Intimation of withdrawal and cancellation of earlier outcome filed on April 02, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Panth Infinity Limited has withdrawn its earlier decision from April 2, 2026 to raise funds through a preferential issue of up to 5.5 crore fully convertible equity warrants. The company cited that the majority of proposed allottees decided to withdraw their decision to invest as the primary reason for cancellation. The board meeting was held on April 29, 2026, lasted 30 minutes, and decided to cancel the fund-raising plan. However, the approval for alteration in the company's Memorandum of Association (MOA) to insert new sub-clauses 13 and 14 in the main object clause remains valid. The company plans to convene a subsequent board meeting to consider alternative fund-raising options.
Negative for shareholders as the planned capital raise failed due to lack of investor interest. The withdrawal signals weak demand for the company's equity warrants and may indicate investor concerns about the company's prospects or valuation.