Intimation of withdrawal and cancellation of earlier outcome dated May 06, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Panth Infinity Ltd met on June 01, 2026 (from 5:30 PM to 6:00 PM) and approved the withdrawal of an earlier board decision dated May 06, 2026. That earlier decision was to raise funds through a preferential issue of up to 5.5 crore fully convertible equity warrants of face value Rs. 10 each. The company is cancelling this plan because the majority of the proposed allottees have decided not to invest. Panth Infinity has stated that a fresh board meeting will be held in due course to reconsider the fund-raising exercise. Other prior approvals — including the alteration in the main object clause of the Memorandum of Association (from April 02, 2026) and the appointment/regularization of directors (from May 02, 2026) — remain unchanged.
This is a negative development for shareholders, as it signals weak investor appetite and delays the company's planned capital raise, which may push back growth or expansion plans funded by this issue. The stock may see short-term pressure on this news.