Increase in Authorized capital of the company from 37,00,00,000 (Divided into 37000000 Equity shares of Rs. 10 Each) to Rs to 60,00,00,000 (Divided into 6,00,00,000Equity shares of Rs 10 each)
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Panth Infinity Ltd's board, meeting on August 22, 2025, approved increasing the company's authorized share capital from Rs. 37 crore (3.7 crore equity shares) to Rs. 60 crore (6 crore equity shares of Rs. 10 each), subject to shareholder approval. Separately, the board approved converting an unsecured loan into up to 3,28,17,500 equity shares through a preferential allotment to 4 non-promoter entities — Bhavishya Ecommerce, Gromo Trading, Samyak Enterprise, and Shital Trade Link. The issue price will be determined per SEBI ICDR rules. Post-allotment, total outstanding shares will jump from about 2.49 crore to 5.77 crore, more than doubling the share count. Promoters currently hold 0% and will continue to hold 0% after the issue.
This is heavily dilutive for existing public shareholders — their combined stake drops from 100% to roughly 43% of the enlarged capital. While the loan-to-equity swap may improve the company's balance sheet by reducing liabilities, retail investors should note the substantial dilution and concentration of shares among 4 private allottees. The lack of promoter holding is also worth flagging.