Intimation of withdrawak and cancellation of the previously announced outcome of the board meeting held on April 02, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Panth Infinity Limited's Board of Directors has withdrawn and cancelled the outcome of the April 2, 2026 board meeting, which had approved raising funds through a preferential issue of up to 5.5 crore fully convertible equity warrants. Each warrant was to be convertible into one equity share of Rs. 10 face value. The primary reason for withdrawal is that the majority of proposed allottees have decided to withdraw their decision to invest. The company clarified that the MOA alteration approved on April 2, 2026 (inserting sub-clauses 13 & 14) remains unchanged. A subsequent board meeting will be convened to consider revised fund-raising plans.
The cancellation of the preferential issue is negative for shareholders as it signals reduced investor appetite from proposed allottees. The company retains the option to revisit fund-raising through a new board meeting, but immediate dilution plans have been shelved.