target entity operates in IT-related business, which is outside Panth Infinity's existing main line of business (construction/infrastructure). The consideration is 100% initial subscription to the share capital via cash/banking channel, though the actual cost of acquisition is marked as 'Not Applicable.' The target is a newly incorporated entity with no turnover history, and the acquisition is dated December 3, 2025.
This is a diversification and international expansion move into the IT sector through UAE. Shareholders should note that the target has no operating history or disclosed financials, and the acquisition price is not stated, which limits transparency. The change of business line may attract investor scrutiny and could affect valuation depending on future performance.